Bajaj Auto, the country’s biggest two-wheeler exporter, reported a jump of 8% in its April exports, and an increase of 3% in domestic sales.
Overall, the company’s total sales for the month were up 2%.
Bajaj sold 2.05 lakh motorcycles in India during April and exported over 1.68 lakh. The company reported its highest ever exports during the month.
However, the performance is well below from what was seen in previous months.
For example, Bajaj Auto’s domestic sales rose 27% to 2.59 lakh units in March.
The company was also able to report a growth of 25% in total sales for the financial year 2018-19, that ended in March. Both the domestic sales and exports grew by 25% in FY 2018-19.
However, the performance is far better than the 17.2% decline reported by India’s biggest car maker Maruti Suzuki for the first month of the current financial year.
Unlike competitors like TVS Motor and Honda Motorcycle, Bajaj Auto does not make scooters, a segment that has helped competitors overtake Bajaj Auto in terms of overall sales.
Besides two-wheelers, Bajaj Auto also makes three-wheelers or auto- rickshaws, a market where it has a share of over 50%.
The performance of three-wheelers in April too has been well below from previous months.
The company reported a decline of 9% in the domestic sales of three-wheelers and a decrease of 16% in the exports. Overall, the sales of commercial vehicles dipped by 13% to 57,047 units in April.
Bajaj Auto Ltd, part of the Bajaj Group manufactures motorcycles and auto rickshaws. Headquartered in Pune, it is the world’s third-largest manufacturer of motorcycles and the second-largest in India.