Bajaj Auto sales up 23% in March

Bajaj Auto today reported a 23 per cent increase in total sales at 3,34,348 units in March compared to 2,72,197 units during the same month a year ago.

Domestic sales stood at 2,03,600 units against 1,69,279 units in the corresponding month last year, up 20 per cent, the company said in a BSE filing.

Total motorcycle sales during the month grew by 11 per cent to 2,69,939 units from 2,44,235 units in the same month last year.
 

Bajaj Auto said its total commercial vehicle sales during the month under review more than doubled to 64,409 units in March 2018. It was at 27,962 units in March 2017.

Exports in March was up 27 per cent to 1,30,748 units as against 1,02,918 units in the same month last year, the company said.

Total sales of the company for 2017-18 stood at 40,06,791 units, up 9 per cent, over 36,65,950 vehicles sold in 2016-17.

Meanwhile, Honda Motorcyle & Scooter India (HMSI) is snapping at the heels of Bajaj Auto for second spot in the domestic motorcycle segment, with the gap between the two companies coming down to a meagre 14,200 units during the ongoing fiscal.

In the April-February period last fiscal, the gap between the two companies stood at 3,98,525 units.

As per the latest data released by Society of Indian Automobile Manufactures (SIAM), Bajaj Auto has so far sold 18,15,590 units in the April-February period of the current fiscal while HMSI has sold 18,01,390 units in the same period.

Hero MotoCorp with a sale of 58,72,966 units during the period continues to lead the bike segment in the country. 

HMSI, which is already a leader in the scooter segment, had sold 14,51,417 units during the same period last fiscal while that of Bajaj Auto stood at 18,49,942 units.