Bajaj Auto’s stock dropped around 3% in morning trading on the first day of the new year as a result of the company’s poor December sales. Compared to 1.90 lakh units sold in the same month the year before, the two-wheeler manufacturer’s overall domestic sales fell 15% to 1.62 lakh units in December 2024. Nevertheless, despite a robust 18% increase in international sales, overall sales decreased by 1% year over year to 3.23 lakh units. The company’s stock fell 3% from yesterday’s price of ₹8,798.60 to open at ₹8,754.05 and end at ₹8,551. The share price right now is ₹8,627.75.
The drag was mostly caused by poor domestic sales. Domestic sales of Bajaj Auto’s two-wheelers dropped 19% year over year to 1,28,335 units from 1,58,370 units sold in December 2023. Although domestic commercial vehicle sales increased by 5% year over year, Bajaj Auto’s total domestic sales decreased by 15% year over year to 1,62,420 units.
Bajaj Auto Sales Performance
Overall sales for the month of December decreased by 1% year over year (YoY), according to Bajaj Auto. Compared to 3,26,806 units in December 2023, the company shipped 3,23,125 units in December 2024.
- Domestic Sales: Compared to 1,90,919 units shipped in December 2024, domestic sales decreased by 15% to 1,62,420 units shipped in December 2024.
- Exports: Exports rose 18% year over year to 1,60,705 units from 1,35,887 units YoY.
About the Company
One of the top producers of two and three-wheelers in India is Bajaj Auto Ltd (BAL). The business is the nation’s biggest exporter of two- and three-wheelers. Its current activities include the research, production, and distribution of automobiles, including motorcycles, commercial vehicles, electric two-wheelers, and others, as well as their components.
Additionally, it has three foreign subsidiaries: Bajaj Auto (Thailand) Ltd., PT Bajaj Indonesia, and Bajaj Auto International Holdings BV. As of right now, the company can install 6.65 million devices annually. Bajaj Auto was established on November 29, 1945, as “M/s. Bachraj Trading Corporation Private Limited.” Bajaj Auto began selling imported two- and three-wheelers in India in 1948. The Indian government granted Bajaj Auto a license to produce two-and three-wheeler.
