Bajaj Auto reports 1,24,125 motorcycles sold in the domestic market in December 2019. That’s 21 percent sales decline, down from 1,57,252 units sold in Dec ’18. Exports however grew. Exports are up 13 percent at 1,60,677 units, up from 1,41,603 units in the same month last year.
That puts Bajaj’s motorcycle exports at more than what it sold in India last month. In all, the manufacturer reports 2,84,802 units sold. That’s 5 percent lower than the 2,98,855 units reported sold in December 2018.
Bajaj CV business volume is much smaller. Domestic CV sales grew 26 percent at 29,038 units, up from 23,099 units. CV exports declined by 8 percent, down to 22,215 units from 24,245 units in December 2018. Total CV sales grew 8 percent at 52,253 units, up from 47,344 units.
Total (Motorcycle and CV) sales for the month is reported at 1,53,163 units, down 15 percent from 1,80,351 units. Total exports grew 10 percent, up at 1,82,892 units from 1,65,848 units. Total business volume is reported at marginal decline of 3 percent, down at 3,36,055 units, down from 3,46,199 units.
Despite current market slowdown, Bajaj would be glad about its exports through the ongoing FY. Domestic motorcycle sales for April-December 2019 fell 13 percent at 1,675,264 units from 1,931,226 units. Exports for the same time grew by 9 percent, up at 1,418,764 units from 1,303,664 units for the same nine months last year. Total motorcycle sales fell by 4 percent, down to 3,094,028 units, down from 3,234,890 units sold in April-December 2018. Bajaj reports motorcycle exports at 4,84,183 units for Q3 FY19-20, its highest ever quarterly exports.
CV sales for the first 3 quarters of the current FY fell by 2 percent, down to 2,90,683 units, down from 2,97,195 units. CV exports for the same period fell by 19 percent, down to 2,38,540 units, down from 2,93,828 units. Total CV sales for the said period fell by 10 percent, down to 5,29,223 units from 5,91,023 units.
Total (Motorcycles and CV) YTD sales for the ongoing fiscal fell by 12 percent. Down to 1,965,947 units from 2,228,421 units. Exports for the period grew 4 percent, up at 1,657,304 units, from 1,597,492 units. In all, Bajaj sales currently stands contracted by 5 percent, down to 3,623,251 units from 3,825,913 units. Despite business contraction, the company would be chuffed about its motorcycle export performance. Bajaj reports Q3 FY19-20 total exports at 5,62,772 units, its highest ever quarterly exports.
