The general slowdown and corresponding lockdown has led to this significant dip in sales across the entire two and four wheeler segment
Bajaj Auto Limited has revealed their sales figures for May 2020. The company reported total sales of 1,27,128 units in May 2020 down 70 percent as against 4,19,235 units sold in the same month of the previous year. Exports in the past month also dipped 53 percent to 87,054 units as against 1,83,411 units exported in May 2019 while when taking only domestic sales into account, sales fell to 40,074 units in the past month as compared to 2,35,824 units sold in May 2019.
Even prior to the COVID-19 pandemic hitting the country, automobile sales in India were in a downward trend. From March 25, 2020, ever since the Government of India announced a nationwide lockdown, this situation got even worse as sales came to a complete halt.
Though now, most automakers have commenced production and sales, the entire system is in turmoil as plants and dealerships are operating with limited workforce while there are also supply constraints which have yet to fall into place.
Bajaj Auto – May 2020 Sales
|TOTAL (2-WH + CV)|
|YTD||Apr-May 2020||Apr-May 2019||Change %|
|TOTAL (2-WH + CV)|
Bajaj Auto motorcycle sales in domestic markets stood at 39,286 units in May 2020, down 81 percent as against 2,05,721 units sold in May 2019. Exports on the other hand dipped 54 percent to 73,512 units thus taking total two wheeler sales down 69 percent to 1,12,798 units as against 3,65,068 units sold in May 2019. Sales of Bajaj Pulsar, Dominar, Avenger, Platina, CT range is expected to increase this month as lockdown is being eased across India.
Negative growth was also noted in the commercial vehicle segment wherein domestic sales dipped 97 percent to 788 units as compared to 30,103 units sold in May 2019 while exports dipped 44 percent to 13,542 units taking total sales in this segment down 74 percent to 14,330 units in the past month. Total two wheeler and commercial vehicle sales dipped 70 percent to 1,27,128 units in May 2020 as against 4,19,235 units sold in the same month of the previous year.
Year to date sales also ended on a negative note which is no surprise considering the company was in lockdown mode in April 2020. In the two wheeler segment, domestic sales during April and May 2020 dipped 90 percent to 39,286 units, down from 4,11,596 units sold in the same two month period of 2019.
Exports dipped 67 percent to 1,05,521 units thus taking total sales in this segment down 80 percent to 1,44,807 units compared to 7,31,336 units sold in the two months of the year ago period. Commercial vehicle sales also dipped 99 percent in domestic markets and 65 percent where exports were concerned with total two wheeler and commercial vehicle sales down 80 percent to 1,65,006 units as compared to 8,42,550 units sold in April and May 2019.
Bajaj Auto noted good start to sales of Chetak electric scooter in March 2020 when a total of 91 units were sold during that month. The Chetak is the first electric scooter from the company under the Urbanite range of electric vehicles. It is sold in two variants of Urbane and Premium and priced at Rs.1.00 and 1.15 lakhs respectively. The company has since then stopped accepting bookings for this scooter in Pune and Bengaluru as there have been interruptions in component supplies from Wuhan, China.