Bajaj Auto Records Cumulative Year-on-Year Sales Growth of 31% in November

Bajaj Auto recorded a combined sales of 4,03,003 units (two-wheelers and commercial vehicles) in November of this year, showing a 31% growth from the 3,06,719 units delivered at the same time in 2022. Taking the two-wheeler category into consideration, domestic market sales experienced a whopping growth of 77% to 2,18,597 units, an increase over 1,23,657 units delivered in the same month last year. In comparison to the previous year's shipment of 1,38,630 units in November, Bajaj exported 1,30,451 vehicles last month, registering a 6% decrease year-on-year. Overall, the sales of the 2W segment increased 33% to 3,49,048 units in the last month, which is a significant gain from 2,62,287 units sold in November 2022. Let's take a detailed look at the sales performance of Bajaj Auto Limited in the month of November. 

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Bajaj Auto Sales November 2023: Key Highlights 

Regarding total sales (2Ws and CVs), the company's domestic sales increased by 69% to 2,57,744 units from 1,52,883 units sold in November 2022. However, compared to 1,53,836 units exported in the same period last year, the international shipments fell 6% YoY to 1,45,259 units last month.

In the commercial sector, the firm's domestic year-on-year sales rose by 34% in the last month to 39,147 units, up from 29,226 units supplied in November of last year. The deliveries in overseas markets, on the other hand, fell by 3% in November 2023, to 14,808 units exported, compared to 15,206 units sold in the same month the previous year. However, overall CV sales surged by 21% to 53,955 units in November 2023, up from 44,432 units in the same period in 2022.

Bajaj Auto Sales November 2023: YTD (Year-to-Date Sales)

Bajaj Auto sold a total of 29,55,551 vehicles (2W + CV) (domestic + exports) between April and November of this year. In comparison, in the same period the previous year, it supplied 27,86,615 units.

In the local market, the sales of two-wheeler vehicles surged by 22% to 15,45,334 units, from 12,65,340 units delivered in 2022. During April and November of this year, the exports reduced by 18% to 9,82,771 units from 12,05,042 vehicles shipped in the same timeframe in the preceding year.

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On the other hand, the shipments of commercial vehicles in the domestic market during April and November 2023, surged substantially to 3,21,140 units, marking an 815 year-on-year growth over 1,77,671 vehicles delivered in the same time frame in 2022. The international shipments, however, lowered by 23% year-on-year, from 1,38,562 units exported in 2022 to 1,06,306 units in 2023.