Bajaj Auto December sales grow 16% YoY to 3.26 lakh units; two-wheeler sales up 15%

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Also Read: Hero Moto, TVS, Eicher, Maruti, M&M may see strong December wholesale numbers. CV sales number may be soft In the two-wheeler segment, Bajaj Auto’s total wholesales were 2,83,001 units, up 15% from 2,47,052 units. The company sold 1,58,370 units of two-wheeler in the domestic market, a growth of 26% from 1,25,553 units, YoY.

Exports of two-wheelers increased 3% YoY to 1,24,631 vehicles. In December 2023, Bajaj Auto’s commercial vehicle sales jumped 27% to 43,805 units from 34,462 units in December 2022. This was led by 41% growth in domestic sales at 32,549 units.

Exports of commercial vehicles decreased 2% YoY to 11,256 units. (Exciting news! Mint is now on WhatsApp Channels Subscribe today by clicking the link and stay updated with the latest financial insights! Click here!) For the whole year 2023, the company’s total sales increased 7% to 32,82,357 units from 30,68,129 units in 2022. Bajaj Auto’s domestic wholesale in 2023 spiked 29% to 20,57,393 vehicles from 15,91,594 vehicles sold in 2022.

Exports for the year declined 17% YoY to 12,24,964 units. Also Read: LIC-backed penny stock Integra Essentia sets record date for issuance of 1:1 bonus shares Bajaj Auto share price has rallied over 33% in the past three months, while the stock is up more than 86% in one year. At 9:35 am, Bajaj Auto shares were trading 0.47% lower at ₹6,769.30 apiece on the BSE.