Bajaj Auto, Hero MotoCorp report weak sales numbers for September

03 Oct 2012

1

Shares of Bajaj Auto and Hero MotoCorp fell in morning trade on the Bombay Stock Exchange (BSE) today after they reported weak sales numbers for September.

At 10:15 am, Bajaj Auto was trading 1.1 per cent lower at Rs1,792. The scrip hit a low of Rs1,791.30 and a high of Rs1,817 in the day.

Hero MotoCorp was trading 1.4 per cent lower at Rs1,854, after hitting a low of Rs1,844.15 and a high of Rs1,871.30 in the day.

The company reported low volumes for September 2012 as total volumes fell 26.4 per cent year-on-year and 8.8 per cent sequentially to 404,787 units.

Volumes for Bajaj Auto for September 2012 declined 13.8 per cent year-on-year to 360,152 units.

Motorcycle volumes declined 15.1 per cent on weak domestic demand, while three-wheeler volumes retreated 3.5 per cent, mainly due to weakness in the export markets.

Business History Videos

History of hovercraft Part 3 | Industry study | Business History

History of hovercraft Part 3...

Today I shall talk a bit more about the military plans for ...

By Kiron Kasbekar | Presenter: Kiron Kasbekar

History of hovercraft Part 2 | Industry study | Business History

History of hovercraft Part 2...

In this episode of our history of hovercraft, we shall exam...

By Kiron Kasbekar | Presenter: Kiron Kasbekar

History of Hovercraft Part 1 | Industry study | Business History

History of Hovercraft Part 1...

If you’ve been a James Bond movie fan, you may recall seein...

By Kiron Kasbekar | Presenter: Kiron Kasbekar

History of Trams in India | Industry study | Business History

History of Trams in India | ...

The video I am presenting to you is based on a script writt...

By Aniket Gupta | Presenter: Sheetal Gaikwad

view more
View details about the software product Informachine News Trackers