Bajaj Sales Report Sept’23- Total Sales Witnessed 1% of YoY Degrowth

The giant 2W & 3W manufacturer, Bajaj Auto, witnessed a minor YoY decline in September 2023. Absolute total sales witnessed a YoY de-growth of just 1%, while YTD de-growth for the same attribute was significantly lesser. The domestic CV market was where Bajaj Auto sales had the major growth in September 2023. 

The Bajaj Pulsar N150 was its most recent launch, click to know more details about the bike.
 

Bajaj Sales Report: September 2023

Bajaj is mainly prominent for its motorcycles & Chetak electric scooters. In september’23, the company sold 2,02,510 2W compared to 2,22,912 units sold last year. The numbers resulted in 9% of YoY degrowth with the loss of 20,402 units in volume. However, the sales was evened-out with 1,25,202 units exported compared to 1,25,443 units sold last year.

The YoY volume loss in 2W exports was registered at merely 241 units. In total, Bajaj sold 3,27,712 2W vehicles, witnessing the fall by 6% YoY compared to 3,48,355 units sold last year. Concerning the CVs, Bajaj sold 50,683 units last month, registering a 60% YoY growth. This turned out to be Bajaj’s highest–ever domestic sales. 

However, CV exports failed to reciprocate the same growth as domestic sales. Bajaj CV sales witnessed the fall by 3% with 14,162 units exported. In total, the company witnessed 40% of YoY growth in CV space with 64,846 units sold compared to 46,392 units sold in September’22. 
 

In total (2W + CV), 2,53,193 units were sold in the domestic market along with 1,39,365 units exported in the domestic & export market, respectively. These numbers totaled 3,92,558 units. However, exports and total witnessed a negligible decline in growth, registering 1% of de-growth as YoY analysis showed.  
 

YTD Sales Report: September’23

The YTD figures recorded in the Bajaj sales September 2023 charts are significantly profound as they provide a more complete picture of purchasing trends & patterns. In the 2W segment, 10,48,251 units were sold compared to 9,35,552 units sold last year, registering 12% of growth. Concerning the 2W exports, 7,22,662 units were exported by Bajaj. However, the numbers were lower compared to the units exported during the months of April & September 2022. 

In total, Bajaj;s YTD 2W sales witnessed a fall by 5% with 17,70,913 units sold compared to 18,66,192 units sold last year. It is evident in CV sales that Bajaj has taken decent strides & the domestic sales results are reflected below: 

Bajaj doubled the numbers with 2,30, 861 units sold compared to 1,11,659 units sold last year. Bajaj acquired 1,19,202 units in volume in domestic CV sales, registering 107%  of growth. However, CV exports fell by 25% with 79,586 units exported compared to 1,06,807 units exported last year.  

Total CV sales witnessed an impressive growth of 42% with 3,10,447 units sold. In total (2W + CV), 12,79,112 units were sold in the domestic market, witnessing 22% of growth. In addition, with 8,02,248 units exported, the export market witnessed the fall by 23%. However, the grand total almost managed to balance out with 20,81,360 units sold between April & September’23 compared to 20,84,658 units sold between April & September’22. 

Till we get more information about new launches, upgrades & sales report, read about the Bajaj's Ambitious Move to Enter Sub-Rs. 1 Lakh Price Range with The Sunny. 
 

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