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Business

Bajaj Auto, Ashok Leyland report double-digit growth in October sales

Both automakers recorded double-digit increases across their key vehicle segments with Bajaj Auto reporting a 14 per cent rise in wholesales to 5.92 lakh units, while Ashok Leyland posted 23 per cent in total sales to 21,888 units.

Aishwarya Lakshmi T

New Delhi: Bajaj Auto and Ashok Leyland reported strong year-on-year growth in their October sales, with the two automakers registering increases across their key vehicle segments.

Bajaj Auto posted a 14 per cent rise in total wholesales to 5,91,876 units in October, compared with 5,18,170 units in the corresponding month last year, according to an exchange filing.

The company's domestic sales increased 12 per cent to 3,51,148 units, while exports grew 18 per cent to 2,40,728 units.

Its two-wheeler sales rose 13 per cent to 5,01,194 units from 4,42,316 units a year ago. Commercial vehicle sales registered a sharper 20 per cent increase to 90,682 units, against 75,854 units in October last year.

For the April-October period, Bajaj Auto's total sales grew 22 per cent to 35,79,011 units. Two-wheeler sales rose 22 per cent to 30,07,707 units, while commercial vehicle sales increased 23 per cent to 5,71,304 units.

Meanwhile, Chennai-based Ashok Leyland reported a 23 per cent increase in total sales, including exports, to 21,888 units in October, compared with 17,820 units in the year-ago period.

The commercial vehicle maker's medium and heavy commercial vehicle (M&HCV) sales grew 28 per cent to 13,927 units from 10,865 units. Sales in the light commercial vehicle (LCV) segment increased 14 per cent to 7,961 units.

Ashok Leyland's domestic sales rose 24 per cent to 20,224 units from 16,314 units a year earlier. Within the domestic market, M&HCV sales climbed 32 per cent to 12,646 units, while LCV sales grew 13 per cent to 7,578 units.