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Automobile sales crash as manufacturers suspend operations to tackle COVID-19 second wave

With majority of auto retail outlets shut and production limited at manufacturing units, industry estimates passenger vehicle makers dispatched about 103,000 units last month – nearly a third of 286,728 vehicles sold in April 2021. Passenger vehicle sales had been muted at around 36,000 units in the same month last year with automakers working at ramping up operations post a covid-induced nationwide lockdown starting March 25, 2020. ....

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Bajaj witnesses a massive growth in exports

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Pune-based Bajaj Auto, India’s No. 1 motorcycle and two-wheeler exporter, has opened FY2022 on a strong note. Last month, Bajaj registered worldwide sales (including India) of 3,48,173 units of which 2,21,603 units – or 63 percent – were exported.
It has had a 49 percent export growth in April 2021 over March 2021
Bajaj exports to over 79 countries
Bajaj Auto working on fourth plant in Chakan
Impact of Covid on Bajaj’s exports
In the Covid-impacted FY2021, Bajaj Auto had shipped 17,96,518 units, down 3.9 percent year on year (FY2020: 18,69,220 units).
Since April 2020 was a zero production and sales month, a year-on-year growth analysis is not possible. However, seen in terms of month-on-month growth, it can be clearly seen that strong 49 percent export growth in April 2021 over March 2021 have saved the blushes for the company, as domestic sales were down 30 perce ....

Rakesh Sharma , Bajaj Auto , Pune Based Bajaj Auto , Executive Director , Out Sell , ராகேஷ் ஷர்மா , பஜாஜ் ஆட்டோ , புனே அடிப்படையிலானது பஜாஜ் ஆட்டோ , நிர்வாகி இயக்குனர் ,

Two-wheeler makers report double-digit decline in sales in April on MoM basis

May 03, 2021
Honda, Bajaj Auto post record export sales
Just like passenger vehicle manufacturers, major two-wheeler companies in the country, including Hero MotoCorp, Honda Scooter & Motorcycle India (HMSI), TVS Motor and Bajaj Auto have reported a decline in sales on a sequential basis in April.
While market leader Hero MotoCorp reported a decline of 37 per cent in its wholesales to 3,42,614 units in April as against 5,44,340 units in March, its competitor and scooter market leader HMSI also reported decline 39 per cent to 2,40,100 units in its domestic wholesales last month as compared with 3,95,037 units in March this year. With stricter lockdowns being announced across regions amidst the second wave of Covid-19, Honda prioritised the safety of all its stakeholders and pro-actively controlled its dispatches to avoid inventory build-up across its pan-India network, the company said. ....

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Bajaj Auto Becomes First 2-wheeler Firm To Cross Rs 1 Lakh Crore Market Cap Mark

Bajaj Auto becomes first 2-wheeler firm to cross Rs 1 lakh crore market cap mark
The company s share closed at Rs 3,479 on NSE on Friday, giving it a market capitalisation Rs 1,00,670.76 crore.
PTI
January 01, 2021 / 09:13 PM IST
Pune-based Bajaj Auto on January 1 said it has become the first two-wheeler company globally to cross a market capitalisation of Rs 1-lakh crore (around $13.6 billion).
This market valuation is considerably higher than all other domestic two-wheeler companies, Bajaj Auto said in a statement.
As per analysts, a market capitalisation of over Rs 1-lakh crore has not been achieved before by any international two-wheeler company anywhere in the world, it added. ....

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