Bajaj Auto sells 275,868 units in May 2022; stock dips 4% on profit booking

With schools/colleges opening in June 2022, there will be improvements in the footfalls in dealerships, according to analysts.

Shares of Bajaj Auto dipped 4 per cent to Rs 3,709 on the BSE in Wednesday's trade on profit booking after the company reported flat (total) sales for the month of May at 275,868 units. The two/three wheelers company had sold 271,862 units in May 2021. In comparison, the S&P BSE Sensex was down 0.75 per cent at 55,151 units at 02:57 PM.

For the first two months (April & May) of the current financial year 2022-23, total sales were down 11 per cent year-on-year at 586,642 units as against 659,878 units during the same period last fiscal.