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Bajaj Auto Sales Report For June 2023 Witnesses Major Decline in Exports

CalenderPublished at July 4, 2023 by BikeJunction
Bajaj Auto Sales Report For June 2023 Witnesses Major Decline in Exports

Bajaj Auto, a leading automotive manufacturer, witnessed positive growth in the domestic sales of both two-wheelers & commercial vehicles (CV) while facing a significant decline in exports.

In June 2023, Bajaj Auto Limited reported a negative growth of 2% in total sales, combining two-wheelers & CVs in domestic markets & exports. The sales figures dropped to 340,981 units from 347,004 units sold in June 2022. Furthermore, there was a month-over-month (MoM) de-growth compared to the total sales of 355,148 units in May 2023.

Specifically, Bajaj Auto experienced a 7% year-over-year (YoY) decline in two-wheeler sales (domestic + exports) in June 2023. The sales figures decreased to 293,649 units, down from 315,948 units sold in June 2022. However, the performance in domestic markets was promising, showcasing a remarkable YoY growth of 33%, with 166,292 units sold in June 2023, compared to 125,083 units sold in June 2022.
 

ParticularsJune 2023June 2022Change %
2-WHEELERS   
Domestic 1,66,2921,25,08333
Exports1,27,3571,90,865-33
Sub-Total2,93,6493,15,948-7
COMMERCIAL VEHICLES   
Domestic33,69113,268154
Exports13,64117,788-23
Sub-Total47,33231,05652
TOTAL (2W+CV)   
Domestic1,99,9831,38,35145
Exports1,40,9982,08,653-32
TOTAL3,40,9813,47,004-2

 

Bajaj Auto 2W sales & exports June 2023

However, there was a significant decline of 33% in exports, with 127,357 units shipped in June 2023, compared to 190,865 units in June 2022. As a result, the total sales in this segment experienced a 7% decrease, reaching 293,649 units in June 2023, down from 315,948 units sold in June 2022.

Domestic sales in the commercial vehicle (CV) segment demonstrated remarkable growth of 154%. Sales stood at 33,691 units in the past month, a substantial increase from the 13,268 units sold in June 2022. However, exports experienced a decline of 23%, with 13,641 units shipped in June 2023, compared to 17,788 units in June 2022. Overall, total CV sales witnessed a significant percentage YoY growth of 52%, totalling 47,332 units in June 2023, compared to 31,056 units sold in June 2022. Combining both two-wheelers & CVs (domestic + exports), the total sales in June 2023 amounted to 340,981 units, reflecting a 2% YoY de-growth from the 347,004 units sold in June 2022.
 

ParticularsApril - June 2023April - June 2022Change %
2-WHEELERS   
Domestic 5,42,9313,14,41873
Exports3,46,3995,32,740-35
Sub-Total8,89,3308,47,1585
COMMERCIAL VEHICLES   
Domestic98,62538,418157
Exports39,45248,070-18
Sub-Total1,38,07786,48860
TOTAL (2W+CV)   
Domestic6,41,5563,52,83682
Exports3,85,8515,80,810-34
TOTAL10,27,4079,33,64610

 

Bajaj Auto YTD sales & exports April-June 2023

In terms of Year to Date (YTD) performance, domestic markets witnessed a substantial growth of 73% in two-wheeler sales. The sales reached 5,42,931 units in the YTD FY2023 period, compared to 3,14,418 units in FY2022. However, Bajaj Auto experienced a decrease in demand for the Bajaj Chetak electric scooter in June 2023, as the Government of India reduced FAME II subsidies from 40% to 15%.

On the export front, there was a significant decline of 35% in YTD FY2023, with sales amounting to 3,46,399 units, down from 5,32,740 units in the same period last year. Despite this, increased domestic sales led to a 5% improvement in the total YTD sales for the segment, reaching 8,89,330 units.

Both domestic sales & exports demonstrated growth in the commercial vehicle (CV) segment. YTD FY2023 saw a remarkable 60% increase in CV sales & exports, totalling 1,38,077 units, compared to 86,488 units sold in the FY2022 period. Domestic sales experienced a significant YoY growth of 157%, with 98,625 units sold, compared to 38,418 units in the previous year. However, exports witnessed an 18% decline, with 39,452 units shipped in YTD FY2023, down from 48,070 units in the same period last year. Overall, Bajaj Auto's domestic (6,41,556 units) & export (3,85,851 units) sales for two-wheelers & CVs (2W + CV) grew by 10%, reaching 10,27,407 units in the April-June 2023 period, compared to 9,33,646 units sold in the same period of 2022.

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