Net sales during the quarter under review stood at Rs 4,808.73 crore as against Rs 4,713.64 crore, up 2.01 percent, Bajaj Auto Ltd (BAL) said in a statement. Sales in terms of volume during the first quarter this fiscal stood at 9,79,275 units as against 10,78,971 units, down 9.23 percent.
     
During the quarter, BAL said that its motorcycle sales were down by 12 percent to 8,60,151 units as against 9,82,623 units in the corresponding period last fiscal. Its motorcycle sales in India were down by 8 percent to 5,71,655 units as compared to 6,18,489 units in year-ago period, BAL said.
     
"Given the present economic situation, high fuel price and negative sentiments, the size of domestic market for premium segment declined by 11 percent in Q1 FY14. Bajaj Auto,
being the single largest player with a market share of 46 percent in the segment was more that proportionally affected," it said.
     
Further, the labour unrest and stoppage of work in June 2013 at the manufacturing unit in Chakan has caused a loss in sales of 20,000 units of Pulsar, it said. The company said that its bike exports were also down 21 percent to 2,88,496 units as against 3,64,134 units in the corresponding quarter last fiscal.

Total revenue from the internal business stood at Rs 1,876 crore during the quarter, up 10 percent from 1,710 crore in the same period last fiscal. Shares of Bajaj Auto were trading at Rs 1,948.80 per scrip during mid-day trade, up 2.72 percent from the previous close.

(Agencies)

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