Bajaj Auto June sales skid 14% to 2.96 lakh units

Bajaj Auto  's total sales in June declined 14 percent year-on-year to near 2.96 lakh units, as strong demand for three-wheeler commercial vehicles was offset by sluggish growth in motorcycles.

The India's second largest two-wheeler maker sold 2.55 lakh motorcycles last month, down 20 percent from a year ago.

Bajaj Auto's workers at Chakan plant have gone on a strike since last week and that has caused a loss of 20,000 motorcycles, it said.

The company's CV sales, meanwhile, surged 54 percent to 41,205 units in June.

Bajaj Auto's total exports were up 4 percent at 1.20 lakh units.

For the April-June quarter, the company's total sales are down 9 percent to 9.79 lakh units.

In comparision, India's largest two-wheeler maker Hero MotoCorp sold 5.02 lakh units in June, down 6 percent year-on-year.

On the other hand, Yamaha Motor India's sales accelerated 52 percent to 49,168 units, last month. Its domestic sales rose 46 percent to 35,561 units.

Bajaj Auto shares were down 0.21% at Rs 1,918.80 on NSE