Bajaj Auto: December Sales Surge by 16% YoY, Reaching 3.26 Lakh Units

Bajaj Auto, the renowned two and three-wheeler manufacturer, reported an increase in total sales for December 2023. The company sold a total of 3,26,806 units during this period, marking a 16% growth compared to the 2,81,514 units sold in December 2022.

Domestic market played an important role in this success, with Bajaj Auto witnessing a 28% increase in domestic sales, reaching 1,90,919 units compared to 1,48,583 units in the same month the previous year.

Bajaj Auto's international presence also contributed to the positive figures, as the total exports during December 2023 grew by 2%, totaling 1,35,887 units, compared to 1,32,931 units in December 2022.

Segment Wise Performance

In two-wheeler segment, Bajaj Auto reported total wholesales of 2,83,001 units, showcasing a 15% growth from 2,47,052 units. Domestic sales of two wheelers surged by 26%, reaching 1,58,370 units, while exports of two wheelers increased by 3% to 1,24,631 vehicles.

Bajaj Auto's commercial vehicle sales jumped 27% jump in December 2023, totaling 43,805 units, compared to 34,462 units in December 2022. This surge was primarily driven by a 41% growth in domestic sales, amounting to 32,549 units. However, exports of commercial vehicles witnessed a slight dip of 2%, totaling 11,256 units.

Looking at the bigger picture, Bajaj Auto had an impressive year in 2023, with total sales increasing by 7% to 32,82,357 units from 30,68,129 units in 2022. Domestic wholesale figures for the entire year spiked by 29%, reaching 20,57,393 vehicles compared to 15,91,594 vehicles in 2022. On the flip side, exports for the year declined by 17% YoY, totaling 12,24,964 units.

Final words

Over the last month, Bajaj Auto's stock has gone up by 11.64%. Looking back over the past 6 months, it shows an increase of 46.39%, and over the past year, stock rose 88.86%. Going even further back, the stock has surged by 146.86% over the last 5 years. This highlights a consistent upward trend in Bajaj Auto's stock performance.

Bajaj Auto's performance in 2023 showcases a commendable growth trajectory, driven by strong domestic and international sales across both two-wheeler and commercial vehicle segments.