In December 2023, the company achieved sales of 326,806 units, surpassing the 281,514 units sold in December 2022.
Bajaj Auto, a manufacturer of two and three-wheelers, experienced a 16% growth in total sales in December compared to the same period last year. In December 2023, the company sold 326,806 units, up from 281,514 units in December 2022. Domestic sales in December showed a notable increase of 28% YoY, reaching 190,919 units compared to 148,583 units. Additionally, total exports for the month saw a 2% rise, reaching 135,887 units compared to 132,931 units YoY.
In the realm of two-wheelers, Bajaj Auto witnessed a 15% increase in total wholesales, reaching 283,001 units, up from 247,052 units in December 2022.
Within the domestic market, the company sold 158,370 two-wheelers, marking a robust 26% growth from 125,553 units YoY. Two-wheeler exports also saw a 3% YoY increase, totaling 124,631 vehicles.
Three-wheeler sales experienced a substantial 27% surge, reaching 43,805 units compared to 34,462 units in the previous year.
Bajaj Auto's commercial vehicle sales in December 2023 exhibited a 27% rise to 43,805 units, up from 34,462 units in December 2022.
As of 10 AM, Bajaj Auto's shares were trading at Rs 6766.00, reflecting a 0.51% decrease. Over the past three months, the stock has demonstrated a positive return of 33.5%.
Recently, it was reported that Bajaj Auto filed a trademark application for the name 'Vector,' raising speculation about a potential introduction of an electric scooter under its Chetak brand of electric vehicles.
The trademark filing did not specify the production of a particular model. In 2020, Bajaj's subsidiary, Chetak Technologies, was established exclusively for the development of electric two-wheelers. During this time, Swedish manufacturer Husqvarna unveiled the 'Vektorr' EV concept, believed to serve as the foundation for the Chetak EV.
Currently, Bajaj Auto offers two electric scooters: the Chetak Premium priced at Rs 1.20 lakh ex-showroom and the Chetak Urbane priced at Rs 1.15 lakh.
