Bajaj Auto July 2020 income: Domestic bikes develop four% mom and attain 90% of Pre-COVID income driven by way of robust rural sentiments; motorbike exports drop 20% mom because of capability constraints; standard nos lower than estimates due to manufacturing constraints
Bajaj Auto standard sales in July 2020 dropped eight% mom to two.56 lakh units and neglected our estimates of two.Seventy seven lakh devices especially pushed by using manufacturing constraints at Aurangabad plant (there were COVID instances detected at plant and manufacturing became impacted for more than per week).
Domestic bikes grew 4% on mother foundation and reached ninety% of Pre-CVOID tiers. Strong rural sentiments and expanded desire for personal delivery caused restoration in home motorcycles. Domestic bikes at 1.Fifty two lakh units had been better than our estimates of one.Three lakh units.
Motorcycle exports dropped 20% mom to 86,082 gadgets whilst CV exports dropped forty two% mother particularly impacted via manufacturing constraints at Aurangabad plant.
Domestic CV sales grew forty five% mother to six,502 devices and had been in keeping with estimates of seven,000 gadgets.
| Bajaj Auto Limited | Jul-20 | Jul-19 | YoY(%) | Jun-20 | MoM(%) | YTD FY21 | YTD FY20 | YoY(%) |
| Motorcycles Domestic | 1,52,474 | 1,70,978 | -10.8 | 1,46,695 | 3.9 | 3,38,455 | 7,81,914 | -56.7 |
| Motorcycles Export | 86,082 | 1,51,232 | -43.1 | 1,08,427 | -20.6 | 3,00,030 | 6,22,923 | -51.8 |
| CV Domestic | 6,502 | 34,492 | -81.1 | 4,494 | 44.7 | 11,784 | 1,20,709 | -90.2 |
| CV Export | 10,774 | 24,828 | -56.6 | 18,481 | -41.7 | 48,666 | 1,03,158 | -52.8 |
| Total Sales | 2,55,832 | 3,81,530 | -32.9 | 2,78,097 | -8.0 | 6,98,935 | 16,28,704 | -57.1 |
| Domestic | 1,58,976 | 2,05,470 | -22.6 | 1,51,189 | 5.2 | 3,50,239 | 9,02,623 | -61.2 |
| Exports | 96,856 | 1,76,060 | -45.0 | 1,26,908 | -23.7 | 3,48,696 | 7,26,081 | -52.0 |
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