Bajaj Auto: Q1 sales down 64%

Bajaj Auto, one of the biggest exporters of two-wheelers in the world, said it sold 31% fewer automobiles during June, suffering from the after-effects of the Coronavirus lock-down in India and in other markets.

The impact of the lockdown was felt on both India sales and exports, with a sharper decline seen on three-wheeler sales (mostly auto-rickshaws).

Total domestic sales fell about 78,000 units or 34% to 1.51 lakh. Out of the decline of 78,000, around 25,400 was contributed by the commercial vehicle division, while motorcycles and scooters contributed about 52,650 to the decline.

Domestic sales of commercial vehicles were down 85% at 4,494, while those of two-wheelers were down 26% at 1.47 lakh.

Similarly, total exports fell by 28% or about 48,200 to 1.27 lakh. Out of this, most of the decline was accounted for by the two-wheeler division.

Bajaj Auto’s two-wheeler exports were down by about 29% or 43,500 units to 1.08 lakh.

June CV exports held up better, but were still down 21% — or around 5,000 units — at 18,481.

For the three months from April to June, total auto sales at Bajaj Auto is down by a whopping 64% to 4.43 lakh from 12.47 lakh during the same three months in the previous year.

During the quarter, the greater impact was seen on domestic vehicle sales, which were down 73% at 1.91 lakh, while exports held up better.

During the three months, exports were higher than domestic sales at 3.51 lakh, but were down 54% compared to exports of the same three months in the previous year.