Bajaj

Bajaj Freedom CNG Price CutTo make the Freedom CNG bike more accessible, Bajaj has reduced prices in the range of Rs 5,000 to Rs 10,000
In a short period of time, Bajaj Freedom CNG motorcycle has emerged as a bestseller. In October, Freedom CNG sales were at 30,051 units. That makes it the fourth best-selling product in Bajaj’s portfolio. MoM gain was 53.02%, as compared to 19,639 units sold in September 2024.
Bajaj Freedom CNG price cut – Stock down by around 2%
It was in July 2024 when the world got its first dual-fuel CNG motorcycle. Freedom CNG bike was a significant milestone for Bajaj. However, just five months after its launch, Bajaj Freedom CNG 125 prices have been reduced. The base variant gets a price cut of Rs 5,000, whereas the mid-level variant is cheaper by Rs 10,000.
Bajaj Freedom CNG base variant (drum) new price is Rs 89,997. The mid-spec Freedom CNG (Drum, LED) variant is available at Rs 95,002. Pricing for the top variant, which has a disc brake and LED lights, remains unchanged at 1.10 lakh. The price reduction does not result in any changes to the equipment list.
Price reduction will be beneficial for customers and it can also help boost sales of Bajaj Freedom CNG bike. However, stock markets have treated the price cuts as a negative development. Especially due to the gap between actual sales and dispatches to dealerships. As per VAHAN data, sales of Bajaj Freedom CNG 125 are shown at 34,000 units to date. But dispatches to dealerships are at 80,000 units. Moreover, price cuts were also announced on select Pulsar models after Diwali.
Bajaj Freedom 125
Due to a negative reaction by stock markets, Bajaj Auto’s share price had tanked by around 2%. It is down to Rs 8,983. UBS expects a further correction in the stock price of Bajaj Auto. The stock price of Bajaj Auto has already been corrected by around 30% since its peak of Rs 12,774 in September 2024. UBS has a sell recommendation for Bajaj Auto and has set a price target of Rs 7,800.
‘Buy’ rating for Bajaj Auto by other analysts
Even though UBS has given a ‘sell’ rating, not all analysts have the same opinion. Among 47 analysts that cover Bajaj Auto stock, 20 analysts still maintain a positive ‘Buy’ rating. And 11 analysts have given a ‘Hold’ rating for Bajaj Auto stock. The remaining 16 analysts have a ‘Sell’ rating for Bajaj Auto stock.
It remains to be seen how Bajaj Auto stock will perform in the coming days. While domestic two-wheeler sales growth in November is negative (YoY), exports have registered a gain of 26%. Overall, the YoY growth is positive in November at 5%. YTD (Year to Date) numbers are better, revealing positive growth in both domestic and international markets.
Nitin Gadkari and Rajiv Bajaj at the Freedom CNG launch
Bajaj is India’s largest two-wheeler exporter and expects better performance in the coming months. For its Freedom CNG bike, the strong potential exists in markets like Tanzania, Egypt, Peru and Columbia. Bajaj will also introduce new products, which can help deliver better sales growth figures. More

Bajaj Pulsar N125Bajaj Auto sales in Nov 2024 improved by 5% on a YoY basis while YTD sales were up 9%
Bajaj Auto Limited saw a positive trend across its portfolio in November 2024. Even as domestic sales of both its 2W and CV declined YoY, the company witnessed double digit improvement in its exports thus ending total sales on a positive note. The recently introduced Pulsar N125 has been well received.
Bajaj Auto 2W, CV YoY Sales – Nov 2024
Bajaj Auto sales (2W+CV) (Domestic + exports) stood at a total of 4,21,640 units in Nov 2024. This was a 5% YoY growth over 4,03,003 units sold in Nov 2023. Across its two wheeler (2W) segment, domestic sales saw lower demand by 7% to 2,03,611 units. This figure had been significantly higher with 2,18,597 units sold in Nov 2023.
Exports however saw a hefty 26% YoY growth from 1,30,451 units shipped in Nov 2023 to 1,64,465 units exported last month. This took total 2W sales up by 5% YoY to 3,68,076 units. This was a marked increase from 3,49,048 units sold in Nov 2023.
Bajaj Auto Sales Nov 2024
Commercial vehicles (CV) also saw lower demand in domestic markets but a surge in exports. Domestic sales fell by 5% YoY to 37,243 units, down from 39,147 units sold in Nov 2023. Exports on the other hand witnessed a 10% YoY improvement to 16,321 units in the past month, over 14,808 units of Nov 2023. Total CV sales thus stood at 53,564 units, a 1% decline over 53,955 unit sales of the same month last year.
Taking into account total sales (domestic + exports (2W+CV), Bajaj Auto had 2,40,854 units sold in domestic markets relating to a 7% YoY decline. Exports were up 24% to 1,80,786 units. There had been 1,45,259 units shipped in Nov 2023.
Bajaj Auto Sales Nov 2024 – YTD
Bajaj Auto YTD Sales – April-Nov 2024
Bajaj sales during the period of April to November 2024 saw outstanding increase both in terms of 2W and CVs and in domestic and global markets. Two wheeler domestic sales were up 9% during the 8 month period to 16,78,818 units. There had been 15,45,334 units sold in the same period of 2023.
Exports were also up 11% to 10,87,755 units a YTD growth from 9,82,771 units sold in the FY24 period taking total 2W sales up by 9%. There were 27,66,573 units sold in the FY25 period, well over 25,28,105 units sold in the FY2024 period.
CV sales too grew by 4% in domestic markets and 18% in terms of exports. Domestic sales stood at 3,33,199 units in FY25 from 3,21,140 units sold in FY24. Exports on the other hand grew even more significantly to 1,25,135 units during the April to Nov 2024 period from 1,06,306 units sold in the same period last year. Total CV sales thus increased by 7% to 4,58,334 units from 4,27,446 units YTD.
Improvements across both 2W and CV segments, thus took total domestic sales up 8% on a YTD basis to 20,12,017 units while exports were up 11% to 12,12,890 units. Total sales (domestic + exports) (2W + CV) were at 32,24,907 units in the FY25 period, up from 29,55,551 units sold in the same period of the previous year. More

