BENGALURU (Reuters) – India’s Bajaj Auto reported a bigger-than-expected increase in first-quarter profit on Tuesday, boosted by robust demand in its commercial vehicles segment.
Profit rose to 16.65 billion rupees ($203.53 million) for the quarter ended June 30, the automaker said in an exchange filing. Analysts, on average, had expected a profit of 16.41 billion rupees, according to IBES data from Refinitv.
($1 = 81.8044 Indian rupees)
(Reporting by Biplob Kumar Das in Bengaluru)
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