Auto Sales February 2024: Bajaj Auto Clocks Massive 42% Growth

Bajaj Auto recorded a cumulative sales growth of 24 percent in February 2024, with 3,46,662 units sold (domestic+export, 2W+CV), compared to 2,80,226 units sold in February 2023. In the domestic market alone, Bajaj’s recorded 42 percent growth in its two-wheeler sales with 1,70,527 units sold last month compared to 1,20,335 units sold last year in the same month. 

The brand’s export figure also looked quite good last month with 1,24,157 units exported compared to  1,15,021 units exported the year before. However, in the period between April-February, 2024, the brand’s export figures for both two-wheelers and commercial vehicles dipped. For reference, the marque exported 15,42,241 two-wheeler units in the period between April-February, 2023, whereas, 13,46,457 two-wheelers were exported between April-February, 2024. 

Overall sales performance of Bajaj in the domestic market grew by 30 percent with 24,94,330 units (including two-wheelers and CV) sold between April-February 2024, compared to 19,20,095 units sold in the same period last year. But exports declined by 13 percent with 14,90,699 units exported in April-February, 2024, compared to just 17,16,195 units exported last year, in the same period. 

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Bajaj’s overall performance between April- February (2024) increased by 10 percent with 39,85,029 units sold compared to just 36,36,290 units sold last year. The growth in sales can be credited to model updates escape in the Pulsar family.