Bajaj Auto October 2023: Total Sales Growth 19% YoY, Export Declined!

Published at November 3, 2023 by BikeJunction

In October 2023, Bajaj Auto saw a noteworthy surge in total domestic sales. However, exports witnessed a decline. The company reported a 19% YoY growth in total sales (2W+CV) for October, while YTD sales also increased by 3% during April-October 2023.

Bajaj Auto YoY Sales October 2023

Bajaj Auto Limited sold a total (2W+CV) of 4,71,188 units in October 2023 compared to 3,95,238 units sold in October 2022. This improvement in sales resulted in a 19% YoY growth. Speaking of only two-wheeler sales, the company sold 2,78,486 units last month as opposed to 2,06,131 units sold in October 2022, resulting in 35% growth. In addition, the company witnessed a MoM growth compared to 2,02,510 units sold in September 2023.

Particulars	OCT’23	OCT’22	Change %
2-Wheelers
Domestic	278,486	206,131	35
Export	129658	135,772	-5
Subtotal	408,144	341,903	19
Commercial Vehicles
Domestic	51,132	36,786	39
Export	11,912	16,549	-28
Subtotal	63,044	53,335	18
Total (2W+CV)
Domestic	329,618	242,917	36
Export	141,570	152,321	-7
Total	471,188	395,238	19

Bajaj Pulsar range contributed the most to the company’s sales, with over 1.61 Lakhs units sold during the month. The total 2-wheeler sales witnessed 19% growth, with 4,08,144 units sold this month compared to 3,41,903 units sold in October 2022. However, exports fell 5% YoY, with 1,29,658 units exported last month compared to 1,35,772 units exported in October 2022.

Speaking of the domestic market, commercial vehicle sales also increased by 39%, with 51,132 units sold in October 2023 compared to 36,786 units sold in October 2022. This resulted in the company’s highest domestic CV sales. However, exports witnessed a fall of 28%, with 11,912 units exported last month compared to 16,549 units exported in October 2022. On a YoY basis, total CV sales improved by 18%, with 63,044 units sold compared to 53,335 units sold.

Particulars	APR-OCT’23	APR-OCT’22	Change %
2-Wheelers
Domestic	1,326,737	1,141,683	16
Export	852,320	1,066,412	-20
Subtotal	2,179,057	2,208,095	-1
Commercial Vehicles
Domestic	281,993	148,445	90
Export	91,498	123,356	-26
Subtotal	373,491	271,801	37
Total (2W+CV)
Domestic	1,608,730	1,290,1128	25
Export	943,818	1,189,768	-21
Total	2,552,548	2,479,896	3

Total 2W & CV sales witnessed a 19% YoY growth with 4,71,188 units sold. The domestic market witnessed a 36% YoY growth, with 3,29,618 units sold in October 2023. The domestic market witnessed the sale of 2,42,917 units in October 2022. However, exports witnessed a fall of 7%, with 1,41,570 units exported compared to 1,52,321 units exported YoY.

Bajaj Auto YTD Sales April-October 2023

There was a positive streak witnessed across 2-wheeler domestic sales on a YTD basis with 16% growth. The company sold 13,26,737 units in the April-October 2023 period compared to 11,41,683 units sold last year. However, two-wheelers exports witnessed a fall of 20%. The company exported 8,52,320 units in the April – October 2023 period compared to 10,66,412 units exported last year. On a YTD basis, total two-wheeler sales were down by 1%, with 21,79,057 units sold compared to 22,08,095 last year.

Bajaj Auto also witnessed growth of 90% in domestic CV sales, with 2,81,993 units sold in April-October 2023. The company sold 48,445 units in the same period of 2022. However, exports witnessed a fall of 26%, with 91,498 units exported in the first 7 months of 2023. The company exported 1,23,356 units in the April-October 2022 period. Overall, total CV sales ended positively, witnessing 37% growth with 3,73,491 units sold. The company sold 2,71,801 units in the 2022 period.

Total (2W + CV) sales in the domestic market witnessed a growth of 3% YoY, with 25,52,548 units in October 2023 compared to 24,79,896 units sold last year. This also marked higher domestic sales, witnessing 25% growth with 16,08,730 units sold. However, exports witnessed a fall of 21%, with 9,43,818 units exported in the April-October 2023 period. The company exported 11,89,768 units last year.

Till we get more updates about sales reports and new launches, read about Recently Unveiled Kawasaki 40th Anniversary Special Edition - Ninja ZX-4RR!

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