Bajaj Auto June sales down 14 percent, plant strike hits production
MUMBAI (Reuters) - Bajaj Auto(BAJA.NS) says 295,749 vehicles sold in June, down 14 percent. The company said a strike at its Chakan plant in Maharashtra had caused a production loss of about 20,000 motorcycles for the month.
Bajaj Auto is the world's largest motorised three-wheeled rickshaw maker.
As of 9:53 a.m., the stock was down 0.2 percent.
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The Indian subsidiary of Anglo-Dutch parent Unilever made a net profit of 10.57 billion rupees ($175.9 million) for the three months ended June 30, from 10.19 billion rupees in the same period a year earlier. Full Article