Bajaj Auto total sales for August at 3.56 lakh units
The two wheeler segment in India has finally started seeing some signs of a turnaround. The lockdown announced in March and dismal sales during the months of May to June, have seen some improvement in July and August as buyers are opting for more person means of transport.
Bajaj Auto registers 9 percent sales decline YoY
Bajaj Auto Limited has revealed their sales figures for August 2020. It may be seen that while Bajaj Auto could not match sales of August 2019, the company has shown a stronger recovery on a monthly basis, when compared with sales of July 2020. Bajaj Auto reported sales of 3,56,199 units in August 2020, down 9 percent when compared to total sales of 3,90,026 units sold in August 2019.
Domestic sales in the past month stood at 1,78,220 units, an increase of 3 percent over 1,73,024 units sold in August 2019 but exports dipped 6 percent to 1,42,838 units in the past month from 1,52,276 units exported in the same month of the previous year. This took total two wheeler sales to 3,21,058 units in August 2020, down 1 percent when compared to 3,25,300 units sold in August 2019.
Sales of commercial vehicles fell hugely. Domestic sales dipped 78 percent to 7,659 units in the past month as against 35,085 units sold in August 2019. Exports, though reporting a de-growth, faired better than domestic sales. Sales fell by 7 percent to 27,482 units, down from 29,641 units exported in August 2019 thus taking total sales in the commercial vehicle segment to 35,141 units, down 46 percent as against 64,726 units sold in August 2019.
Year to Date sales
The month of April 2020 saw every two and four wheeler maker in India report zero sales. Sales inched ahead in the months of May and June and it was only from July that there was some semblance of improvement noted in terms of vehicle sales in the country. This caused quite a setback in terms of year to date sales for each manufacturer.
Bajaj Auto Limited was no exception. The company has reported a 48 percent dip in year to date sales. In the two wheeler segment, domestic and exports dipped 45 percent to 9,59,543 units during the April to August 2020 period. This figure had stood at 9,54,938 units in the same period of the previous year.
Commercial vehicle sales (domestic and exports) also suffered de-growth of 67 percent to 95,591 units in the first five months of the financial year as compared to 2,88,593 units sold in the same period of 2019. This saw total two wheeler and commercial vehicle sales (domestic and exports) down 48 percent to 10,55,134 units in the April to August 2020 period as against 20,18,730 units sold in the same period of the previous year.