Bajaj Auto Limited, the 4th best-selling two wheeler maker in India after Hero, Honda and TVS, has seen outstanding growth in April 2024 both in terms of two wheeler and commercial vehicles.
In the two wheeler segment, Bajaj Auto has posted a 19% YoY growth when taking into account both domestic sales and exports. Total 2W sales stood at 3,41,789 units in April 2024, up from 2,87,985 units sold in April 2023. This was also a MoM growth over 3,13,885 units sold in March 2024. Popular two wheelers from Bajaj include Pulsar, Platina, CT, Dominar as well as Chetak Electric Scooter.
Bajaj Auto reported robust domestic sales, with figures reaching 2,16,950 units in April 2024 compared to 1,81,828 units in the same period last year, marking a substantial increase of 19%. Similarly, the company witnessed a significant surge in exports, recording 1,24,839 units compared to 1,06,157 units in April 2023, reflecting an impressive growth rate of 18%.
Growth was also seen across the Bajaj Auto commercial vehicle lineup by 7% which included both domestic sales and exports. Numbers surged to 46,467 units in the past month from 43,293 units sold in April 2023 while on a MoM basis, CV sales suffered a decline from 52,019 units sold in March 2024.
The company reported domestic CV sales of 32,133 units in April 2024 compared to 31,344 units in April 2023, registering a 3% increase. Additionally, Bajaj Auto witnessed a substantial growth in exports, with figures reaching 14,334 units compared to 11,949 units in the same period last year, marking an impressive growth rate of 20%.
This took total sales (2W+CV) (Domestic + Exports) up 17% YoY to 3,88,256 units in April 2024 from 3,31,278 units sold in April 2023 thus relating to a 56,978 unit volume growth. Sales were up in domestic markets by 17% YoY to 2,49,083 units from 2,13,172 units sold in April 2023 while exports surged 18% YoY to 1,39,173 units in the past month from 1,18,106 units shipped in the same month last year.
Earlier this month, new Bajaj Pulsar 125 reached dealerships and is slated to boost sales in the months ahead. Bajaj has also updated its 2024 Pulsar range with a fully digital instrument cluster in place of the semi-digital unit. Next up, is the launch of NS400, the biggest Pulsar till date. These new launches are expected to boost sales in coming months.
This post was last modified on May 2, 2024 7:13 pm