Bajaj Auto saw its August sales rise 16% year-on-year and 13% month-on-month, with its two-wheeler segment continuing to lead, while all segments reported growth between 5% and 24% year-on-year, the automaker said in an exchange filing on September 2.
The automaker posted strong monthly sales, well above estimates which were pegged at 10% YoY and 11% MoM at 3.75 lakh units. The company posted total sales of 3.97 lakh units as against 3.41 lakh units in August 2023 and 3.54 lakh units in July 2024.
Domestic two-wheelers alone saw a 30% year-on-year growth in August, while exports during the month grew by just 2%.
| August 24th | August 23 | July 24th | Year after year | Mother | |
| Bajaj car | |||||
| Total | 397804 | 341648 | 354169 | 16% | 12.3% |
| Domestic | 253827 | 205100 | 210997 | 24% | 20.3% |
| Exports | 143977 | 136548 | 143172 | 5% | 0.6% |
| Two-wheeled vehicle | 335178 | 285031 | 297541 | 18% | 12.6% |
| Three-wheeled vehicle | 62626 | 56617 | 56628 | 11% | 10.6% |
From April to August 2024, Bajaj Auto’s total sales were up 10% over the same period in 2023. While domestic two-wheelers saw a 14% growth during the five-month period, exports were up 4%. However, in the commercial vehicle space, export growth of 15% outpaced the domestic increase of 10% so far this fiscal.
Read also: Bajaj Auto aims to sell 40,000 CNG motorcycles per month by January 2025
Following the August auto sales data, Bajaj Auto shares were trading 1.61% higher at ₹11,066.70 on NSE at 11:52 am. On a year-to-date (YTD) basis, the auto stock has boosted investors’ wealth by 65%, outperforming the Nifty Auto sectoral index’s 40% gain during the period.
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