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Bajaj Auto's performance as of August 2024:
### 1. **Sales Performance Overview:**
- **2-Wheelers:**
- **Domestic Sales:** Bajaj Auto sold 2,08,621 units in August 2024, a 30% increase compared to August 2023.
- **Exports:** Export sales were 1,26,557 units, showing a modest increase of 2% compared to the same month last year.
- **Total 2-Wheelers:** The combined total for domestic and export sales was 3,35,178 units, marking an 18% overall growth compared to August 2023.
- **Commercial Vehicles (CV):**
- **Domestic Sales:** The domestic sales of commercial vehicles reached 45,206 units, reflecting a slight increase of 2% year-over-year.
- **Exports:** The export of commercial vehicles showed a significant rise, with 17,420 units sold, marking a 41% increase from the previous year.
- **Total Commercial Vehicles:** The total sales of commercial vehicles, combining domestic and export sales, stood at 62,626 units, up by 11% from August 2023.
- **Overall Sales (2-Wheelers + CV):**
- **Domestic:** Total domestic sales across all vehicle types were 2,53,827 units, which represents a 24% increase.
- **Exports:** Total export sales across all vehicle types were 1,43,977 units, reflecting a 5% growth.
- **Grand Total:** The overall sales for August 2024 were 3,97,804 units, an increase of 16% compared to August 2023.
### 2. **Year-to-Date (YTD) Performance:**
- **2-Wheelers:**
- **Domestic Sales:** 9,59,965 units were sold from April to August 2024, a 14% increase from the same period in the previous year.
- **Exports:** 6,23,671 units were exported during this period, marking a 4% growth.
- **Total 2-Wheelers:** The total YTD sales for 2-wheelers were 15,83,636 units, up by 10%.
- **Commercial Vehicles:**
- **Domestic Sales:** The domestic sales of commercial vehicles reached 1,95,480 units, showing an 8% increase.
- **Exports:** The export of commercial vehicles during this period was 74,913 units, up by 15%.
- **Total Commercial Vehicles:** The YTD sales for commercial vehicles were 2,70,393 units, a 10% growth from the previous year.
- **Overall YTD Sales (2-Wheelers + CV):**
- **Domestic:** Total domestic sales were 11,55,445 units, reflecting a 13% increase.
- **Exports:** Total export sales were 6,98,584 units, showing a 5% growth.
- **Grand Total:** The overall YTD sales were 18,54,029 units, marking a 10% increase from the previous year.
### 3. **Key Takeaways for Investors:**
- **Strong Domestic Growth:** The domestic market is performing robustly, with significant growth in both 2-wheelers and commercial vehicles, which indicates strong demand within India.
- **Modest Export Growth:** While exports are growing, the pace is slower compared to domestic sales, especially in the 2-wheeler segment. However, the commercial vehicle exports have shown a strong upward trend, which is promising.
- **Overall Healthy Performance:** The company has shown consistent growth both on a monthly basis (August) and year-to-date, which is a positive sign for sustained performance.
- **Focus on Strategic Markets:** The strong growth in commercial vehicle exports could indicate Bajaj Auto's effective strategy in tapping into new or existing international markets.
### 4. **Conclusion:**
As an investor, Bajaj Auto's performance for August 2024 and the YTD data suggest a healthy and growing business, particularly in the domestic market. The moderate growth in exports, especially in commercial vehicles, could be an area to watch as it might contribute more significantly to the company's overall growth in the future.
