Pune based, Bajaj Auto Limited has released sales report for March 2019. It has been noted that there has been a significant increase in domestic sales of motorcycles while exports have dipped marginally. However in the case of commercial vehicles, the company has noted lower domestic sales while exports have increased by as much as 56 percent.
Motorcycles sales in domestic markets stood at 2,20,2013 units in the past month, a 39 percent increase as compared to 1,58,987 units sold in the same month of the previous year. Here, it is noteworthy to mention that it was for the first time ever that Pulsar sales exceeded 1,00,000 units.
Exports on the other hand dipped 7 percent in March 2019 with total exports at 1,03,325 units as against exports of 1,10, 952 units exported in march 2018. These domestic sales and exports took total sales up 20 percent to 3,23,538 units as against 2,69,939 units sold in March 2018.
Commercial vehicle sales in the past month saw a 13 percent dip in domestic sales which had stood at 44,613 units in March 2018 but went down to 38,972 units in the past month. Exports on the other hand increased substantially by 56 percent and went up from 19,796 units exported in March 2018 to 30,841 units exported in the past month. This took total commercial vehicle sales up 8 percent from 64,409 units in March 2018 to 69,813 units in March 2019.
In terms of fiscal year sales (Apr 2018 to Mar 2019), an increase of 29 percent was noted from 19,74,577 units to 25,41,320 units. Likewise, exports also increased 22 percent from 13,94,757 units to 16,95,553 units in the same period, marking the highest ever sales, taking total sales up 26 percent from 33,69,334 units in the YTD 2018 period to 42,36,873 units in the 2019 period.
Commercial vehicle sales for the fiscal ending Mar 2019, also increased both in terms of domestic sales and exports. Domestic sales went up 8 percent from 3,69,637 units to 3,99,453 units, as compared to previous fiscal. Exports were at their highest ever with an increase of 43 percent from 2,67,820 units to 3,83,177 units exported. These figures took total motorcycle and commercial vehicle domestic sales and exports up 25 percent to 50,19,503 units last fiscal, as against 40,06,791 units in the same period of the previous fiscal.