InvestorQ : How has been Bajaj two-wheeler sales in the month of July 2020?
Angel dcosta made post

How has been Bajaj two-wheeler sales in the month of July 2020?

Answer
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Anamika Sodhani answered.
1 month ago


Surprisingly, July sales of Bajaj Auto were worse than the June sales. Bajaj Auto sales for the month of July 2020 fell by 8% sequentially and 33% on a YOY basis. It is more surprising that the output was lower in July than in June. There was a 23% fall in domestic sales, but the bigger hit came from a 45% fall in export sales, which constitutes a significant portion of the total sales of Bajaj Auto.

The pandemic has caused the hit but eh weak demand in global markets has been a much bigger issue for Bajaj Auto in this quarter. For the June quarter, Bajaj Auto had reported 53% fall in net profits and 60% fall in total revenues due to the pandemic conditions. While two wheelers demand is seeing a revival, it is the three wheeler demand that is deep in the negative. Plants are yet to start operating at full capacity.