Bajaj Auto has announced that the brand has sold 1,57,404 units of two-wheelers in the domestic market in January 2021 which is similar to what the brand sold in January 2020 when the brand had recorded sales of 1,57,796 units. But, Bajaj exported 2,27,532 units of two-wheelers to the international markets and compared to its performance for the same period last year, the brand pegged 30% growth. In the two-wheeler segment, the brand sold a total of 3,84,936 units in January 2021 which is 16% more than January 2020 when the brand sold 3,32,342 units.
In the commercial vehicle segment, Bajaj sold 13,353 units in the domestic market in January 2021 which is 62% less than what the brand had sold in the same period last year. In January 2020, Bajaj sold 35,076 units in the domestic market. The brand also exported 26,910 units in January 2021 compared to 27,055 units exported in January 2020 which is a change of just 1%.
In all Bajaj sold 4,25,199 units of two-wheelers and commercial vehicles in both the domestic markets as well as exports in January 2021. When compared to the same month last year, Bajaj sold 3,94,473 units showing the growth of 8% in cumulative sales. For the period of April to January 2021, Bajaj sold 32,28,449 whereas for the same period in the last year the brand sold 40,17,724 units which are 20% less than before. The decline is observed in both domestic sales as well as international exports.
In January 2021 Bajaj also celebrated its 75 Years of success in the Indian market and announced that the brand is the most valuable two-wheeler company as the share price on NSE closed at INR 3,479 per share at the end of Calendar Year 2020. Bajaj’s total market capitalization has crossed the INR 1 lakh Crore mark (INR 100,670.76 Crores) and it is the first two-wheeler brand to have attained the INR 1 lakh Crore market capitalization mark. The brand has been successful with iconic products such as the Pulsar, Boxer and Platina which are synonymous with motorcycling in 70 countries worldwide.