Bajaj Auto October 2023: Total Sales Growth 19% YoY, Export Declined!

Published at November 3, 2023 By BikeJunction Team

In October 2023, Bajaj Auto saw a noteworthy surge in total domestic sales. However, exports witnessed a decline. The company reported a 19% YoY growth in total sales (2W+CV) for October, while YTD sales also increased by 3% during April-October 2023.

Bajaj Auto YoY Sales October 2023

Bajaj Auto Limited sold a total (2W+CV) of 4,71,188 units in October 2023 compared to 3,95,238 units sold in October 2022. This improvement in sales resulted in a 19% YoY growth. Speaking of only two-wheeler sales, the company sold 2,78,486 units last month as opposed to 2,06,131 units sold in October 2022, resulting in 35% growth. In addition, the company witnessed a MoM growth compared to 2,02,510 units sold in September 2023.

Particulars	OCT’23	OCT’22	Change %
2-Wheelers
Domestic	278,486	206,131	35
Export	129658	135,772	-5
Subtotal	408,144	341,903	19
Commercial Vehicles
Domestic	51,132	36,786	39
Export	11,912	16,549	-28
Subtotal	63,044	53,335	18
Total (2W+CV)
Domestic	329,618	242,917	36
Export	141,570	152,321	-7
Total	471,188	395,238	19

Bajaj Pulsar range contributed the most to the company’s sales, with over 1.61 Lakhs units sold during the month. The total 2-wheeler sales witnessed 19% growth, with 4,08,144 units sold this month compared to 3,41,903 units sold in October 2022. However, exports fell 5% YoY, with 1,29,658 units exported last month compared to 1,35,772 units exported in October 2022.

Speaking of the domestic market, commercial vehicle sales also increased by 39%, with 51,132 units sold in October 2023 compared to 36,786 units sold in October 2022. This resulted in the company’s highest domestic CV sales. However, exports witnessed a fall of 28%, with 11,912 units exported last month compared to 16,549 units exported in October 2022. On a YoY basis, total CV sales improved by 18%, with 63,044 units sold compared to 53,335 units sold.

Particulars	APR-OCT’23	APR-OCT’22	Change %
2-Wheelers
Domestic	1,326,737	1,141,683	16
Export	852,320	1,066,412	-20
Subtotal	2,179,057	2,208,095	-1
Commercial Vehicles
Domestic	281,993	148,445	90
Export	91,498	123,356	-26
Subtotal	373,491	271,801	37
Total (2W+CV)
Domestic	1,608,730	1,290,1128	25
Export	943,818	1,189,768	-21
Total	2,552,548	2,479,896	3

Total 2W & CV sales witnessed a 19% YoY growth with 4,71,188 units sold. The domestic market witnessed a 36% YoY growth, with 3,29,618 units sold in October 2023. The domestic market witnessed the sale of 2,42,917 units in October 2022. However, exports witnessed a fall of 7%, with 1,41,570 units exported compared to 1,52,321 units exported YoY.

Bajaj Auto YTD Sales April-October 2023

There was a positive streak witnessed across 2-wheeler domestic sales on a YTD basis with 16% growth. The company sold 13,26,737 units in the April-October 2023 period compared to 11,41,683 units sold last year. However, two-wheelers exports witnessed a fall of 20%. The company exported 8,52,320 units in the April – October 2023 period compared to 10,66,412 units exported last year. On a YTD basis, total two-wheeler sales were down by 1%, with 21,79,057 units sold compared to 22,08,095 last year.

Bajaj Auto also witnessed growth of 90% in domestic CV sales, with 2,81,993 units sold in April-October 2023. The company sold 48,445 units in the same period of 2022. However, exports witnessed a fall of 26%, with 91,498 units exported in the first 7 months of 2023. The company exported 1,23,356 units in the April-October 2022 period. Overall, total CV sales ended positively, witnessing 37% growth with 3,73,491 units sold. The company sold 2,71,801 units in the 2022 period.

Total (2W + CV) sales in the domestic market witnessed a growth of 3% YoY, with 25,52,548 units in October 2023 compared to 24,79,896 units sold last year. This also marked higher domestic sales, witnessing 25% growth with 16,08,730 units sold. However, exports witnessed a fall of 21%, with 9,43,818 units exported in the April-October 2023 period. The company exported 11,89,768 units last year.

Till we get more updates about sales reports and new launches, read about Recently Unveiled Kawasaki 40th Anniversary Special Edition - Ninja ZX-4RR!

Are you searching for a new bike? Explore bikejunction & compare your choice of bike, we will help you out with a bike loan. Select your bike according to category and other specifications on Bike Junction with just one click. Follow our news section or Social Media handles to get the latest news & updates related to the bike industry in India.

Follow us for Latest Bike Industry Updates
Facebook - https://bit.ly/BikeJunction_offl_fb
Instagram - https://bit.ly/BikeJunction_ofl_insta
Twitter - https://bit.ly/BikeJunction_ofl_twitter