Bajaj Auto Shares Dropped 5% After Reporting Monthly Sales Update

On Monday, November 4, 2024, Bajaj Auto shares recorded a slump of 5% following the release of its October sales data. As of 11:05 AM, Bajaj Auto shares traded at ₹9,899.70 and touched the day low of ₹9,401.00.

Bajaj Auto October 2024 Sales

The Bajaj Group reported total sales of 479,000 units, a 1.7% increase year-on-year, up from 471,000 units in October of the previous year. This total includes domestic sales of 303,000 units, which decreased by 8% year-on-year, and exports of 175,000 units, which rose by 24%.

In the domestic commercial vehicle segment, sales dropped by 6% year-on-year in October 2024, while exports surged by 46%. For domestic two-wheelers, sales also declined by 8% year-on-year, with exports increasing by 22%.

Bajaj Auto Q2 FY25 Performance 

In Q2 FY25, Bajaj Auto achieved record revenues of INR 13,000 crores, reflecting a 22% growth driven by domestic, export, and spare parts sales. The company reported a record EBITDA of INR 2,653 crores, up 24%, marking the fourth consecutive quarter of EBITDA exceeding 20%. Notably, the growing electric vehicle (EV) portfolio now constitutes 20% of domestic revenue, while the combined green energy portfolio of electric and CNG vehicles across two- and three-wheelers accounts for an impressive 44% of domestic revenue.

On the exports front, the recovery in overseas markets continues, with the number of countries facing stress conditions gradually decreasing. The Latin America region leads global growth with a 20% year-on-year increase. Asia is now nearly on par with last year’s performance, while Africa continues to see a decline in major markets, though the rate has improved to about -9%.

In the commercial vehicle sector, the three-wheeler business achieved its highest-ever quarterly volume of 140,000 units in Q2, including 16,000 e-autos. The company’s e-autos are now available in over 700 locations, and its market share in the EV sector has risen to 35%.

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