Bajaj Auto Disappointed The Street On Friday By Reporting A 10 Percent

Bajaj Auto disappointed the Street on Friday by reporting a 10 percent decline in total sales at 3.14 lakh units for May 2017 against 3.48 lakh units in same month last year, impacted by overall performance.

Domestic sales during the month fell 15 percent year-on-year to 1.74 lakh units and exports dropped 3 percent to 1.4 lakh units.

Numbers were far lower than Nomura expectation of 3.45 lakh units for the month.

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