Bajaj Auto Jan sales fall 21% on year as exports decline

Bajaj Auto Jan sales fall 21% on year as exports decline

Exports, which account for half of Bajaj Auto's total sales, have remained a source of concern for the company thus far in 2022-23 (April-March) due to recession in key foreign markets and a lack of dollar availability

FPJ Web DeskUpdated: Wednesday, February 01, 2023, 11:05 AM IST
article-image
Bajaj Auto Jan sales fall 21% on year as exports decline | Image: Bajaj Auto (Representative)

Due to a sharp drop in exports, Bajaj Auto Ltd's total sales, including exports and domestic volumes, fell 21% year on year to 285,995 units in January. The Pune-based company's total exports fell 47% on the year to 112,725 units.

In January, the company's exports of two-wheelers declined 46% to 100,679 units. Its commercial vehicle exports halved to 12,046 units from 25,853 units a year ago.

Exports, which account for half of Bajaj Auto's total sales, have remained a source of concern for the company thus far in 2022-23 (April-March) due to recession in key foreign markets and a lack of dollar availability.

Compared to exports, the company's domestic market sales fared better in January. Its total sales in India increased 16% on year to 173,270 units led by an over twofold rise in commercial vehicle sales and a slight increase in two-wheeler volumes.

The company's commercial vehicle sales rose twofold to 32,842 units and two-wheeler sales rose 4% to 140,428 units.

RECENT STORIES

ITR Filing: 200% Penalty Risk For Taxpayers, Avoid This Mistake; Stay Compliant

ITR Filing: 200% Penalty Risk For Taxpayers, Avoid This Mistake; Stay Compliant

Donald Trump Supports Tough Russia Sanctions Bill, India Faces Possible 500% Tariff Risk

Donald Trump Supports Tough Russia Sanctions Bill, India Faces Possible 500% Tariff Risk

Microsoft Shuts Pakistan Operations After 25 Years, Former Country Head Reflects On Exit

Microsoft Shuts Pakistan Operations After 25 Years, Former Country Head Reflects On Exit

India Not On Latest US Tariff List As Donald Trump Sends Letters To 20 Nations Amid Ongoing Trade...

India Not On Latest US Tariff List As Donald Trump Sends Letters To 20 Nations Amid Ongoing Trade...

Puravankara Expands Bengaluru Footprint, New East Bengaluru Project With ₹1,000 Crore GDV

Puravankara Expands Bengaluru Footprint, New East Bengaluru Project With ₹1,000 Crore GDV