Bajaj Auto sales fall 15% yoy in January 2022

1 Feb 2022 , 11:34 AM

Bajaj Auto Limited released its sales figures for the month of January 2022. The company witnessed a downfall in sales in all segments, and consequently, shares started to collapse in today’s trade.

Bajaj Auto is currently trading at Rs3,537 down by Rs17.75 or 0.5% from its previous closing of Rs3,554.75 on the BSE. The scrip opened at Rs3,584 and has touched an intraday high and low of Rs3,591.30 and Rs3,535.20 respectively.

Bajaj auto reported domestic 2-wheeler sales for January 2022 month at 1,35,496 units against 1,57,404 units in January 2021, which is a downfall of 14% on a YoY basis. While company’s YTD sales stood at 14,37,480 against 14,79,048 in the previous period, down by 3% YoY.

Overall 2-wheeler sales stood at 3,23,430 units for the January 2022 month as against 3,84,936 units for January 2021, which is a drop of 16% YoY.

As for commercial vehicles, the company reported net sales of 40,013 units for January 2022 against 40,263 units in January 2021, indicating a drop of 1%. Domestic commercial vehicle sales stood at 14,160 units against 13,353 units, reflecting a gain of 6% YoY.

The company’s YTD (April-Jan) sale for commercial vehicles stood at 3,94,030 units against 2,85,252 units for the previous same period, reflecting an upside of 38% YoY.

Bajaj auto stated that the overall sales for both 2-wheeler and commercial vehicles tumbled by 15% YoY, while YTD sales for both showed a growth of about 14% YoY.