Bajaj Auto sales rise 5% to 3.58 lakh units in June
In June 2024, Bajaj Auto, a leading manufacturer of two and three-wheelers, reported a 5% increase in total wholesales compared to the previous year, reaching 358,477 units. Domestic sales grew by 8% year-on-year (YoY) to 216,451 vehicles, while exports saw a slight 1% rise to 142,026 units. Two-wheeler sales contributed significantly with a 3% increase to 303,646 units, driven by a 7% rise in domestic sales. Commercial vehicle sales surged by 16% to 54,831 units, while three-wheeler sales saw a robust growth of 16% domestically and a 14% increase in exports.
For the first six months of 2024, Bajaj Auto reported total wholesales of 1,102,056 units, marking a 7% YoY increase. Following the announcement of June’s sales data, Bajaj Auto’s share price rose by over 2% in early trading to ₹9,696.55 per share on the BSE. Year-to-date, the company’s shares have gained 41%, and over the past year, they have surged by more than 105%.
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