Bajaj Auto posted a 22 percent drop in two-wheeler sales and exports in March 2022 to 2,56,324 units
Bajaj has reported a huge drop in domestic sales for March 2022. Bajaj Auto’s motorcycle range includes Pulsar, Platinum, CT, Dominar, Avenger, etc. They also offer the Chetak electric scooter.
Bajaj Auto Sales March 2022
Bajaj Auto Limited has seen two-wheeler sales fall in the past month. Two-wheeler sales were 2,56,324 units, down 22 percent from 3,30,133 units sold in March 2021. Domestic sales fell 41 percent to 1,07,081 units from 1,81,393 units sold in March 2021, while exports held steady at 1,49,243 units against 1,48,740 units shipped in March 2021.
Bajaj outperformed commercial vehicle sales with an increase of 4 percent year-over-year to 40,864 units last month, from 39,315 units sold in March 2021. Higher domestic sales led to a 15 percent growth with 19,671 units sold. were sold in March 2022 compared to up to 17,158 units sold in March 2021. Exports, on the other hand, decreased by 4 percent to 21,193 units, from 22,157 units sold in March 2021.
Total sales of two-wheelers (1,26,752 units) and CV (1,70,436 units) fell 20 percent year-on-year to 2,97,188 units in March 2022, compared to 3,69,448 units sold in the same month of the previous year. Here too, domestic sales fell by 36 percent, while exports remained flat.
Bajaj Auto sales so far
The company’s YTD sales (two-wheelers and CVs) grew 8 percent in March 2022. Total sales, including two-wheelers and commercial vehicles, were 43,08,433 units in the period from April to March 2022, an increase of 8 percent from 39,72,914 units sold in the period from April to March 2021.
Domestic two-wheeler sales fell 9 percent to 16,41,084 units from 18,09,375 units sold in the period from April to March 2021, while exports increased 22 percent to 21,95,772 units from 17,96,292 units YTD.
CV sales outperformed both domestic and export. Domestic sales rose 47 percent to 1,60,723 units, from 1,09,292 units. Exports, on the other hand, grew 21 percent to 3,10,854 units, from 2,57,729 units shipped in the period April to March 2021. Total CV sales were 4,71,577 units, up 28 percent from 3,67,021 units sold in the April to March 2021 period.
Domestic sales of two-wheelers and CVs declined 6 percent YTD to 18,01,807 units from 19,18,667 units sold in April to March 2021, while exports increased 22 percent to 25,06,626 units from 20,54,247 units sold in the same period last year.
Bajaj Auto Upcoming Plans
Bajaj Auto Limited has ambitious plans for the coming years, especially in the range of electric vehicles. The company aims to expand its range of electric scooters under the Chetak sub-brand by introducing a new EV every year for the next 3-5 years. Bajaj has confirmed an investment of Rs 300 crores to roll out 5 lakh electric vehicles per year.
The company aims to roll out 50,000 electric vehicles in fiscal year 2022-23, up from just 8,000 units in the current fiscal year. Bajaj Auto Limited has also developed products in partnership with Yulu, an urban mobility startup in Bengaluru.