Ad
Ad
Bajaj Auto reports strong sales growth in July 2023, driven by the demand for its motorcycles and electric scooters. Read more from the company’s performance analysis and future plans.
Bajaj Auto, one of the leading two-wheeler manufacturers in India, has reported a strong sales growth of 33% year-on-year (Y-O-Y) in July 2023. The company sold 166,292 units in July 2023, compared to 125,083 units in July 2022. The growth was driven by the demand for its motorcycles, especially the Pulsar and KTM brands. The company also witnessed a significant increase in its electric scooter sales, with the Chetak model registering a 187% Y-O-Y growth.
Model | Segment | July-23 | July-22 | Y-O-Y Growth (%) | July-23 | June-23 | M-O-M Growth (%) |
---|---|---|---|---|---|---|---|
Platina | Motorcycle | 36,550 | 27,732 | 32% | 36,550 | 42,154 | -13% |
CT 100 cc | Motorcycle | 4,608 | 2,413 | 91% | 4,608 | 4,270 | 8% |
CHETAK (ELECTRIC) | EV Scooter | 7,080 | 2,469 | 187% | 7,080 | 9,208 | -23% |
Yulu | EV Scooter | 51 | 0 | - | 51 | 127 | -60% |
CT 125 cc | Motorcycle | 1,752 | 0 | - | 1,752 | 1,845 | -5% |
Duke 125 cc | Motorcycle | 276 | 1 | 27500% | 276 | 292 | -5% |
Pulsar 125 cc | Motorcycle | 67,134 | 51,554 | 30% | 67,134 | 87,071 | -23% |
Pulsar 150 cc | Motorcycle | 16,628 | 16,976 | -2% | 16,628 | 19,034 | -13% |
Aven er 180 cc | Motorcycle | 1,447 | 4828 | -70% | 1,447 | 1,612 | -10% |
Pulsar 180 + 200 NS | Motorcycle | 16,296 | 14802 | 10% | 16,296 | 16,155 | 1% |
(TM Duke 200 cc | Motorcycle | 2,723 | 767 | 255% | 2,723 | 2,324 | 17% |
Pulsar 220 cc | Motorcycle | 7,150 | 391 | 1729% | 7,150 | 6,143 | 16% |
Aven er 220 cc | Motorcycle | 629 | 2,108 | -70% | 629 | 932 | -33% |
KTM Duke 250 cc | Motorcycle | 1,361 | 218 | 524% | 1,361 | 1,384 | -2% |
HUSQVARNA | Motorcycle | 66 | 4 | 1550% | 66 | 41 | 6 |
DOMINAR 250 | Motorcycle | 509 | 232 | 119% | 509 | 519 | -2% |
DOMINAR 400 | Motorcycle | 627 | 214 | 193% | 627 | 583 | 8% |
KTM Duke 390 cc | Motorcycle | 1,405 | 374 | 276% | 1,405 | 1,117 | 26% |
Total | 166,292 | 125,083 | 33% | 166,292 | 194,811 | -15% |
The company’s motorcycle segment sold 158,161 units in July 2023, up by 35% from 117,614 units in July 2022. The Pulsar brand was the best-selling motorcycle for Bajaj Auto, with 91,208 units sold in July 2023, up by 28% from 71,723 units in July 2022. The Pulsar 125 cc was the most popular model, with 67,134 units sold in July 2023, up by 30% from 51,554 units in July 2022. The Pulsar 220 cc also saw a huge jump of 1729% Y-O-Y, with 7,150 units sold in July 2023, compared to only 391 units in July 2022.
The KTM brand also performed well for Bajaj Auto, with 5,765 units sold in July 2023, up by 374% from 1,216 units in July 2022. The KTM Duke models were the most sought-after, with the Duke 125 cc selling 276 units in July 2023, up by a whopping 27500% from only one unit in July 2022. The Duke 390 cc also saw a strong growth of 276%, with 1,405 units sold in July 2023, compared to only 374 units in July 2022.
The company’s electric scooter segment sold 7, 131 units in July 2023, up by 188% from 7, 469 units in July 2022. The Chetak model was the main contributor to this growth, with 7, 080 units sold in July 2023, up by 187% from 2, 469 units in July 2022. The Chetak is a premium electric scooter that offers a range of 95 km on a single charge and a top speed of 70 kmph. The company also launched a new electric scooter brand called Yulu, which sold only 51 units in July 2023.
The company’s month-on-month (M-O-M) sales growth was negative, however, with a decline of 15% from 194, 811 units in May 2023 to 166, 292 units in July 2023. This was mainly due to the seasonal factors and the impact of the second wave of the COVID-19 pandemic on the consumer sentiment and demand. The company expects to recover its sales momentum in the coming months as the vaccination drive accelerates and the lockdown restrictions ease.
Do give it a read on our latest sales analysis on overall 2 wheelers category, Honda 2 wheelers, Ather and Royal Enfield, for July 2023.
Bajaj Auto is one of the largest exporters of two-wheelers in India, with a market share of over 50% in Africa and over 40% in Latin America. The company exports its products to over 70 countries across the world. In July 2023, the company exported 98, 596 units, up by 27% from 77, 787 units in July 2022.
