Bajaj Auto share price (NSE: BAJAJ-AUTO) traded 2.6% higher at ₹9,122.80 at 11:15 AM on the NSE. The stock opened at ₹8,953.90, higher than its previous close of ₹8,891.95. Bajaj Auto’s share price has slumped 1.35% in the last 5 days.
On December 5, 2024, the company through a press release on the stock exchanges, refuted claims about sales figures and pricing changes, providing a clearer picture of its current market position.
Bajaj Auto corrected the sales figure for Freedom 125, stating that 67,000 units were billed to dealers as of November 30, 2024, not 80,000 as claimed.
The Freedom portfolio, consisting of three variants, has seen limited price changes. The Top variant remains unchanged at ₹1,10,000, while the Base and Mid variants have been repriced based on customer feedback.
Bajaj Auto explained that price revisions for Pulsar models were part of regular efforts to maintain competitiveness and profitability. The adjustments had minimal impact on the company’s quarterly performance.
Bajaj Auto Ltd reported a 5% year-on-year increase in overall vehicle sales for November 2024, reaching 4,21,640 units, including exports. Exports saw a significant jump of 24%, totalling 1,80,786 units. However, domestic two-wheeler sales experienced a 7% decline, falling to 2,03,611 units.
Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.
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