Bajaj Statistics By Region, Sales, Revenue And Market Share
Updated · Feb 10, 2025
TABLE OF CONTENTS
- Introduction
- Editor’s Choice
- Bajaj Motorcycles Market By Region
- Worldwide Bajaj Sales
- Worldwide Bajaj Revenue
- Level of Satisfaction Among Two-Wheeler Dealers India By Manufacturer
- Market share of two-wheelers in India FY By Top Manufacturers
- Total Revenue of Bajaj Auto Limited in By Segment
- Share of Electric Two-Wheelers in India By OEM
- Sales Volume of Motorcycles By Model
- Overview of Bajaj Auto
- Market Share By Region and Vehicle Type
- Export Strategies and Countries
- Bajaj Auto’s Product Launches and Developments
- Product Launches and Developments
- Conclusion
Introduction
Bajaj Statistics: Bajaj Auto isn’t just a company that makes bikes in India; it’s like a familiar sound on the road like a friend helping people get where they need to go. It all started with borrowing an idea – the Vespa scooter, a popular choice back then. Bajaj made it “Our Bajaj,” something everyone could use for work or fun. Then came the motorcycles! Powerful bikes like the Pulsar gave people a new way to ride. It wasn’t just about getting around anymore; it was about feeling free and adventurous.
Now, Bajaj Auto sells bikes all over the world! They understand what riders want – a bike that’s more than just transportation; it’s a partner in life’s journey. Let’s see how Bajaj Statistics has identified the brand’s performance in the worldwide industry.
Editor’s Choice
- Bajaj Statistics show that, in the current year, the revenue in the worldwide market is projected to increase to USD 3.20 billion.
- Worldwide, the Bajaj Auto market is projected to generate revenue of 3.30 billion US dollars in 2024.
- For the last two decades, Baja Auto has seen stable growth in motorcycle sales. Although their sales dropped significantly in 2020, they were able to cover the losses quickly. Thus, Bajaj Statistics predicts that in 2024, the sales will reach 2.4 million units worldwide.
- The Asian Bajaj Motorcycles market is currently expected to generate a revenue of USD 2.51 billion.
- In 2023, Bajaj exported approximately 200,000 three-wheelers to Africa, generating revenue of about 300 million US dollars.
- Bajaj Auto is the fourth leading two-wheeler manufacturer in India, with a market share of 11.3%. Hero MotoCorp, Honda Motorcycles & Scooters, and TVS share the highest market shares, respectively.
- With the worldwide Bajaj Motorcycles market, the majority of the revenue is projected to be generated from India, which will contribute USD 2,439.00 million in 2024.
- According to a survey conducted by Statista, in India, Honda Motorcycle and Scooter had the highest level of satisfaction among two-wheeler dealers, with more than a 797 index score. Comparatively, Bajaj Auto has scored almost 600 in a similar segment.
- Bajaj Platina 110: Scheduled for mid-2024, this model focuses on comfort and mileage. Projected sales are 12,000 units, generating 18 million US dollars.
You May Also Like To Read
Bajaj Motorcycles Market By Region
Worldwide
- Bajaj Statistics show that, in the current year, the revenue in the worldwide market is projected to increase to US$3.20 billion.
- In addition, the market is estimated to grow at an annual rate of 6.04% between 2024 and 2029, reaching 4.29 billion US dollars by the forecast period.
- About the worldwide Bajaj Motorcycles market, the majority of the revenue is projected to be generated from India, which will contribute US$2,439.00 million in 2024.
- As of 2024, the volume-weighted average price of the same is estimated to amount to US$1.27k.
- By 2029, unit sales are projected to be 2.9 million.
Worldwide Bajaj Sales
(Reference: statista.com)
- For the last two decades, Baja Auto has seen stable growth in motorcycle sales. Although their sales dropped significantly in 2020, they were able to cover the losses quickly.
- In 2024, the sales will reach 2.4 million units worldwide. After 2024, the brand is projected to reach 2.9 million units sold by 2029.
Worldwide Bajaj Revenue
(Reference: statista.com)
- Worldwide, the Bajaj Auto market is projected to generate revenue of 3.30 billion US dollars in 2024. Compared to the previous year’s performance, the company is expected to significantly increase its revenue growth, reaching 4.29 billion US dollars by the forecast period.
Americas
- The American Bajaj motorcycle market is expected to generate a revenue of US$0.42 billion in the current year.
- The volume-weighted average price of motorcycles for the Bajaj brand is estimated to be US$2.12K.
- Furthermore, the market volume is projected to grow at an annual rate of 6.67% between 2024 and 2029, leading the market to 0.58 billion US dollars by the forecast year.
- The unit sales in the American market are projected to reach 242.3k by 2029.
Asia
- The Asian Bajaj Motorcycles market is currently expected to generate a revenue of US$2.51 billion.
- By the forecast period, the unit sales are estimated to reach 2.3 million vehicles.
- Furthermore, the annual growth rate is expected to be at 6.26%, leading the market volume to US$3.40 billion by 2029.
- The volume-weighted average price is anticipated to amount to 1.25k US dollars.
