India's Bajaj Auto falls after report on planned production cuts

Shares of India's Bajaj Auto fell as much as 5.05% after a report said the two-wheeler maker is expected to take a cut of up to 25% in production next month. The company's total export volumes dropped in the December quarter.

February 27, 2023 . 9:16 AM

1 min read

Shares of India's Bajaj Auto (BAJA.NS) sunk as much as 5.05% on Monday after a media report said the two-wheeler maker is expected to take a cut of up to 25% in motorcycle and three-wheeler production across its export-focused plants next month.
Bajaj Auto is likely to produce 250,000-270,000 units in March, lower than its average monthly production of 338,000 units in the first nine months of FY 2023.
The company's total export volumes dropped in the December quarter to 439,088 units from 658,062 units in the same period a year earlier.