Last updated: 23 Oct, 2020 | 08:59 am
Continuing the path of recovery from the zero sales in April, Indian two-wheeler manufacturers have now surpassed pre-Covid level sales in September. Most of the leading players have registered strong domestic growth, even as they beefed up their dealer inventories in preparation for the upcoming festive season of Navratri and Diwali. While sales in the quarter overall have declined as compared to previous year, Bajaj Auto has registered a 24% on-year growth in Sep-20 sales to 2,19,500 units, as compared to 1,77,348 units a year ago. The company has reported its highest ever exports in the month.
Apart from its domestic business, Bajaj Auto also has a significant contribution from exports business (~48% of turnover). In fact, Bajaj Auto has exported a higher number of 2-wheelers and 3-wheelers as compared to its domestic sales. The focus on premiumisation and better realisation through exports will be major positives going forward.
The timely arrival of the south-west monsoon, combined benefits of a record Rabi crop, Government support for Agri initiatives and very good progress in the sowing of the Kharif crop have led to positive sentiments in the rural areas. This has led to a rapid recovery in two-wheeler sales. These factors along with the upcoming festive season are expected to keep the momentum going over the next few months for two-wheelers.