Bajaj Auto has reported a number of firsts within the outcomes for the second quarter for the present monetary yr. In a press release, Bajaj Auto mentioned the corporate has witnessed all spherical development in volumes, turnover and income on this quarter (July – September 2018). The corporate recorded its highest ever volumes of 13,39,44 models in all, with home bike volumes accounting for six,92,899 models. Turnover for this quarter can also be the best, at Rs. eight,368 crore, whereas consolidated revenue after tax stood at Rs. 1,257 crore. Earnings earlier than curiosity, tax, depreciation and amortisation (EBITDA) stood at Rs. 1,454 crore.
Within the home market, Bajaj bought 6,92,899 bikes within the second quarter of FY 2018-19, rising 19 per cent from 5,83,997 bikes bought in the identical interval a yr in the past. For the primary half of the present monetary yr (April – September 2018), Bajaj bought 12,87,133 bikes, rising 27 per cent over the identical interval a yr in the past, when 10,10,559 bikes had been bought. Bajaj industrial automobiles proceed to do properly within the home market, with gross sales rising 32 per cent within the second quarter to 1,11,746 models, in comparison with 84,938 models in the identical interval a yr in the past. Within the first half of FY 2018-19, Bajaj industrial automobile gross sales grew a whopping 50 per cent, from 1,37,285 models within the first half of the final monetary yr to 2,06,177 models within the present monetary yr.
In accordance with Bajaj Auto, the corporate outperformed the business within the home bike market, with total home bike market share rising to 18.6 per cent in Q2 FY 2018-19, as in opposition to 16.9 per cent in Q2 of FY 2017-18. For September 2018, Bajaj says total share of the corporate’s home market stood at 20.1 per cent. Within the entry-level bike phase, Bajaj bought over 2,48,000 CT 100 bikes within the second quarter, whereas the Bajaj Platina bought over 1,53,000 bikes. The Pulsar sequence of bikes, together with the Avenger, bought 2,33,000 models.
Exports proceed to stay strong, with Bajaj exporting four,33,643 bikes within the second quarter of FY 2018-19, a development of 30 per cent over the identical interval a yr in the past, when the corporate exported three,34,724 bikes. Industrial automobile exports additionally had been sturdy within the second quarter, with Bajaj exporting 1,01,156 models, a development of 49 per cent over the identical interval a yr in the past, when the corporate had exported 67,851 industrial automobile models.