Bajaj Auto Global Registrations marginally recovered in 2021. Although a little growth in India, Global Sales in 2021 improved 6.1% thanks to a double-digit score in all continents. The fastest growing markets were Egypt and Argentina.
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 reported a moderate recovering in 2021.
Bajaj is the Global leader in the commercial 3-Wheeler industry dominating this segment not only in the domestic Indian market, but in all countries, from Latin America to Africa or South Asia. In the 2-Wheeler industry, Bajaj is the top Indian manufacturer as global distribution with strong presence in Africa (Egypt overall) Latam and South Asia.
Pushed up by favorable domestic conditions, the manufacturer hit the all-time record sales in the 2018 (as all Indian producers) with near 4 million units globally sold. Then sales declined to 2.9 million in 2020.
Although a little growth in India, Global Sales in 2021 improved 6.1% thanks to a double-digit score in all continents.
In Europe Bajaj operates just in the east, with good performance reported in Russia (+28.2%) and in Ukraine (+5.9%).
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.