Africa
- As of today, the African Bajaj Motorcycle market is valued at US$257.60 million.
- In 2024, the volume-weighted average price is expected to reach US$0.86k.
- By 2029, the unit sales for the brand in the African region are estimated to reach 321.9k vehicles.
- The revenue is projected to grow at a CAGR of 3.25% between 2024 and 2029, reaching US$302.30 million by 2029.
Australia and Oceania
- In 2024, the Australia and Oceania market is expected to generate a revenue of US$1.02 million.
- Between 2024 and 2029, the revenue is projected to grow at a CAGR of 1.71%, reaching 1.11 million US dollars by 2029.
- Moreover, by the same period, the unit sales are estimated to reach 1.4k vehicles.
- The volume-weighted average price is projected to reach US$0.82k.
Europe
- The volume-weighted average price of Bajaj Motorcycles in Europe is projected to reach US$2.48k.
- The unit sales are projected to be 3.8k vehicles by the forecast year.
- Between 2024 and 2029, the CAGR is estimated to reach 6.07%, reaching US$10.19 million by the forecast period.
Level of Satisfaction Among Two-Wheeler Dealers India By Manufacturer
(Reference: statista.com)
- According to a survey conducted by Statista, in India, Honda Motorcycle and Scooter had the highest level of satisfaction among two-wheeler dealers, with more than a 797 index score.
- Comparatively, Bajaj Auto has scored almost 600 in a similar segment. The average in a similar industry recorded a 763 score.
(Reference: statista.com)
- Bajaj Statistics 2023 shows that Bajaj Auto is the fourth leading two-wheeler manufacturer in India, with a market share of 11.3%.
- Hero MotoCorp, Honda Motorcycles & Scooters, and TVS share the highest market, respectively.
Total Revenue of Bajaj Auto Limited in By Segment
(Reference: statista.com)
- Automotive is Bajaj Auto’s largest revenue-generating segment, as it contributed 366.65 billion INR in the previous financial year.
- Bajaj’s investment and other segments contributed comparatively at the lower level.
(Reference: statista.com)
- Bajaj contributes 5% to OEM. However, Ola Electric Technologies, Okinawa, Hero Electric, Ampere, Ather Energy, and TVS Motors share the highest share, respectively contributing more than 10% each.
Sales Volume of Motorcycles By Model
Bajaj recorded the highest sales volume for its models Pulsar 125cc, Platina, Pulsar 150cc, and Pulsar 180 + 200NS, the sales volume of which is shown in the chart below, as of Feb 2023.
| Model | Sales volume (in 1,000 units) |
|
Hero Splendor |
266.47 |
| Honda Activa |
174.5 |
|
Hero HF Deluxe |
56.29 |
| TVS Jupiter |
53.89 |
|
Bajaj Pulsar 125cc |
48.73 |
| Suzuki Access |
40.19 |
|
Honda CB Shine |
35.59 |
| TVS XL Super Moped |
35.35 |
|
TVS Apache |
34.94 |
| TVS Raider |
30.35 |
|
Royal Enfield Classic 350 |
27.46 |
| Bajaj Platina |
23.92 |
|
Hero Super Splendor |
22.13 |
| Yamaha FZ |
17.26 |
|
TVS Ntorque |
17.12 |
| TVS iQube |
15.52 |
|
Honda Dio |
14.49 |
| Bajaj Pulsar 150cc |
13.59 |
|
Bajaj Pulsar 180 + 200NS |
12.95 |
| Royal Enfield Hunter 350 |
12.93 |
(Source: statista.com)
You May Also Like To Read
- Royal Enfield Statistics
- Triumph Statistics
- TVS Motor Statistics
- Vespa Statistics (Scooters)
- Yamaha Statistics
Overview of Bajaj Auto
Bajaj Auto is a leading Indian automotive manufacturer specializing in motorcycles, scooters, and three-wheelers. Established in 1945, it has grown into a global player known for its innovative products and robust market presence.
Types of Vehicles Manufactured
Bajaj Auto primarily manufactures three types of vehicles:
- Motorcycles: This includes a wide range of bikes, from commuter models to high-performance sports bikes. Popular models include the Bajaj Pulsar, Bajaj Dominar, and Bajaj Avenger.
- Scooters: Although Bajaj has reduced its focus on scooters, it still produces models like the Bajaj Chetak, an electric scooter launched to cater to the growing demand for eco-friendly transportation.
- Three-Wheelers: Bajaj is one of the largest manufacturers of three-wheelers, which are used extensively for passenger transport and goods carriage. Models include the Bajaj RE, a popular autorickshaw.
Bajaj Auto’s market share varies by region and type of vehicle. Here’s a detailed look:
Motorcycles
- India: Bajaj holds approximately 18% of the motorcycle market share in India as of 2023, which translates to around 2.8 million units sold. This is expected to increase slightly to 19% in 2024.
- Southeast Asia: Bajaj has a strong presence, particularly in countries like Indonesia and Thailand. It captured around 10% of the market share in 2023, which is projected to rise to 11% in 2024.
