Bajaj Auto Sales February 2024 – 2W and CV Sales Improve YoY and YTD

Bajaj Auto Limited has registered a 24 per cent year-on-year (YoY) increase in sales in February 2024. Growth was seen across both its two wheeler and commercial vehicle segments to 3,46,662 units last month, up from 2,80,226 units sold in February 2023. It was however, a MoM decline in total sales (2W + CV) from 3,56,010 units sold in January 2024.

Bajaj Auto YoY Sales February 2024

Taking into account two wheeler sales growth in the past month, sales in domestic markets improved by 42 percent YoY to 1,70,527 units in February 2024 from 1,20,335 units sold in February 2023. It was the company’s Pulsar range that boosted sales to this pitch. MoM sales however declined over 1,93,350 units sold in January 2024.

Exports of two wheelers also improved by 8 percent YoY to 1,24,157 units in the past month from 1,15,021 units shipped in February 2023. Again here it was a MoM de-growth from 1,14,898 units exported in January 2024. This tool total two wheeler sales to 2,94,684 units, up 25 percent YoY over 2,35,356 units sold in February 2023 relating to a 59,328 unit volume growth.

In the commercial vehicle segment, Bajaj Auto experienced 10 percent improved sales in domestic markets with 36,367 units sold in February 2024, up from 32,956 units sold in February 2023. There was also a 31 percent growth in exports which had stood at 11,914 units in February 2023 but improved to 15,611 units in the past month. Total commercial vehicle sales thus improved 16 percent YoY to 51,978 units in February 2024 from 44,870 units sold in February 2023.