Bajaj motorcycle sales for February witnessed 16 percent growth….
Bajaj Auto was trailing the competition till last year in the domestic market. However, their renewed interest and aggression in the local market has got them the dividends they were looking for, in this fiscal.
Bajaj Motorcycle Sales
Bajaj registered total sales of 1,86,523 units in February 2019 which are six percent higher than what they were last February. If we add up exports the total numbers see a rise of 16 percent to 3,27,985 units. In Year to Date numbers, at 23,21,107 domestic units, they have sold 28 percent higher number of motorcycles with one last month to go before the financial year ends. Including exports, Bajaj registered a growth of 26 percent by selling 39,13,335 units as compared to 30,99,395 units during the corresponding period last fiscal.
In an interview to CNBC TV18, Rakesh Sharma, executive director at Bajaj Auto, said that in January and February, revenue contribution from premium motorcycles rose to 45 percent from relatively lower numbers in the preceding months. He also elaborated that Bajaj’s focus is on expanding the premium motorcycle segment.
This is bound to improve margins further for the brand. Bajaj is already known to work on one of the best average margins in the industry. In an earlier story we have talked about how much are Bajaj’s earnings and what is their per motorcycle profit against what they earn by selling KTM motorcycles. You can read that story here.