Bajaj Pulsar NS : Image – Chassis No 9Bajaj Pulsar N125, the most recent launch, will boost sales as it takes on a prominent position in the sporty 125cc category
Bajaj Auto Limited has suffered a year-on-year (YoY) and month-on-month (MoM) de-growth in October 2024. The festive season failed to stir up sales for the two wheeler major. Sales were adversely impacted, bogged down by various challenges in the domestic market and lower consumer demand.
Bajaj Auto domestic sales dipped by 7.11% YoY and 58.77% MoM to 2,45,421 units in Oct 2024. There had been 2,64,198 units sold in Oct 2023 which related to an 18,777 unit volume de-growth. Sales had also stood at 2,47,118 units in Sep 2024 causing a very marginal MoM decline by 0.69%.
Bajaj Domestic Sales Oct 2024 – Pulsar at No. 1
Bajaj Pulsar once again topped sales charts by a huge margin even as its sales declined heavily. Pulsar sales stood at 1,11,834 units last month, a 30.78% YoY de-growth from 1,61,572 units sold in Oct 2023. This was a 49,738 unit volume decline with the Pulsar commanding a 45.57% share. MoM sales also fell by 19.62% over 1,39,128 units sold in Sep 2024.
In the Pulsar range it was the 125cc model that commanded the most attention with 68,511 units sold last month while Pulsar 150cc had 21,438 units. Its 200cc counterpart had 14,898 unit sales in the past month along with 5,665 units of Pulsar 250cc. Each category saw sales decline heavily. The new Pulsar N125, launched could cause quite a stir in its segment as it takes on TVS Raider and Hero Xtreme 125R in this sporty 125cc category.
Bajaj Sales Breakup October 2024 – YoY
Bajaj Platina, another a relatively top seller in the company portfolio, also saw its sales decline to 61,689 units in Oct 2024. This was down by 17.24% over 74,539 units sold in the same month last year. It however, experienced a 23.94% MoM growth over 49,774 unit sales of Sep 2024.
Rising demand has been seen in the case of the Bajaj Chetak electric scooter which was also the 3rd best-selling electric scooter in the country. Chetak sales went up by 152.48% YoY and 7.49% MoM to 30,644 units. There had been 12,137 units sold in Oct 2023 and 28,517 units sold in Sep 2024 with the Chetak currently commanding a 12.49% on the sales list.
The relatively new Freedom CNG bike accounted for sales of 30,051 units in Oct 2024. This was a 53.02% Mom growth from 19,639 units sold in Sep 2024. The new Freedom, launched in July 2024, has been well received. This first-ever mass-market CNG motorcycle delivers 100 km/kg in CNG and 65 km/l in petrol model to a total range of 330 kms.
Bajaj Sales Breakup October 2024 – MoM
Bajaj CT, Avenger, Dominar – Sales Decline YoY
Bajaj CT, Avenger and Dominar have been facing lack luster sales in recent months. CT sales declined by 28.46% YoY to 8,503 units in Oct 2024, down from 11,886 units sold in the same month last year. It however, did see a 33.05% MoM growth over 6,391 unit sales of Sep 2024.
Bajaj Avenger suffered a 37.93% YoY and 28.77% MoM decline in demand in domestic markets. Sales fell to 1,651 units. The Dominar, offered in 250cc and 400cc, too suffered double digit de-growth to 1,049 units in Oct 2024, down by 25.28% YoY and 22.35% MoM. More

