Bajaj Auto Limited has posted a 14 percent decline in November 2019 motorcycle sales in domestic markets to 1,76,337 units. However, in terms of exports, the company has reported its highest ever sales at 1,67,109 units in the past month.
Bajaj Auto has seen a 14 percent decline in terms of domestic motorcycle sales to 1,76,337 units in the past month when compared to 2,05,259 units sold in November 2019. Exports on the other hand stood at 1,67,109 units, up 18 percent as compared to 1,41,285 units exported in November 2018. This has been the highest ever exports reported by the company thus taking total motorcycle sales to 3,43,446 units down just 1 percent when compared to total sales of 3,46,544 units sold in November 2018.
Where the company’s commercial vehicles were concerned, sales in domestic markets increased 6 percent in the past month. Sales stood at 31,438 units, up from 29,559 units sold in the same month of the previous year. Exports in this segment dipped 8 percent to 28,339 units down from 30,827 units exported in November 2018. Total sales in the past month in the commercial vehicle segment stood at 59,777 units, down 1 percent from 60,386 units sold in the same month of the previous year.
When taking into account total sales of motorcycles and commercial vehicles, Bajaj Auto has noted a decrease of just 1 percent in terms of total domestic sales and exports which had stood at 4,06,930 units in November 2018 and dipped to 4,03,223 units in the past month. Total exports which were the highest ever surged to 1,95,448 units, up 14 percent as against 1,72,112 units exported in November 2018
Year to Date sales of Bajaj Auto Limited from the period April to November 2019 saw a dip in domestic motorcycle sales but a surge in exports. Motorcycle sales in domestic markets dipped 13 percent to 15,15,139 units in the 2019 period as compared to 17,73,974 units sold in India in the 2018 period, Exports increased 8 percent to 12,58,087 units in 2019 period, up from 11,62,061 units exported in the same 8 month period of the previous year. These sales took total motorcycle sales down 4 percent to 28,09,226 units as compared to 29,36,035 units sold in the 2018 period.
Earlier this year, Rajiv Bajaj attributed the company performance to a carefully thought out strategy with added emphasis on exports. This has aided the company ride out the storm in domestic markets with more attention being shown to its 100-110 commuter bike segment where the CT100 and Platina models are concerned.
YTD commercial vehicle sales dipped both in terms of domestic sales and exports. Domestic sales were at 2,61,645 units in the 2019 period, down 5 percent as compared to 2,74,096 units sold in the 2018 period. Exports dipped 20 percent to 2,16,325 units in 2019 as against 2,69,583 units exported in the same 7 month period of 2018. This took totals down 12 percent to 4,77,970 units as compared to 5,43,679 units sold in the 2018 period. When assessing total sales of motorcycle and commercial vehicles, during the April to November 2019 period it was seen that sales dipped 6 percent to 32,87,196 units in the said period as against 34,79,714 units sold in the corresponding period of the previous year.
