Bajaj 2w Sale in October 2024 - Bajaj Auto's two-wheelers (2W) are likely to experience a boost driven by the festive season demand, strong performances from their core models, continued popularity in both domestic as well as export markets. In October 2024 the company recorded impressive growth, let’s check it in detail.
Month |
Sales Units |
Market Share (%) |
Year-on-Year Change |
Explanation |
October 2024 |
2,30,254 |
11.15% |
+50,946 units |
Strong growth in sales compared to October 2023, reflecting increased demand for models like the Pulsar and Chetak EV. Despite this growth, the market share percentage has slightly decreased. |
October 2023 |
1,79,308 |
11.84% |
N/A |
The October 2023 sales figure, with a slightly higher market share due to lower overall market sales compared to 2024. |
Year-on-Year Change |
+50,946 units |
-0.69% |
+28.4% growth |
Year-on-year growth of 28.4% in units sold, though the market share has decreased slightly due to overall market expansion. |
Although specific numbers for Nov 2024 may not be fully available yet, here's an overview of the expected trends from previous months, expected November Sales, including estimated sales, key drivers, and model-wise performance.
Month |
Domestic Sales |
Export Sales |
Total Sales |
Key Models Driving Sales |
Market Share (%) |
November 2024 |
380,000 - 400,000 units |
100,000 - 120,000 units |
480,000 - 520,000 units |
|
18% - 19% |
November 2023 |
350,000 units |
95,000 units |
445,000 units |
|
17.5% |
Domestic Sales: Domestic two-wheeler sales for November 2024 are estimated to be in the range of 380,000 to 400,000 units, reflecting an 8-10% increase compared to November 2023. This growth is likely fueled by festive season demand and the ongoing success of Bajaj's flagship models.
Export Sales: Exports for November 2024 are expected to be between 100,000 to 120,000 units, maintaining Bajaj Auto’s strong export performance in global markets, including Africa, Latin America, Southeast Asia, and Europe. The Pulsar, Platina, and Chetak models continue to drive export sales.
Pulsar Series Leading the Charge: The Pulsar series (including Pulsar 125, Pulsar 150, Pulsar 180, and Pulsar 220) continues to be the key contributor to domestic sales, accounting for the bulk of Bajaj's sales in the sporty commuter segment. The Pulsar 125 has gained traction as an entry-level performance bike while the Pulsar 150 remains a top seller.
Chetak Electric: Bajaj's Chetak Electric continues to perform well in the electric vehicle (EV) market, with strong growth in urban markets. The Chetak EV remains an important part of Bajaj’s strategy to tap into the electric mobility trend. It is expected to increase demand, especially during the festive season as consumers look for eco-friendly transport options.
Platina and CT Series: Bajaj's Platina and CT series motorcycles are popular in the entry-level commuter segment. These models are known for their fuel efficiency and affordability, making them ideal for price-conscious buyers in both domestic and export markets.
Dominar and Premium Segment: Dominar continues to perform well in the premium segment (above 250cc), contributing to the brand's growth in the mid-premium motorcycle market. The Dominar 400 and other higher-displacement motorcycles from Bajaj increasingly appeal to customers seeking more power and advanced features.
Festive Season Demand: November 2024 sales are likely to see an increase due to the Diwali season, which historically boosts motorcycle sales in India. During this period, Bajaj Auto tends to see a surge in sales, especially for popular models like Pulsar, Platina, and Chetak.
Strong Demand for Affordable Commuter Bikes: Platina and CT series, known for their fuel economy and affordable pricing, will continue to benefit from the growing demand in the entry-level segment.
Electric Vehicle Momentum: Bajaj's Chetak Electric continues to see growing demand in urban areas. Customers are increasingly shifting toward electric mobility due to the government's push for EV adoption and rising fuel costs.
Competitive Pricing and Promotions: Bajaj Auto typically offers attractive festive discounts and special financing offers during November, which further fuel customer interest and drive sales during the holiday season.
BAJAJ AUTO 2W November Sale Trend 2024 are expected to show strong growth, driven by the festive season, consistent demand for Pulsar and Platina motorcycles, and the growing success of the Chetak Electric in urban markets. Export sales continue to play a crucial role in Bajaj’s overall sales performance, with strong demand from international markets. The company’s 18%-19% market share reflects its solid position in the Indian two-wheeler market, with continued growth potential in both domestic and global markets.