Expect exports of 1.5 lakh units in the next quarter: Rajiv Bajaj

Rajiv Bajaj, Managing Director at Bajaj Auto on Wednesday said he is expecting exports of 1.5 lakh units in the next quarter. He added that demand has bottomed out but will likely move higher from here in the export market. Bajaj was exclusively speaking to CNBC-TV18 days after the company reported total sales of 3,55,148 units in May 2023. However, exports fell 23 percent to 1,26,747 units in May from 1,63,560 units in the year-ago period.

Bajaj said that uncertainty is a big factor now. However, he is firm that the next quarter will be better in terms of exports demand.

If we look at May figures, Bajaj Auto's domestic sales almost doubled to 2,28,401 units from 1,12,308 units last year, up 103 percent. Among specific segments, two-wheeler sales jumped 23 percent to 3,07,696 units in May from 2,49,499 units a year ago. Meanwhile, sales of commercial vehicles grew 80 percent to 47,452 from 26,369 in May 2022.