Bajaj Auto sales in April 2016 declined 2% YoY to 330,109 units. The sales were marginally below our estimates of 3.42 lakh units.
Motorcycle sales grew 2% YoY to 291,898 units and were in line with our estimates of 2.92 lakh units. Market share gains in the domestic market on back of continued strong demand for new launches (Avenger and V series) led to strong growth in the domestic market ( Domesticmotorcycle sales are estimated to grow by about 39%). Export segment continued to remain under pressure due to weak demand in key markets of Africa and Latin America. Motorcycle exports have dipped by about 38%.
Three wheeler sales declined sharply 24% YoY to 38,211 units and were below our expectations of 50,000 units mainly due to dip in the export markets.
Three wheeler sales declined sharply 24% YoY to 38,211 units and were below our expectations of 50,000 units mainly due to dip in the export markets.
| Bajaj AutoLimited | 16-Apr | 15-Apr | YoY(%) | 16-Mar | MoM(%) | FY16 | FY15 |
| Motorcycles | 291,898 | 285,791 | 2.10 | 264,249 | 10.50 | 3,358,252 | 3,367,938 |
| Three-wheelers | 38,211 | 50,483 | -24.30 | 41,551 | -8.00 | 535,329 | 528,933 |
| Total Sales | 330,109 | 336,274 | -1.80 | 305,800 | 7.90 | 3,893,581 | 3,896,871 |
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