Bajaj Auto’s exports, which include both motorcycles and commercial vehicles, fell by 15% compared to last July.
Bajaj Auto, one of India’s largest two-wheeler makers, recorded a slight decline in sales in July. Bajaj said last month that he sold 3,15,054 of his 3,30,569 two-wheelers the company sold in the same period last year. His 5% decline in overall motorcycle sales is due to his 15% decline in sales last month. Along with sales, the two-wheeler maker, which also sells commercial vehicles, reported a sharp drop in exports as well.
Of the 3,15,054 motorcycles shipped by Bajaj Auto last month, the company sold 1,64,384 to customers in India last month. This is about 14% less than the amount the company sold in July last year.In exports, which include both motorcycles and commercial vehicles, Bajaj Auto recorded 1,50,670 units compared with 1,74,337 in the same month last year. and decreased by about 15%.
In June of this year, Bajaj The total sales volume of automobile motorcycles including exports was 3,15,948 units. This was a 2% increase compared to his 3,10,578 in the same month last year. However, domestic motorcycle sales fell by 20% to 1,25,083, compared with his 1,55,640 in June 2021.
The only silver lining for Bajaj Auto was commercial vehicle sales. The company posted his 3% gain last month at 39,616 units. Last July, Bajaj Auto sold 38,547 commercial vehicles to the domestic and export markets combined.
Bajaj Auto recently revealed plans to enter the electric motorcycle segment in India.We aim to work with our Austrian partners KTM Introduce high-end electric motorcycles to the domestic market. When the company finally decides to launch, the new electric bike will be the newest addition to its fleet of two-wheelers.
First issue date: August 1, 2022 at 12:20 PM IST
https://auto.hindustantimes.com/auto/two-wheelers/bajaj-auto-sees-marginal-drop-in-sales-significant-drop-in-exports-too-41659335575162.html Bajaj Auto’s sales fell slightly and exports fell sharply