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Bajaj Auto Achieves 5% Growth In June 2024, Sales Hit 358,477 Units
Bajaj Auto Limited has announced a 5% year-on-year (YoY) growth in sales for June 2024, with total sales reaching 3,58,477 units compared to 3,40,981 units in June 2023. This represents an increase of 17,496 units and a month-on-month growth from the 3,55,323 units sold in May 2024.
Two-Wheeler Sales and Exports
The company reported a 7% growth in domestic two-wheeler sales, with the Pulsar brand being particularly popular. However, overall two-wheeler exports experienced a slight decline of 1%, with 1,26,439 units exported last month compared to 1,27,357 units in June 2023. This resulted in a total two-wheeler sales increase of 3% to 3,03,646 units.
Commercial Vehicle Sales and Exports
Bajaj Auto witnessed improved performance in the commercial vehicle (CV) segment, with domestic sales growing by 16% YoY to reach 39,244 units last month. Exports also saw significant growth of 14%, reaching 15,587 units in June 2024 compared to 13,641 units in June 2023. This led to a total CV sales increase of 16% to 54,831 units.
New CNG Bike Launch
Bajaj Auto is preparing to launch the world's first CNG bike later this month. The Bajaj Fighter will be the first of several CNG bikes that the company plans to introduce in India.
Year-to-Date Sales
From April to June 2024, Bajaj Auto experienced positive sales across both two-wheeler and commercial vehicle segments. Domestic two-wheeler sales grew by 7% to reach 5,82,497 units during this period. Two-wheeler exports also increased by 6% year-to-date (YTD) to reach a total of 3,68,420 units.
In the commercial vehicle segment, domestic sales grew by 10% YTD to reach a total of 1,08,124 units. Export sales increased by 9%, reaching a total of 43,015 units during the April-June quarter.
Overall YTD sales for both two-wheelers and commercial vehicles reached a combined total of 11,02,056 units during the April-June period in both domestic and export markets. This represents a growth rate of approximately 7% compared to the same period in the previous year.
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