Bajaj Auto reported lower overall sales in March 2023 on the back of weaker export figures both in terms of 2W and CVs
Bajaj Auto also revealed their sales figures for the past month. The company has done well in terms of domestic sales while exports of both two wheelers and commercial vehicles ended in the red.
Bajaj Auto YoY Sales March 2023
Bajaj Auto two wheeler sales stood at 2,47,002 units in March 2023. This was a 4 percent de-growth over 2,56,324 units sold in March 2022. It was however, a growth over 2,35,356 units sold in Feb 2023.
The company’s domestic sales improved by 42 percent to 1,52,287 units in March 2023 from 1,07,081 units sold in March 2022. Top selling bikes from Bajaj Auto included the Pulsar, Platina, CT, Dominar and Avenger along with the Chetak electric scooter. Negative overall sales were the result of lower exports which dipped 37 percent YoY. Exports which had stood at 1,49,243 units in March 2022 fell to 94,715 units in the past month.
It was a similar performance in commercial vehicle sales. Domestic sales improved by 74 percent to 34,235 units in March 2023 from 19,671 units sold in March 2022. Exports fell by 51 percent to 10,330 units last month from 21,193 units exported in March 2022. This took total sales in this segment to 44,565 units in March 2023 up 9 percent from 40,864 units sold in March 2022.
Total (2W + CV) domestic sales increased by 47 percent to 1,86,522 units in the past month from 1,26,752 units sold in March 2022 while exports (2W + CV) fell by 38 percent to 1,05,045 units. Lower exports brought down total sales (domestic + exports) by 2 percent to 2,91,567 units in March 2023 from 2,97,188 units sold in March 2022.
Bajaj Auto FY2023 Sales
In FY 2023, Bajaj Auto finished with lower sales. Two wheeler sales dipped 10 percent in the FY 2022-23 period to 34,42,839 units down from 38,36,856 units sold in FY 2021-22.
In this segment, domestic sales improved by 10 percent to 18,05,883 units in FY 2022-23 from 16,41,084 units sold in the same period last year. However, exports fell by 25 percent to 16,36,956 units in FY 2022-23 from 21,95,772 units shipped in FY 2021-22.
CV sales improved in domestic markets by 87 percent to 3,00,734 units in the FY 2022-23 period. Exports fell by 41 percent to 1,84,284 units thus taking total sales up 3 percent to 4,85,018 units in the FY 2022-23 period from 4,71,577 units sold in FY 2021-22. This brought total YTD sales down by 9 percent to 39,27,857 units in FY 2022-23 from 43,08,433 units sold in the same period last year.
