Bajaj Auto's festive cheer dampened! Two-wheeler sales down, exports rise in October

Bajaj Auto's two-wheeler sales declined by 8 percent in the domestic market in October 2024. During the festive month, Bajaj Auto sold 2.55 lakh 2-wheelers compared to 2.78 lakh in the same month last year. However, the exports witnessed a year-on-year rise of 22 percent.

Bajaj exported 1.58 lakh two-wheelers compared to 1.29 lakh in October 2023. Overall, the maker of Pulsar bike sold 4.14 lakh two-wheelers in October 2024.

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The company's two-wheeler sales in H1 FY25 (April-October) stood at 14.75 lakh--an 11 percent increase year to date. The company's 2-wheeler export in the first six months of 2024 climbed by 8 percent to 9.23 lakh.

'Commercial vehicles sale'

Bajaj Auto reported a six percent decline in commercial vehicle sales in October 2024. The company sold 47,922 CVs in October this year compared to 51,132 in the same month of 2023.

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However, in H1 2024, the CV sales of Bajaj Auto increased by 5 percent to 2.95 lakh compared to 2.81 lakh in H1 2023.

'Muted sales'

Bajaj Auto has registered only a 2 percent increase in vehicle sales (both two-wheelers and CVs) at 4.79 lakh during the festive month of 2024. Between April and October, the company sold 28.03 lakh vehicles, posting a 10 percent rise compared to 25.52 lakh in H1 2023. Bajaj Auto's shares declined by 4.12 percent on Monday at 9:54 am, trading at Rs 9,457.80 on the Bombay Stock Exchange (BSE).