Two And Three Wheeler Maker Bajaj Auto Has Reported A 5 Percent

Two-and-three-wheeler maker Bajaj Auto has reported a 5 percent year-on-year degrowth in July sales on account of continued subdued domestic demand.

The company sold 3.81 lakh units in July 2019, declined from 4 lakh units sold in same period last year.

Domestic sales fell 13 percent year-on-year to 2.05 lakh units, but exports increased 8 percent to 1.76 lakh units in July 2019, company said in its BSE filing.

"We don't see any greenshoots in demand yet. Domestic 2-wheeler volumes might continue to decline in August," Rajiv Bajaj, Managing Director said in an interview to CNBC-TV18.

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