Bajaj Auto’s nationwide two-wheeler sales are down 41% in March to 107,081 vehicles from 181,393 units sold in March 2021. Also for fiscal 2022, two-wheeler sales are 9% lower at 1,641,084 vehicles compared to 1,809,375 units sold in fiscal 2021.

Exports for the full fiscal year, however, increased by 22% to 2,195,772 units from 1,796,518 vehicles exported in fiscal 2021, clearly indicating that Bajaj’s focus on export growth bears fruit in the face of weak demand in the local market for entry-level motorcycles. However, March exports are specifically stable, although a bit higher at 149,243 vehicles compared to the 148,740 vehicles exported in March 2021.

The numbers indicate that Bajaj Auto as well as most other motorcycle manufacturers are still in a fragile state. Demand from rural India, the biggest buyer of fuel-efficient commuter bikes, has yet to pick up and in urban India incomes are falling. Retail funding for the segment is also another area of ​​concern. The premium bike segment, however, shows significantly better traction.

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