Bajaj Auto, which has not been having the best of years, reported yet another decline in motorcycle sales in India for August.
However, overall sales of two-wheelers were up 1% due to a 7% jump in export volumes.
The company sold 1.72 lakh two-wheelers in August in India, down from 1.75 lakh in the same month a year ago. This was comparatively better than the company’s performances in recent months. For the year so far, total two-wheeler sales are down 15%.
Exports of two-wheelers were at 1.12 lakh compared to 1.05 lakh in the same month last year.
THREE WHEELERS
The company’s performance in the three-wheeler segment was better, with a total growth of 13%.
Domestic sales of its auto rickshaws jumped 13% on year to 28,995 vehicles in the month compared to 25,595 in the year-ago period. For the year so far, total sales of three-wheelers in India is down 17%.
Exports increased 12% to 22,175.
Including both two- and three-wheelers, Bajaj Auto had flat sales of 2 lakh units for the month in India and a 7% growth in exports at 1.34 lakh.
Bajaj Auto manufactures and sells motorcycles, scooters and auto rickshaws.
It is a part of the Bajaj Group and was founded by Jamnalal Bajaj in Rajasthan in the 1940s.
It is based in Pune, Mumbai, with plants in Chakan, Waluj near Aurangabad and Pantnagar in Uttarakhand.
The oldest plant at Akurdi (Pune) now houses the R&D centre ‘Ahead’.
Bajaj Auto is one of the world’s largest manufacturers of motorcycles. It is the world’s largest three-wheeler manufacturer.