Bajaj Auto's sales up y-o-y by 17% in April

2 May 2024 , 12:43 PM

Bajaj Auto, India’s largest two-wheeler manufacturer, witnessed a 17% sales growth in April 2024, selling 3,88,256 units compared to 3,31,278 units in April last year.

Domestic sales surged by 17% to 2,49,083 units, while exports rose by 18% to 1,39,173 units during the same period. Two-wheeler sales saw a 19% increase to 3,41,789 units, while commercial vehicle sales grew by 7% to 46,467 units.

At the time of writing, the stocks of Bajaj Auto were trading at ₹9087.15 which is a 2.06% gain than the previous close. The stock has gained 102.03% in the last one year, and 35.61% gain since the beginning of the year.

In March 2024, Bajaj Auto sold 3,65,904 units, marking a significant increase from 2,91,567 units sold in March of the previous year. Annual sales for FY24 rose by 11%. Domestic sales for April 2023 to March 2024 totaled 27.14 lakh vehicles, a 29% increase from the previous year’s 21.06 lakh vehicles.

However, year-on-year exports dipped, with total overseas sales in FY24 reaching 16.36 lakh units, down 10% from 18.21 lakh units in FY23.

Of the total annual sales of 43.5 lakh units, two-wheelers accounted for 37.27 lakh units, an 8% increase from FY23’s 34.42 lakh units. March 2024 saw a notable surge in exports, with total overseas sales of 1.45 lakh units, a 39% increase from March 2023’s 1.05 lakh units.

Two-wheeler exports in March 2024 reached 1.30 lakh units, up 38% from 94,715 units in March 2023, while commercial vehicle exports rose by 42% to 14,630 units.

Bajaj Auto reported a 35% year-on-year rise in net profit for the March quarter, reaching ₹1,936 Crore, with revenue from operations rising by 29% to ₹11,485 Crore. EBITDA for the quarter increased by 34% year-on-year to ₹2,307 Crore. The Board of Directors recommended a final dividend of ₹80 per share, totaling ₹2,233 Crore.

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