Bajaj Auto has once again established its dominance among bike buyers. And a big news is coming out that the month of November 2024 was very good for Bajaj Auto. Because in just 30 days, Bajaj sold 4.21 lakh bikes! Not only this, there was also an increase of 5% in sales on an annual basis. So let’s know whether this growth will continue in the future?
Bajaj Auto showed its strength again
Bajaj Auto sold its two-wheelers and commercial vehicles (2W+CV) tremendously in November. There was a slightly cold response in the domestic market, but exports completely covered this shortcoming. Especially the Bajaj Pulsar N125 attracted a lot of customers.
Total sales account
Bajaj Auto has sold a total of 4,21,640 vehicles in November 2024. And moreover, in November 2023 last year, this figure was 4,03,003 units. In this way, a growth of 5% was seen on an annual basis.
Two-wheelers (2W):
- Domestic market: This segment declined by 7%. 2,18,597 units were sold in November 2023, while this year this figure has come down to 2,03,611 units.
- Exports: Exports saw a spectacular 26% jump. While 1,30,451 units were dispatched in November 2023, 1,64,465 units were exported this year.
- Total sales: Overall two-wheeler sales reached 3,68,076 units, up 5% from last year.
Commercial vehicles (CV):
- Domestic market: The CV segment has also seen a decline of 5% in domestic sales. While the company sold 39,147 units in November 2023, this year this figure has come down to 37,243 units.
- Exports: Exports saw a growth of 10%. 14,808 units were exported in November 2023, while 16,321 units were sold this year.
- Total Sales: Overall CV sales stood at 53,564 units.
| Segment | Domestic Sales | Exports | Total Sales |
|---|---|---|---|
| Two-Wheelers (2W) | 2,03,611 | 1,64,465 | 3,68,076 |
| Commercial Vehicles (CV) | 37,243 | 16,321 | 53,564 |
| Total (2W + CV) | 2,40,854 | 1,80,786 | 4,21,640 |
Bajaj Pulsar N125 won
Bajaj Pulsar N125, launched in November, gave Bajaj’s sales a new height. Its style, mileage and performance attracted the youth a lot. It is believed that this bike will boost the company’s sales further in the coming months.
Exports handled the situation
Despite a slight decline in domestic sales, exports took over. Bajaj bikes were in great demand especially in countries like Africa and Latin America.
Growth of April-November 2024
- The company’s performance was also very good in this financial year (April-November 2024).
- Two-wheelers (2W): During this period, 27.66 lakh units were sold, which is 9% more than last year.
- Exports: Exports grew by 11%.
- Total sales: Between April and November, the company sold 32.24 lakh units, which is 8% more than last year.
Will this growth continue in future?
Bajaj Auto showed in November 2024 how strong a player it is in the Indian market. Due to the increasing popularity of Bajaj Pulsar N125 and the steady growth in exports, the company can present even bigger figures in the coming months.
It can be said that Bajaj Auto has ended this year on a strong note. Now it remains to be seen whether the company makes new records in 2025 or not.