New Delhi, Jun 3 (Agencies): Bajaj Auto shares rallied 2.7 percent intraday on June 3 after better-than-expected sales data for May. The two and three-wheeler maker reported a 3 per cent increase in its sales at 4.19 lakh units for May, against 4.07 lakh units sold in the same month last year, driven by motorcycle sales.
Nomura had expected the same at 4.17 lakh units for May. Company’s domestic sales increased 5 percent to 2.35 lakh units while exports increased 1 per cent to 1.83 lakh units compared to the corresponding month last year. Motocycle sales jumped seven percent to 3.65 lakh units, but three-wheeler sales fell 16 per cent to 54,167 units YoY in May 2019.