Including the sale of commercial vehicles, Bajaj Auto reported on Friday that its overall vehicle sales fell 15% to 3,41,648 units in August.
In August of the previous year, the business reported total car sales of 4,01,595 units.
According to a statement from Bajaj Auto Ltd, the total domestic sales fell 20% to 2,05,100 units in the prior month from 2,56,755 units sold in August 2022.
According to the report, the total number of vehicles exported decreased by 6% from the same month last year to 1,36,548 units in August, down from 1,44,840 units supplied to foreign markets.
From 3,55,625 units sold in August 2022, its total two-wheeler sales decreased by 20% to 2,85,031 units in the preceding month.
However, two-wheeler exports rose 2% to 1,24,211 units in August 2023 from 1,21,787 units in the same month the previous year.
In conclusion, the decline in Bajaj Auto’s sales for August reflects the current market conditions. However, the company’s focus on innovation and customer-centric approach will help it stay competitive and bounce back.
