Bajaj Auto sales remain flat in May 2024 at 3.55 lakh units

During the month, domestic sales of two-wheelers declined by 3% YoY to 1,88,340 units while exports grew by 4% YoY to 1,17,142 units. The domestic sales of commercial vehicles saw a growth of 9% YoY to 36,747 units while exports declined by 6% YoY to 13,094 units. The total domestic sales of the company declined by 1% YoY to 2,25,087 units while exports grew by 3% YoY to 1,30,236 units.

During the first two months of the current financial year, the company has witnessed an 8% YoY growth in its total sales to 7,43,579 units. The total sales of two-wheelers came in higher by 9% YoY at 6,47,271 units while the sale of commercial vehicles came in higher by 6% YoY at 96,308 units.

Two-wheelers saw an 8% YoY rise in domestic sales and a 10% rise in exports at 4,05,290 units and 2,41,981 units, respectively. Commercial vehicles saw a 6% YoY rise in domestic sales and exports at 68,880 units and 27,428 units, respectively.

Bajaj Auto’s total domestic sales grew 7% YoY to 4,74,170 units in the first two months of the current fiscal. Exports grew by 10% YoY to 2,69,409 units.

The company pointed out that its sales figures also include the sales of Chetak Technology, a wholly-owned subsidiary of the firm.

Shares of the company have risen by nearly 40% since the beginning of the year. The stock has gained over 98% in the last one year.