Bajaj Auto Ltd has posted a 20 per cent decline in motorcycle sales in July this year compared to July last year.
Exports also declined by 12 per cent.
In a communication to the stock exchanges, BAL said it sold 2,46,828 motorcycles in July 2013 compared to 3,08,858 units in July 2012. The sale of commercial vehicles fell marginally to 34,499 units (35,292 vehicles), a 2 per cent decline.
The total sales fell by 18 per cent to 2,81,327 units (3,44,150 units). Exports, out of this, witnessed a 12 per cent fall to 1,10,023 units (1,25,501 units).
On a year-to-date basis, the motorcycle sales declined by 14 per cent to 11,06,979 units in April-July this year from 12,91,481 units during the same period last year.
But the CV sales witnessed a substantial growth of 17 per cent to 1,53,623 units in April- July 2013 from 1,31,640 units in the corresponding period last year. While the decline in total sales was 11 per cent in April-July this year compared to the corresponding four months last year, exports out of this declined by 13 per cent to 4,72,586 vehicles from 5,41,146 units in April-July last year.
The BAL stock was down by Rs 28.85 at Rs 1,904 on the BSE at around 10.40 a.m.