BAJAJ AUTO LIMITED has achieved significant milestones in its second quarter of the fiscal year 2024 (Q2 FY24). With a 6% year-on-year (YoY) growth, the company’s revenue from operations reached ₹10,777 crores, showcasing robust performance driven by strong domestic sales.
Buoyant Domestic Business Performance
The company’s domestic business has been a key driver of its success, experiencing consistent growth for six successive quarters. This growth has been underpinned by a comprehensive performance across various segments, particularly in the 125 cc+ motorcycles category and three-wheeler sales.
Progress in Exports and Market Share
Despite the challenges posed by volatile market conditions, BAJAJ AUTO LIMITED’s exports have shown signs of gradual recovery. The company has been able to maintain its market share and has witnessed an 8% sequential increase in volumes, particularly in regions like Africa, LATAM, and SAME.
Focus on Premiumization in Motorcycles Segment
BAJAJ AUTO LIMITED’s focus on premiumization in the motorcycles segment has yielded substantial results, with the successful launch of the Pulsar N150. This model has been well-received for its aggressive styling, leading features, and impressive on-road performance.
Strategic Expansion Initiatives
The company’s expansion initiatives, including the development of the Chetak brand and the accelerated rollout plans for the e3W launch, have contributed significantly to its overall growth. Additionally, the company has focused on strengthening its supply chain capabilities and product interventions to enhance its competitive edge.
Robust Financial Position and Cash Generation
With strong cash generation and a robust balance sheet, BAJAJ AUTO LIMITED has added over ₹3,600 crores of Free Cash Flow in the first half of the fiscal year, positioning itself for sustained growth and continued market leadership.