Bajaj Auto April 2018 sales volume up 26% yoy powered by strong CV sales
Bajaj Auto Limited (BJAUT) reported 26% yoy sales volume growth in April 2018, led by commercial vehicles (CV). Motorcycle volumes were up 19% yoy on a weak base of April 2017 (up less than 1% yoy). The company sold a total of 4,15,168 vehicles in April 2018 against 3,29,800 vehicles in April 2017. The volume number was significantly higher than ET Now volume estimate of 3,30,000 units.
CV sales fired up overall volume growth with 65,551 vehicles sold in April 2018 against 35,868 vehicles in April 2017, growth of 83% yoy. This was the highest ever monthly volume number for BJAUT in the CV segment.
Overall motorcycle volumes were up 19% yoy in April 2018. Domestic motorcycle volume growth was 24% yoy on a weak base of April 2017 (down 19% yoy), while motorcycle exports were 13% yoy higher despite a high base of April 2017 (up 44% yoy). BAJUT sold a total of 3,49,617 motorcycles in April 2018 vs. 2,93,932 motorcycles in April 2017.
Export volumes for April 2018 were up 22% yoy despite high base of April 2017 (up 46% yoy). Export revival for BJAUT seems to continue in the first month of the new fiscal year (FY19). Exports were up 18% yoy in FY18 against decline of 19% yoy in FY17. Revival in crude oil prices led to improved prospects for BJAUT’s oil-dependent export economies in Africa and Latin America.
CV sales fired up overall volume growth with 65,551 vehicles sold in April 2018 against 35,868 vehicles in April 2017, growth of 83% yoy. This was the highest ever monthly volume number for BJAUT in the CV segment.
Overall motorcycle volumes were up 19% yoy in April 2018. Domestic motorcycle volume growth was 24% yoy on a weak base of April 2017 (down 19% yoy), while motorcycle exports were 13% yoy higher despite a high base of April 2017 (up 44% yoy). BAJUT sold a total of 3,49,617 motorcycles in April 2018 vs. 2,93,932 motorcycles in April 2017.
Export volumes for April 2018 were up 22% yoy despite high base of April 2017 (up 46% yoy). Export revival for BJAUT seems to continue in the first month of the new fiscal year (FY19). Exports were up 18% yoy in FY18 against decline of 19% yoy in FY17. Revival in crude oil prices led to improved prospects for BJAUT’s oil-dependent export economies in Africa and Latin America.
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