(Corrects dateline to say July ‌21, not ‌July 16; adds Reuters)July ​21 (Reuters) - Indian automaker Bajaj Auto reported a ‌42.3% higher ⁠first-quarter profit on Tuesday ⁠on strong strong domestic ​and overseas ​demand ​and gains ‌from favourable currency movements. The Pulsar motorcycle manufacturer's profit rose to 29.83 ‌billion ​Indian rupees ($299.62 ​million) ​in ‌the quarter ended June ​30. ($1 = ​96.2225 Indian rupees)(Reporting by ​Mridula ‌Kumar in Bengaluru; ​Editing by ​Nivedita Bhattacharjee)