Bajaj Auto Global Registrations are recovering in the 2021, while at a lower than expected pace. Bajaj Auto global registrations in the first nine months of the year have been 2.37 million, up 22.1% compared with the same period 2020 but down 7.4% compared with the 2019.
McD tracks new vehicles registrations across the World (over 80 countries), reporting data on calendar year. When you wish to compare data reported by us to those declared by the manufacturers, consider they usually report their “sales” (vehicles invoiced), which are usually different from “registrations”, accordingly with their fiscal year split.
Global Registrations Data in 2021
Following the huge sales lost reported in the 2020, Bajaj Auto is recovering in the 2021 while sales are still penalized by the crisis inside the Indian market, which is struggling over expectations, due to the guilty delay in the vaccination process, with covid19 still causing shutdowns and lockdowns.
Bajaj Auto global registrations in the first nine months of the year have been 2.37 million, up 22.1% compared with the same period 2020 but down 7.4% compared with the 2019.
Sales are growing fast in Africa and Latin America, even thanks to the acceleration of Mexican activities. In Europe Bajaj operates just in the east, with good performance reported in Russia and Ukraine.
In the near future, Bajaj sales performance will still be limited by the slow speed in place in India, while international business is running a record year, helping again the company to be the most resilient among the Indian manufacturers.
Actually plans towards electrification looks marginal and the “Chetak”, sold in India, is having a very marginal interest among consumers, due to an old fashion style and a huge price.
Bajaj Auto is an Indian brand specialized on manufacturing two-wheeler and three-wheeler, headquartered in Pune, India, world leader in the three-wheeler segment. The company name is Bajaj Auto Limited and is one of the 25 companies of the Bajaj Group.
Bajaj Auto Limited is one of the 25 companies of the Bajaj Group (founded in 1944 by Jamnala Bajaj) which actually has a presence in diverse businesses such as Electronics, Life Insurance, General Insurance, financial services and other.
The company is well-known for its R&D product development process engineering and low-cost manufacturing skills. The company is the largest exporter of two and three-wheelers in the country.
In 1959 Bajaj Auto Ltd. obtained from the Government of India the license to manufacture two-wheelers and three-wheelers. Thanks to a partnership with the Italian Piaggio, they obtained the licensee to manufacture in India the already famous Piaggio Vespa and started to produce the Bajaj Vespa 150 scooter.
In 1960 Baja became a public limited company and the plant produced the 100.000 vehicles ten years later, in the 1970, while the record of 100.000 units sold in a single financial year was hit in the 1977.
In the 1984 the company joined a partnership with the Japanese Kawasaki (which ended only in the 2017) to develop, produce sell and assist two-wheels in the Indian market.
In the 1985 it was opened a second plant (in Waluj near Aurangabad) to support the strong demand and already in the following year it was hit the milestone of half a million sales in a single financial year, becoming the biggest 100% Indian company in the sector. That year at the scooter and rickshaw production it was added the motorcycles line up.
In November 2007 Bajaj Auto International Holdings BV a wholly owned subsidiary company acquired 14.51% equity stake in KTM Power Sports AG of Austria Europe’s second largest sport motorcycle manufacturer for Rs 345 crore.
In 2012 Bajaj Auto tied up with Japan’s Kawasaki in Indonesia, lately extended to the Philippines.
On 8 August 2017 Bajaj Auto and Triumph Motorcycles UK announced global partnership whereby Bajaj will gain access to the iconic Triumph brand and its great motorcycles enabling it to offer a wider range of motorcycles within its domestic market and other international markets.