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Bajaj Auto achieves 11% year-on-year sales growth in July 2024, with significant increases in both two-wheeler and commercial vehicle segments, domestically and internationally.
Bajaj Auto has reported robust sales figures for July 2024, demonstrating growth across its two-wheeler and commercial vehicle segments on a year-on-year (YoY) and year-to-date (YTD) basis. Bajaj's total sales, including two-wheelers and commercial vehicles, reached 3,54,169 units in July 2024 marking an 11% increase compared to 3,19,747 units sold in July 2023. This growth was primarily driven by strong domestic demand, although there was a slight month-on-month decline from the 3,58,477 units sold in June 2024.
The two-wheeler segment showed significant growth in the domestic market:
The commercial vehicle segment also reported positive results:
Overall Sales Performance (July 2024):
Category |
Domestic |
Exports |
Total |
Two-Wheelers |
1,68,847 (+19%) |
1,28,694 (+1%) |
2,97,541 (+11%) |
Commercial Vehicles |
42,150 (+13%) |
14,478 (+6%) |
56,628 (+11%) |
Total |
2,10,997 (+18%) |
1,43,172 (+2%) |
3,54,169 (+11%) |
YTD Performance (April-July 2024):
Two-Wheeler Segment:
Commercial Vehicle Segment:
Overall YTD Performance:
The company's growth can be attributed to strong demand in both domestic and export markets. The two-wheeler segment, in particular, showed robust performance with a 19% increase in domestic sales. The commercial vehicle segment also contributed significantly to the overall growth, with a double-digit increase in domestic and export markets.
Bajaj Auto's new offering, the Bajaj Freedom, has garnered attention as the world's first CNG bike. The Freedom 125, available in three variants with petrol and CNG fuel options, claims a range of 330 km, potentially offering economical running costs for consumers.
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