Bajaj FreedomBajaj Pulsar continued to be the company’s best-selling model in Sep 2024 to command a 56.30% share
Bajaj Auto’s two wheeler sales figures rose by 29.45% to 2,47,118 units in September 2024 from 1,90,902 unit sales in the same month last year. The Pune based two wheeler maker has also witnessed outstanding improvement in its MoM sales over 1,97,037 units sold in Aug 2024.
Bajaj Sales Sep 2024 – Pulsar commands 56.30% Share
Bajaj Pulsar, Platina and most definitely the Chetak, were the three models in the company’s domestic portfolio that accounted for the highest sales last month. Bajaj Pulsar saw the most sales last month at 1,39,128 units to command a No. 1 position. This was a 15.82% YoY improvement from 1,20,126 unit sales of Sep 2023. It also resulted in a volume increase of 19,002 units.
Bajaj Sales Sep 2024
In the Pulsar range, it was the Pulsar 125cc that received most attention from buyers in the country with 78,590 unit sales, a 16.58% YoY growth from 67,256 units sold in Sep 2023. There were also 31,881 units of the Pulsar 150cc and 16,655 units of Pulsar 200cc sold last month along with 6,880 units of Pulsar 250cc and 2,122 units of Pulsar 400.
Bajaj Platina, another hot favourite in the company lineup, had 49,774 unit sales last month. This related to 2.38% YoY growth from 48,615 units sold in Sep 2023. Platina also posted a significant improvement in its MoM sales over 41,915 units sold in Aug 2024.
Bajaj 2W Sales Sep 2024
Bajaj Chetak Sales up 217.28% YoY in Sep 2024
Bajaj Chetak sales escalated by 217.28% on a YoY basis to 28,517 units in Sep 2024. This was well over 8,988 units sold in Sep 2023. Bajaj launched the new Freedom CNG bike earlier this year. It has managed to capture sales of 19,639 units in Sep 2024 and command a 7.95% share on this list.
The new Freedom 125 CNG+Petrol Bi-fuel has managed these sales on account of its healthy fuel efficiency which stands at 102kg/km, a range of variants and affordable pricing. Its engine too is capable of running on both Petrol and CNG offering the benefits of CNG and convenience of Petrol fuel.
Bajaj CT sales dipped by 32% YoY to 6,391 units in Sep 2024. It was the CT110cc that commanded most attention with 6,344 unit sales last month while the CT125 made up the balance 47 units. Bajaj Avenger sales were also down to 2,318 units in the past month, a 4.37% YoY de-growth over 2,424 unit sales of Sep 2023. Dominar had 1,351 unit sales last month with its 250cc witnessing a YoY decline in sales by 17.97% to 557 units while the Dominar 400 saw higher demand by 18.15% to 794 units. More

New Bajaj Pulsar 400Despite Pulsar NS400Z being the most affordable of this bunch, it is not the best-selling offering among the Bajaj 400cc Sales
The premium single-cylinder motorcycle segment has seen a lot of action in India lately. This is a segment where Royal Enfield is very active with its 350cc and 450cc portfolio. However, Bajaj aims to counter these offerings with their standalone products and partner products through Triumph, KTM and Husqvarna.
Together, Bajaj has a slew of 400cc offerings that aim to cater to a wider audience. These vehicles are across Bajaj’s own Pulsar and Dominar brands along with partner brands like KTM’s Duke, Adventure and RC lineups, Triumph’s Speed and Scrambler lineups and Husqvarna’s Svartpilen lineup.
Bajaj 400cc Sales September 2024
Together, these motorcycles accounted for a total of 7,059 units sold in September 2024. When compared to 6,296 units sold in September 2023 and 7,306 units sold in August 2024, Bajaj’s 400cc portfolio witnessed a 12.12% YoY growth with 763 units gained in volume and a 3.38% MoM decline losing 247 units in volume.
Despite being the most affordable of this bunch, Pulsar NS400Z is not the best-selling 400cc offering from the house of Bajaj. This could be a clear indication that not a lot of people liked the bike’s design, which garnered mixed opinions at launch and with the leaked spy shots before launch.
Bajaj 400cc Sales September 2024 – YoY
The best-seller, however, is the Triumph 400 family with 3,411 units sold and accounts for almost half of Bajaj’s 400cc empire. 48.32% to be precise. With 4,508 units sold last year and 3,328 units sold a month before, Triumph 400 witnessed a 24.33% YoY decline losing 1,097 units in volume and a 2.49% MoM growth gaining 83 units in volume.
Bajaj 400cc Sales September 2024 – MoM
Triumph Speed T4 was launched halfway into September 2024 and the reception of that more affordable motorcycle will be reflected in next month’s sales charts. In 2nd place, we have the Pulsar NS400Z with 2,122 units clocked and contributing 30.06% of Bajaj’s total 400cc sales. There was a 15.66% MoM decline with 394 units lost in volume.
Dominar registered YoY and MoM growth
Bajaj’s Dominar lineup took 3rd place with 794 units and is the only vehicle on this list to register both YoY and MoM growth of 18.15% and 12.94% respectively. Volume growth stood at 122 units YoY and 91 units MoM.
With 695 units sold, we have KTM’s 390 lineup in 4th place. When compared to 1,116 units sold last year and 711 units sold a month before, KTM 390 witnessed a severe 37.22% YoY decline and 2.25% MoM decline, losing 421 and 16 units in volume respectively. Lastly, we have Husqvarna Svartpilen 401 which sold 37 units, down from 48 units sold in August 2024 resulting in 22.92% MoM decline. More