Bajaj Auto’s Two-Wheeler Sales Soar by 28% in September 2024
Bajaj Auto has reported a significant rise in the sales of its two-wheelers for September 2024. Domestic sales increased by 28% year-on-year (YoY), with the company selling 2,59,333 units compared to 2,02,510 units during the same period last year.
In addition to strong domestic growth, Bajaj Auto also saw a substantial increase in its exports. The export of two-wheelers surged by 13% YoY, further boosting the company’s overall sales figures. As a result, the total sales of Bajaj two-wheelers, combining both domestic and export markets, grew by 22% in September, reaching 4,00,489 units. This is a notable increase from the 3,27,712 units sold during the same month last year.
Apart from its two-wheeler segment, Bajaj’s commercial vehicle business also posted positive growth. The overall sales of Bajaj’s commercial vehicles, including both domestic and export markets, saw a 6% rise. The company sold 69,042 commercial vehicles in September 2024, compared to 64,846 units in the same period last year. This steady performance highlights the resilience of the company’s commercial vehicle segment.
However, in the domestic market, Bajaj’s commercial vehicles recorded a more modest growth rate of 4% YoY. Despite the relatively slower growth in the commercial vehicle segment compared to two-wheelers, the company’s overall performance in September reflects its strong market presence and its ability to capitalize on both domestic and international demand.
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Bajaj Auto -: Bajaj Auto is an Indian company that makes motorcycles, scooters, and other vehicles. It is one of the largest manufacturers of two-wheelers in India.
Two-Wheeler -: A two-wheeler is a vehicle that has two wheels, like a motorcycle or a scooter. People use them for transportation.
Domestic Sales -: Domestic sales refer to the number of products sold within the country. In this case, it means the number of two-wheelers Bajaj Auto sold in India.
Exports -: Exports are goods sent to other countries for sale. Bajaj Auto sells its vehicles not just in India but also in other countries.
Commercial Vehicle -: A commercial vehicle is used for transporting goods or passengers for business purposes. Examples include trucks, buses, and auto-rickshaws.
Units -: Units refer to the number of individual items sold. Here, it means the number of two-wheelers and commercial vehicles sold by Bajaj Auto.