Bajaj Auto’s internet revenue is Rs. 1,214 crore for the quarter ended December 31, 2021, down 22 per cent. 1,556 crore in the identical quarter a yr in the past.
see imagesBajaj Auto’s internet revenue declines 22 per cent in Q3 FY 2022 to Rs. 1,214 crore
Bajaj Auto, India’s largest exporter of bikes and one of many nation’s main two-wheeler makers, reported a 22 per cent year-on-year decline in internet revenue for the quarter ended December 31, 2021. The firm’s income from operations grew by 1.3 per cent year-on-year to ₹9,021 crore for the quarter regardless of a weak demand atmosphere within the home two-wheeler market, reflecting a ten per cent decline in general volumes for Q3 FY22. Is. Bajaj Auto volumes are reported. At 11,81,361 models within the third quarter of FY 2022, in comparison with 13,06,810 models in the identical quarter a yr in the past.
Read additionally: Bajaj Auto registers highest ever export of two.5 million in a calendar yr
Bajaj Auto is India’s largest exporter of bikes. The firm exported 2.5 million bikes within the calendar yr 2021.
In latest months, the home two-wheeler trade has confronted a number of challenges, together with rising uncooked materials prices, chip shortages in addition to disruptions led by electrical automobile corporations. Rising gas costs have additionally largely shifted the demand for electrical two-wheelers available in the market segments. Despite the diversified portfolio and robust presence in abroad markets, Bajaj Auto has not remained unaffected. Bajaj Auto’s EBITDA (earnings earlier than curiosity, taxes, depreciation and amortization) fell 20 per cent to ₹ 1,405 crore. Moderate income development was largely supported by a value hike to offset the bounce in uncooked materials prices.
Read additionally: Bajaj Auto gross sales down 6 p.c in December 2021
In December 2021, Bajaj Auto introduced the establishing of a brand new Electric Vehicle (EV) manufacturing facility
The home bike section recorded a decline of 23 per cent in the course of the October to December 2021 quarter. In reality, Bajaj Auto carried out marginally higher, promoting over 4,69,000 models, which is a decline of 20 per cent within the third quarter of FY21. According to Bajaj Auto, the corporate’s market share elevated to 19.2 per cent within the third quarter of FY22 from 18.6 per cent. p.c in Q3 FY21 and 18.1 p.c in FY21. Exports proceed to register sturdy gross sales with a median month-to-month quantity of over 2,19,000 models. In reality, for the calendar yr 2021, Bajaj reported export quantity of two.5 million models, which is the best for the corporate.
Read additionally: Bajaj Auto Q2 FY22 revenue up 12 per cent to ₹ 1,275 crore
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In the home industrial automobile market, the trade registered a development of 5 per cent within the third quarter of FY21, whereas Bajaj Auto registered a development of 52 per cent and registered a market share of 71 per cent. Bajaj Auto’s complete industrial automobile gross sales stood at 1,32,816 models within the third quarter of FY2022, a rise of 18 per cent over the third quarter of FY21.
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With inputs from NDTV
