Of the total sales, the company sold 3,33,638 units of Motorcycles in January 2023.
Slightly positive impact of the budget announcements on the auto sector
Volvo truck and bus sales increased by 73.4% to 189 units in January 2023.
Domestic sales (M&HCV and LCV) were 16,198 units in the reporting month, a 27% increase from 12,709 units in January 2022.
The company logged export figures for January 2023 at 3,009 units.
January 2023 marked a shift in sales trends for Tata Motors, as commercial vehicle sales saw a dip of 7%.
In the month of January 2022, Bajaj Auto exported a total of 2,13,787 vehicles to various overseas markets.
The scarcity of electronic bits and bobs caused a slight hiccup in the assembly line of automobiles, primarily impacting our home-grown models.
On the sectoral front, Nifty IT, Pharma and Oil & Gas stocks were under selling pressure.