Bajaj Auto Limited reported a 5% year-on-year growth in total sales for November 2024, reaching 4,21,640 units, compared to 4,03,003 units in the same month last year. The robust performance was primarily driven by strong export growth, which offset domestic sales challenges.
November 2024 Sales Highlights
Two-Wheelers:
- Domestic sales: 2,03,611 units (-7% YoY from 2,18,597 units).
- Exports: 1,64,465 units (+26% YoY from 1,30,451 units).
- Total two-wheeler sales: 3,68,076 units (+5% YoY).
Commercial Vehicles:
- Domestic sales: 37,243 units (-5% YoY from 39,147 units).
- Exports: 16,321 units (+10% YoY from 14,808 units).
- Total commercial vehicle sales: 53,564 units (-1% YoY).
Overall Performance:
- Domestic sales: 2,40,854 units (-7% YoY).
- Exports: 1,80,786 units (+24% YoY).
Year-to-Date (April-November 2024) Performance
- Total sales: 32,24,907 units (+9% YoY).
- Domestic sales: 20,12,017 units (+8% YoY).
- Exports: 12,12,890 units (+11% YoY).
Management Commentary
Rakesh Sharma, Executive Director, highlighted that strong export performance drove growth, helping the company overcome challenges in the domestic market. The contribution from Chetak Technology Limited, Bajaj Auto’s wholly-owned subsidiary, further supported the sales momentum.
Market Reaction
Bajaj Auto’s stock rose 1.29% to ₹9,149.85 as investors reacted positively to the sales data and strong export growth.
Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Stock market investments are subject to market risks. Always conduct your own research or consult a financial advisor before making investment decisions.
