Bajaj Auto , the world's most valuable two-wheeler and three-wheeler manufacturer, has announced a significant price reduction across its product range in response to recent GST cuts. The company will pass on the complete benefit of the GST reductions to customers, effective September 22, just in time for the festive season.

Substantial Savings for Consumers

The price reductions offer impressive savings for consumers:

• Two-wheelers: Up to Rs. 20,000
• Three-wheelers: Up to Rs. 24,000

These reductions apply to Bajaj's entire range of motorcycles, including KTM models, as well as their three-wheeler vehicles.

Boosting Affordability and Demand

Rakesh Sharma, Executive Director of Bajaj Auto, commented on the move: "The Government's decision to reduce GST for most two-wheelers and three-wheelers is a bold step forward, which will unlock their demand and set the industry on a firm growth path. We thank the Government of India for the initiative which touches the lives of millions."

Sharma further emphasized the timing of this reduction, stating that it will make mobility more affordable during the festive season and is expected to lift consumer sentiment.

Impact on the Industry

The GST reduction is viewed as a landmark reform that directly empowers millions of Indians by improving the affordability and accessibility of mobility solutions. Bajaj Auto believes this move will have a significant impact on:

1. Daily commuters
2. Small business owners
3. Families relying on affordable and efficient transportation

Bajaj Auto's Market Position

As a global leader in the two-wheeler and three-wheeler segments, Bajaj Auto's decision to pass on the GST benefits underscores its commitment to customer value. The company has:

• Sold over 21 million motorcycles across more than 100 countries
• Established itself as India's No. 1 motorcycle exporter
• Achieved the status of the world's largest manufacturer of three-wheelers

Looking Ahead

With this price reduction, Bajaj Auto aims to support the government's initiative to boost consumer spending and contribute to the festive cheer. The company continues to focus on delivering products with best-in-class design, technology, and quality, reinforcing its position as a future-ready automotive manufacturer.

As the festive season approaches, consumers can look forward to more affordable mobility options from Bajaj Auto, potentially stimulating demand in the two-wheeler and three-wheeler segments of the Indian automotive market.

Bajaj Auto , one of India's leading two-wheeler and commercial vehicle manufacturers, has reported a 5% year-over-year growth in its total sales for August. The company sold 417,616 units in August, up from 397,804 units in the same month last year, according to a press release issued by the company.

Segment-wise Performance

Two-Wheeler Segment

The two-wheeler segment, which forms the bulk of Bajaj Auto's sales, showed mixed results:

• Domestic Sales: 184,109 units (down 12% from 208,621 units in August last year)
• Exports: 157,778 units (up 25% from 126,557 units in August last year)
• Total Two-Wheeler Sales: 341,887 units (a 2% increase from 335,178 units in August last year)

Commercial Vehicle Segment

The commercial vehicle segment demonstrated strong growth:

• Domestic Sales: 48,289 units (up 7% from 45,206 units in August last year)
• Exports: 27,440 units (a significant 58% increase from 17,420 units in August last year)
• Total Commercial Vehicle Sales: 75,729 units (a 21% increase from 62,626 units in August last year)

Overall Sales Breakdown

Key Highlights

1. Export Growth: Bajaj Auto's overall exports surged by 29%, significantly contributing to the company's total sales growth.
2. Commercial Vehicle Strength: The commercial vehicle segment showed robust performance with a 21% increase in total sales.
3. Domestic Market Challenges: The company faced headwinds in the domestic market, particularly in the two-wheeler segment, which saw a 12% decline.

Year-to-Date Performance

For the first five months of the current fiscal year, Bajaj Auto has reported:

• Total Sales: 1,894,853 units (a 2% increase from 1,854,029 units in the same period last year)
• Domestic Sales: 1,050,349 units (down 9% year-over-year)
• Exports: 844,504 units (up 21% year-over-year)

The company's strong export performance has been a key factor in offsetting the challenges in the domestic market, helping Bajaj Auto maintain overall growth in both monthly and year-to-date sales figures.

As the automotive industry continues to navigate through various market dynamics, Bajaj Auto's diverse product portfolio and strong presence in export markets appear to be crucial factors in its sales performance.