Bajaj Auto is also planning to launch new models and variants of its existing products to cater to the changing preferences and needs of the customers. The company has recently introduced the Platina Comfort with LED DRLs and electric start, the CT100 KS Alloy with electric start, and the CT125 KS Alloy with electric start. The company is also working on developing new electric and hybrid vehicles for the future.
MG Astor Facelift Incoming? Astor-Based Hybrid VS SUV Spotted on Indian Roads; Check Details
MG Motors is testing the upcoming facelift version of the Astor, with a new VS SUV spotted without camouflage. The VS, an Astor-based hybrid SUV, rivals the Creta and Seltos. Sporting a sporty design, it features a 1.5-liter petrol engine generating 175 bhp and 142 Nm of torque, paired with a CVT gearbox.
21-May-2024 10:13 AM
Read Full NewsMG Astor Facelift Incoming? Astor-Based Hybrid VS SUV Spotted on Indian Roads; Check Details
MG Motors is testing the upcoming facelift version of the Astor, with a new VS SUV spotted without camouflage. The VS, an Astor-based hybrid SUV, rivals the Creta and Seltos. Sporting a sporty design, it features a 1.5-liter petrol engine generating 175 bhp and 142 Nm of torque, paired with a CVT gearbox.
21-May-2024 10:13 AM
Read Full NewsKTM Launches 2024 200 Duke and 250 Duke with Exciting New Colors
Discover the 2024 KTM 200 Duke and 250 Duke motorcycles in fresh, eye-catching colors. Experience the thrill of the ride with these exciting new additions.
21-May-2024 10:05 AM
Read Full NewsKTM Launches 2024 200 Duke and 250 Duke with Exciting New Colors
Discover the 2024 KTM 200 Duke and 250 Duke motorcycles in fresh, eye-catching colors. Experience the thrill of the ride with these exciting new additions.
21-May-2024 10:05 AM
Read Full NewsBYD Seal Electric Sedan Achieves Over 1,000 Bookings Within 3 Months Of Its Launch
The BYD Seal is available in India in three variants. These include the base variant dynamic, the mid variant premium, and the top end variant performance.
21-May-2024 10:04 AM
Read Full NewsBYD Seal Electric Sedan Achieves Over 1,000 Bookings Within 3 Months Of Its Launch
The BYD Seal is available in India in three variants. These include the base variant dynamic, the mid variant premium, and the top end variant performance.
21-May-2024 10:04 AM
Read Full NewsMercedes Benz Maybach GLS 600 and AMG S63 India Debut Tomorrow; Details
Mercedes-Benz will debut the 2024 Maybach GLS 600 and AMG S63 E Performance sedans in India on May 22. The Maybach GLS 600 features exterior and interior upgrades, while the AMG S63 offers enhanced performance and advanced features, aligning with Mercedes' plan to launch 9 new vehicles in India in 2024.
21-May-2024 06:06 AM
Read Full NewsMercedes Benz Maybach GLS 600 and AMG S63 India Debut Tomorrow; Details
Mercedes-Benz will debut the 2024 Maybach GLS 600 and AMG S63 E Performance sedans in India on May 22. The Maybach GLS 600 features exterior and interior upgrades, while the AMG S63 offers enhanced performance and advanced features, aligning with Mercedes' plan to launch 9 new vehicles in India in 2024.
21-May-2024 06:06 AM
Read Full NewsJeep Meridian 2024 Facelift Spotted With ADAS While Being Tested
The 2024 Jeep Meridian facelift has again been spotted with ADAS hardware visible. Here's everything you need to know.
20-May-2024 11:37 AM
Read Full NewsJeep Meridian 2024 Facelift Spotted With ADAS While Being Tested
The 2024 Jeep Meridian facelift has again been spotted with ADAS hardware visible. Here's everything you need to know.
20-May-2024 11:37 AM
Read Full NewsMahindra Scorpio N, Thar and Bolero Neo Receive Significant Price Hike; Check New Prices
Mahindra has raised prices for its popular SUVs due to high demand. The Scorpio N now costs up to Rs. 25,000 more, starting at Rs. 13.85 lakh. The Thar has increased by Rs. 14,000, starting at Rs. 11.35 lakh. The Bolero Neo's starting price is now Rs. 9.94 lakh.
20-May-2024 09:59 AM
Read Full NewsMahindra Scorpio N, Thar and Bolero Neo Receive Significant Price Hike; Check New Prices
Mahindra has raised prices for its popular SUVs due to high demand. The Scorpio N now costs up to Rs. 25,000 more, starting at Rs. 13.85 lakh. The Thar has increased by Rs. 14,000, starting at Rs. 11.35 lakh. The Bolero Neo's starting price is now Rs. 9.94 lakh.
20-May-2024 09:59 AM
Read Full NewsAd
Ad
Maruti Swift
₹ 6.49 - 9.64 Lakh
Isuzu V-Cross
₹ 21.20 - 30.96 Lakh
BMW M4 Competition
₹ 1.53 Cr
Force Motors Gurkha
₹ 16.75 - 18.00 Lakh
Skoda Kushaq
₹ 11.99 - 20.49 Lakh
Mercedes-Benz Maybach GLS 2024
₹ 3.00 Cr
Mercedes-Benz AMG S 63
₹ 3.00 Cr
Kia EV9
₹ 80.00 Lakh
Audi A3 2024
₹ 35.00 Lakh
Hyundai Kona Electric 2024
₹ 23.75 Lakh
Ad
Ad
Ad