Exports Help Reduce Impact Of July Sales Drop At Bajaj

Bajaj Auto has come out with the sales numbers for the month of July 2019, announcing a decline of 5 per cent in total sales. Last month the Pune-based company sold a total of 3,81,530 units (motorcycles + commercial vehicles) against the 4,00,343 vehicles sold in July 2018. Bajaj took a heavier hit in the domestic market last month with the company selling 2,05,470 vehicles, a decline of 13 per cent, compared to the 2,37,511 units sold during the same month last year. But the company was able to brace the impact to a certain extent thanks to some growth in export numbers, which stood at 1,76,060, 8 per cent more than July 2018, during which the company exported 1,62,832 vehicles.

Standalone motorcycle sales saw a drop of 3 per cent, selling 3,22,210 two-wheelers, compared to the 3,32,680 sold in July 2018. However, motorcycle sales in July saw a substantial decline of 15 per cent in the domestic market, at 1,70,978 units compared to the 2,01,433 bikes sold during the same month last year. What saved the day at Bajaj was motorcycle exports in July 2019, which grew by a considerable 15 per cent to 1,51,232 units, compared to the 1,31,247 motorcycles exported during the same month in 2018.

On the other hand, the commercial vehicle category took the biggest hit in July 2019 with a drop of 12 per cent in overall sales, at 59,320 units, compared to the 67,663 units sold in July 2018. While the drop in domestic sales was an understandable 4 per cent, at 34,492, against the 36,078 units sold during the same month last year, CV exports saw a massive drop of 21 per cent. Last month Bajaj exported 24,828 commercial vehicles from India, compared to the 31,585 units exported in July 2018.

As for the current fiscal numbers, between April and July 2019, Bajaj Auto's total sales accounted for 16,28,704 almost the same as last year, during which the company sold 16,26,984 units. So far, motorcycle sales saw a growth of 3 per cent, at 14,04,837 units compared to 13,62,644 motorcycles sold during the same period in 2018. However, CV sales continue to see a drop of 15 per cent, at 2,23,867, against the 2,64,340 vehicles sold between April-July 2018.



from NDTV CarAndBike - Latest News

Comments

Post a Comment

Popular posts from this blog

Harley-Davidson Streetfighter Spotted In Flesh For The First Time

Image
Harley-Davidson unveiled a range of new motorcycles last year that included an adventure tourer, streetfighter and Custom range. This, along with the LiveWire electric motorcycle defines the new-age 21st century offerings from the manufacturer as it taps into newer markets and caters to an evolving customer base. Now, giving a glimpse of the new models out in the open, the new Harley-Davidson Streetfighter was spotted in the prototype version at what seems to be a trade show in the US, giving a good glimpse at motorcycle looks like in flesh. While board says 'Styling Prototype', the production-spec version of the Streetfighter is likely to stay identical to the model showcased here. In addition to the Streetfighter, the Pan America was also showcased at the same event. The production spec versions of both bikes could be unveiled at EICMA this year. Also Read: Harley-Davidson Livewire To Be Unveiled In India In August The Harley-Davidson Streetfighter is a completely new mot
Read more

Brixton 1200 To Rival Triumph Bonneville T120

Image
A 1200 cc modern classic with similar design lines as Triumph's iconic Bonneville series, has reportedly been cleared for production. The bike was showcased as a concept at last year's EICMA motorcycle show, and from the looks of it, this is a model developed in China with the Triumph Bonneville T120 in its sights. The Brixton brand though is part of Austria's KSR Group, which imports bikes from several Chinese manufacturers, including CF Moto. And while the new Bonneville rival will be manufactured in China, the design and engineering has been created at KSR's design centre in Krups, Austria. Also Read: Triumph Bonnville T120 First Ride Review The Brixton 1200 cc motorcycle has not been named yet, or a launch timeline announced So far, the company has not committed to a launch date yet, but says that it will eventually make it to production. And from the looks of it, that may well be sometime later this year, maybe even at the EICMA 2020 show in Milan, Italy, in
Read more

Zongshen Cyclone RX6 Based On Norton 650 Nearing Completion

Image
While there still doesn't seem to be a buyer for iconic British brand Norton Motorcycles which went into administration in January this year, the firm's 650 cc parallel-twin seems to be finding life in China. While Norton apparently sold off the engine rights of its 961 engine to China's Jinglang just before the brand went into administration, the deal for the 650 cc engine was finalized way back in 2017 with Chinese giant Zongshen. The 650 cc parallel-twin engine was due to be used in Norton's Atlas and Superlight models, but now it looks like that engine platform will make its debut in a Zongshen motorcycle, called the Cyclone R6. Also Read: How Much Is Norton Motorcycles Worth Now? One of the patent designs shows the Cyclone RX6 with full touring accessories and luggage Two prototypes fitted with the 650 cc parallel-twin engine were shown in China late last year, on the Zongshen Cyclone RX6 adventure bike and the RX6 sport tourer. Both bikes used Zongshen-made
Read more