Bajaj Auto has posted an increase of 30% in domestic sales with 2.08 lakh units sold in August 2024. Last year, the company’s sales stood at 1.60 lakh in the same month, the company said in a BSE filing on Monday. However, the company saw a marginal rise in domestic sales of its commercial vehicles to 45,206 units in August 2024 from 44,280 in August 2023.
Overall, the domestic sales of two-wheeler and commercial vehicles of the company surged by 24% to 2.53 lakh in August 2024 as against 2.05 lakh in the same month last year.
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In a BSE filing, Bajaj Auto recorded an increase of 14% in domestic two-wheeler sales to 9.59 lakh units between April and August 2024 from Rs 8.45 lakh units in the same period last year.
The company’s commercial exports climbed by 15% to 74,913 units from April to August 2024 as against 65,423 units in the same duration in 2023.
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In the recently held Bajaj Auto’s Q1 FY25 results conference call, the company’s Executive Director Rakesh Sharma said that the revenue from operations grew by 16% to finish under Rs 12,000 crore. The consolidated net profit stood at Rs 1,941.79 crore between April-June 2024. The company said its domestic, business registered its ninth successive quarter of double-digit growth driven by growth across motorcycles, commercial vehicles, and electric scooters portfolio.
Commercial Vehicles delivered over 100,000 units in a quarter for the fourth time in a row, the company added.