Bajaj Auto has slipped almost 4% to INR 1,537 after the company reported 18% MoM basis drop in total sales to 305,690 units in December 2011, as compared to 374,477 units sold in November 2011.

Bajaj Auto in a statement said that however it reported 10% increase in its motorcycle sales on year on year basis. The company had sold total 276,803 units in the corresponding month last year.

It added that exports during the month stood at 1,19,708 units compared to 95,388 units in December 2010, a growth of 25%. Commercial vehicle sales witnessed a growth of 27% at 41,991 during the month as against 33,128 in December last year.

(Sourced from BS)