Bajaj Auto, which was recently crowned the most valuable two-wheeler company in the world, continues to make news on the export front. In the first nine months of FY2021 (April-December 2020), the company has shipped a total of 12,36,617 units. While this number is 12.84% down on its year-ago exports, the performance is commendable considerable most global markets have been adversely impacted by Covid-induced lockdowns and resultant loss of sales.
The importance of Bajaj Auto to the overall two-wheeler industry’s performance can be gleaned from the fact that the company accounts for 57% of total Indian OEM shipments of 21,72,015 units (-19%) in the period under review (see table below).
The No. 2 two-wheeler exporter is TVS Motor Co with 479,941 units (-6.86%), followed by Honda Motorcycle & Scooter India with 139,725 units (-44%) and India Yamaha Motor, with 119,471 units (-50%).
For Bajaj Auto, the bulk of the exports are from the Boxer, CT, Discover and Platina which together account for 699,117 units or 56% of total exports for the company.