Bajaj Auto's total sales up by 5% in November 2020
What's the story
In a BSE filing, Bajaj Auto has reported a 5% hike in total sales to 4,22,240 units in November this year. A year ago, the company sold 4,03,223 units in the same month.
Meanwhile, the domestic sales in November 2020 stood at 1,98,933 units - a decline of 4% in comparison to last year's 2,07,775 units.
Here are more details.
Sales figures
Bike sales up 12% but commercial vehicles witness 38% slump
In 2020, the total motorcycle sales rose by 12% to 3,84,993 units as compared to 3,43,446 bikes sold in November 2019.
The sale of commercial vehicles tanked 38% to 37,247 units as against 59,777 units in the corresponding month last year.
Finally, exports increased by 14% to 2,23,307 units in November, compared to 1,95,448 units in November last year.
Key driver
Sales growth aided by sharp revival in exports
Around September-October, Bajaj Auto witnessed a steady revival in overseas markets such as Africa and Latin America considering they were not impacted as hard by the COVID-19 pandemic and subsequent lockdowns as India.
The company, which exports to around 79 countries across the globe, reported its best-ever dispatches to international markets in September by shipping 2.12 lakh units.
Information
Bajaj Auto has a slew of models in the pipeline
Bajaj Auto's last motorbike launch this year should be the Pulsar 150NS. Meanwhile, the Pulsar 180NS and Pulsar 250 will be introduced in the first half of 2021. The second half of next year should witness the debut of Pulsar RS400 and Avenger 400 models.
Rivalry
Hero MotoCorp also reported its highest-ever monthly sales in October
With a 35% year-on-year increase in domestic wholesales, Bajaj Auto's arch-rival Hero MotoCorp recorded its highest ever monthly sales in October.
The company sold 8.06 lakh units in October, wherein a little over 7.91 lakh units were purchased in India itself. It also registered a 28.14% jump in exports, by dispatching 15,711 units in the same month.