Bajaj Auto sees retail sales picking up from August; Philippines, Cambodia markets to boost exports

Bajaj Auto, on Monday, reported a 44 percent jump in its total sales at 3,69,116 units in July 2021. The company had sold 2,55,832 units in the same month of the previous fiscal. Domestic sales in July this year were at 1,67,273 units as against 1,58,976 units of the same month last year. Total motorcycle sales stood at 3,30,569 units, up 39 percent, as compared to 2,38,556 units sold in the year-ago period. The company also stated that its total commercial vehicle sales more than doubled to 38,547 units as against 17,276 units in the same month last year. Exports in July also more than doubled to 201,843 units as against 96,856 units sold in the corresponding month of last year.

Throwing light on the performance and the business outlook, Rakesh Sharma, ED of the company, spoke with CNBC-TV18, mentioning that he expects these trends to hold up.

“It is a more step by step staged recovery that we are seeing and the great thing is that it is evenly spread out. The southern part of the country is yet to catch up on the recovery and that should start in August,” he said, adding that the three-wheeler business for the company stepped up in July. The retail numbers, which were around 7000 in June went up to 12000 in July, he mentioned further, adding that although it is not as widespread as motorcycles, it does give a good view of what is happening on the ground. So, things are improving month on month.