Bajaj Auto, one of the leading automobile manufacturers in India, has reported a significant 25% year-on-year growth in its total vehicle wholesales, including exports, for March 2024. This marks a substantial rise from the 2,91,567 units sold in March 2023.
A Closer Look at the Numbers
The Pune-based automaker sold a total of 3,65,904 units in March 2024. This includes a significant 27% increase in two-wheeler sales, reaching 3,13,885 units. The company’s domestic sales, including commercial vehicles, rose by 18% to 2,20,393 unit. This is a notable increase compared to the 1,86,522 units sold in the same month last year.
Exports on the Rise
Bajaj Auto’s total exports during March 2024 rose by an impressive 39% to 1,45,511 units. This is a significant increase from the 1,05,045 vehicles that were shipped to overseas markets in March 2023.
A Successful Fiscal Year
For the fiscal year ending March 31, 2024, Bajaj Auto reported wholesales of 4,350,933 units. This represents an 11% increase over the 3,927,857 units in the 2022-23 fiscal. Domestic dispatches to dealers rose by 29% to 2,714,723 units in FY24. However, exports declined by 10% last fiscal at 1,636,210 units from 1,821,240 units of two-wheelers and commercial vehicles in FY23.
Here’s a comparison of Bajaj Auto’s performance in March 2023 and March 2024:
| Metric | March 2023 | March 2024 |
|---|---|---|
| Total Vehicle Wholesales | 2,91,567 units | 3,65,904 units |
| Domestic Sales (including commercial vehicles) | 1,86,522 units | 2,20,393 units |
| Exports | 1,05,045 units | 1,45,511 units |
This table clearly shows the impressive performance of Bajaj Auto in March 2024 and the fiscal year ending March 2024 underscores the company’s strong market position and its ability to navigate the challenges of the automotive industry. The significant growth in domestic sales and exports highlights the company’s robust business strategy and its commitment to delivering high-quality vehicles to its customers in India and around the world.
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