Bajaj Auto Limited, leading motorcycle and commercial vehicle makers in India have announced their sales report for February 2019. The company noted strong sales both where domestic sales and exports were concerned, with total sales up 10 percent in the past month as compared to sales in the same month of the previous year.
In the motorcycle segment, domestic sales stood at 1,86,523 units, up 6 percent as compared to sales of 1,75,489 units sold in February 2018. Exports surged 16 percent from 1,22,025 units exported in February 2018 to 1,41,462 units exported in the past month, taking total sales in the motorcycle segment up 10 percent from 2,97,514 units in February 2018 to 3,27,985 units in February 2019.
Sales of commercial vehicles dipped marginally in domestic markets in February 2019 by 9 percent. The company had sold 38,534 units in February 2018 which went down to 35,183 units last month. This dip in domestic sales was made up by a notable increase in exports by as much as 37 percent. Exports of commercial vehicles, which stood at 21,835 units in February 2018 went up to 29,921 units in February 2019. This caused an increase of 8 percent in total commercial vehicle sales from 60,369 units in February 2018 to 65,104 units in February 2019.
Total domestic sales and exports of motorcycles and commercial vehicles together went up 10 percent in the past month. This figure which stood at 3,57,883 units in February 2018 went up to 3,93,089 units in the past month. This month the company plans to launch two new products – one is 2019 Dominar, and the other is much awaited Qute quadricycle. Both these new launches could help company push sales further.
Taking into account year to date sales of motorcycles and CVs, Bajaj Auto Limited has seen an increase of 26 percent during the period April to February 2019. Domestic sales and exports of motorcycles in the period April to February 2018 stood at 30,99,395 units which surged 26 percent to 39,13,335 units in the same period in 2019.
Domestic sales and exports of commercial vehicles experienced a 24 percent increase from 5,73,048 units sold in the April to February 2018 period which increased to 7,12,817 units in the same period of 2019. These outstanding figures took total year to date sales up 26 percent from 36,72,443 units in April to February 2018 up to 46,26,152 units in the April to February 2019 period.