Reflecting brutal competition in the Indian motorcycle segment, Bajaj Auto witnessed year-on-year fall in sales for the month of May 2015 on the back of dip in its motorcycle sales.
Indian two wheeler major Bajaj Auto witnessed year-on-year fall in sales for the month of May 2015 on the back of dip in its motorcycle sales.
The two wheeler maker’s sales in May 2015 stood at 345,438 units, down by 2 percent from 351,436 units recorded in the same month in the previous financial year 2014-15.
In a filing to Bombay Stock Exchange today, the company said it sold 301,862 units of motorcycles in May 2015, down by 4 percent from 313,020 units sold in the same period a year ago.
While its motorcycle sales declined, Bajaj Auto has witnessed its highest ever May month sales for commercial vehicles. The company sold 43,576 units of commercial vehicles in May 2015, recording a growth of 13 percent as compared to sales of 38,416 units in May 2014.
The two wheeler manufacturer has also recorded highest May month exports as it exported 158,824 units of vehicles in May 2015, up by 2 percent from the recorded shipments of 156,179 vehicles in the same month a year ago.
The company’s commercial vehicle division has been continuously performing well on the back of raising demand for its vehicles in the domestic market.
During the first two months of April and May in the current financial year 2015-16, the company’s commercial vehicle sales climbed up by a whopping 34 percent to 94,059 units compared to the recorded sales of 70,309 units in the same period a year ago.
During April-May, 2015, Bajaj Auto’s overall vehicle sales almost remained flat at 681,712 units compared to 682, 965 units recorded in the same period in the previous financial year. In the current financial year in April and May, the company shipped 320,422 units to overseas markets, recording a growth of 4 percent compared at 306,893 units exported in the same period a year ago.
The company’s motorcycle sales for April-May, 2015 stood at 587,653 units, down by 4 percent from 612,656 units.