Bajaj Auto Accelerates Past Expectations: July Sales Surge to 3.66 Lakh Units

Image Source : Moneycontrol

Bajaj Auto has kicked off the second half of 2024 with a powerful performance, reporting total sales of 3,66,000 units in July. This marks a robust 11% year-on-year growth, underscoring the company’s resilience and strategic momentum in both domestic and international markets. The figures reflect a strong demand curve across two-wheelers and commercial vehicles, despite broader industry challenges.

Key Highlights from July 2024:

Total Sales Performance
Bajaj Auto sold 3,66,000 units in July 2024, up from 3,19,747 units in July 2023
This 11% YoY growth signals a healthy uptick in consumer sentiment and operational efficiency
Two-Wheeler Segment
Total two-wheeler sales reached 2,97,541 units, registering an 11% increase over last year
Domestic two-wheeler sales surged 19% to 1,68,847 units, compared to 1,41,990 units in July 2023
Export volumes in this segment rose marginally by 1%, totaling 1,28,694 units
Commercial Vehicle Segment
CV sales climbed to 56,628 units, also reflecting an 11% YoY growth
Domestic CV sales grew 13% to 42,150 units
Exports of CVs increased by 6%, reaching 14,478 units
Domestic vs Export Dynamics
Domestic sales overall rose 18% to 2,10,997 units
Export sales saw a modest 2% rise, totaling 1,43,172 units
The domestic market continues to be the primary growth engine, driven by rising rural demand and urban mobility needs
Product Spotlight: Bajaj Freedom CNG Bike
The newly launched Bajaj Freedom, the world’s first CNG-powered motorcycle, has received an enthusiastic response
Offered in three variants, it boasts a combined range of 330 km and promises significant fuel savings
This innovation is expected to further boost Bajaj’s domestic traction in the coming months
Year-to-Date Momentum (April–July 2024)
Two-wheeler domestic sales for the April–July period rose 10% to 7,51,344 units
Exports in the same segment increased 5%, totaling 4,97,114 units
Commercial vehicle sales also saw a 10% rise, with domestic volumes at 1,50,274 units and exports at 57,493 units

Market Sentiment and Strategic Outlook:

Bajaj Auto’s July performance reflects not just operational strength but also strategic foresight. The company’s ability to grow across segments and geographies—while introducing innovative products like the Bajaj Freedom—positions it well for sustained momentum. With rural demand showing signs of revival and urban markets embracing fuel-efficient alternatives, Bajaj Auto is likely to maintain its upward trajectory.

Source: RushLane, Business Standard, Autocar Professional