- Latin America: In countries such as Colombia and Peru, Bajaj commands a 15% market share, maintaining this level in 2024.
Scooters
- India: The market share for scooters is relatively smaller, with Bajaj capturing around 5% in 2023, equating to 150,000 units. This is expected to remain steady in 2024.
- Europe: The Bajaj Chetak electric scooter has begun to penetrate markets in Spain and France, holding a modest 2% market share in 2023, and expected to grow to 3% in 2024.
Three-Wheelers
- Africa: Bajaj dominates the three-wheeler market in Africa, especially in countries like Nigeria and Egypt. Its market share was 35% in 2023 and is projected to increase to 36% in 2024.
- South Asia: In countries such as Sri Lanka and Bangladesh, Bajaj held a market share of 25% in 2023, which is anticipated to remain stable in 2024.
Export Strategies and Countries
Bajaj Auto has a robust export strategy, shipping vehicles to over 70 countries. Key export markets include:
- Africa: Bajaj’s three-wheelers are highly popular for both passenger and goods transport. In 2023, Bajaj exported approximately 200,000 three-wheelers to Africa, generating revenue of about 300 million US dollars.
- Southeast Asia: Motorcycles are the main export to this region. In 2023, Bajaj exported around 150,000 motorcycles, contributing to revenue of 250 million US dollars.
- Latin America: Bajaj’s presence is strong in countries like Colombia and Mexico. In 2023, exports to Latin America totaled around 100,000 motorcycles, bringing in 200 million US dollars.
- Europe: With the launch of the electric scooter Bajaj Chetak, Europe has become a significant market. In 2023, Bajaj exported 50,000 units, resulting in a revenue of 75 million US dollars.
Bajaj Auto’s Product Launches and Developments
2023 Product Launches and Developments
India
- Bajaj Pulsar N250 and F250: Launched in early 2023, these new models in the Pulsar series feature a 250cc engine, enhanced performance, and advanced features. Sales in India reached 50,000 units by the end of 2023, generating approximately 75 million US dollars.
- Bajaj Chetak Electric Scooter: The Chetak was upgraded with a higher range of 100 km per charge. This model sold 20,000 units, contributing 30 million US dollars in revenue.
Southeast Asia
- Bajaj Dominar 400: This model was introduced in countries like Indonesia and Thailand. The upgraded Dominar 400, with improved suspension and ride quality, achieved sales of 10,000 units, bringing in 20 million US dollars.
Latin America
- Bajaj Boxer 150: The Boxer 150 was relaunched with improved fuel efficiency and durability. In markets like Colombia and Peru, sales reached 15,000 units, generating around 22.5 million US dollars.
Africa
- Bajaj RE EV: The electric version of the popular RE three-wheeler was launched in Nigeria and Egypt. Sales hit 10,000 units, contributing 25 million US dollars in revenue.
Product Launches and Developments
India
- Bajaj Avenger 220 Cruise: This model, set to launch in late 2024, features a more powerful engine and advanced features. Projected sales are expected to reach 30,000 units, generating around 45 million US dollars.
- Bajaj Pulsar 150: This is an upgraded version with better fuel efficiency and advanced safety features. Expected sales are 40,000 units, contributing 60 million US dollars.
Southeast Asia
- Bajaj Platina 110: Scheduled for mid-2024, this model focuses on comfort and mileage. Projected sales are 12,000 units, generating 18 million US dollars.
- Bajaj Dominar 250: This is an expansion in the Dominar series. It is expected to sell 8,000 units, bringing in 16 million US dollars.
- Bajaj Urbanite Electric Scooter: A new high-performance electric scooter aimed at urban commuters, planned for early 2025. Projected sales are 25,000 units, generating around 50 million US dollars.
Latin America
- Bajaj Pulsar NS160: This new model will be launched in early 2024. It aims to generate 15 million US dollars in sales and sell 10,000 units.
- Bajaj Qute (RE60): The quadricycle is planned for launch in markets like Mexico. It is expected to sell 5,000 units, contributing 7.5 million US dollars.
Africa
- Bajaj Maxima Cargo: This is a new three-wheeler for goods transport, set for a late 2024 launch. Projected sales are 8,000 units, generating 20 million US dollars.
- Bajaj Pulsar 180: Launching in mid-2024, it is expected to sell 10,000 units and generate 15 million US dollars in revenue.
Southeast Asia
- Bajaj Dominar 500: A high-powered motorcycle planned for late 2025, expected to sell 6,000 units, bringing in 24 million US dollars.
Latin America
- Bajaj Pulsar 250: Planned for mid-2025, targeting 12,000 units in sales, generating 30 million US dollars.
Africa
- Bajaj RE CNG: A new CNG-powered three-wheeler aimed at reducing emissions, planned for late 2025. Expected sales are 7,000 units, contributing 21 million US dollars.
Conclusion
Bajaj Auto’s strategic product launches and developments across different regions are poised to enhance their market presence and generate significant revenue. The company’s focus on both traditional and electric vehicles, along with region-specific models, demonstrates its adaptability and commitment to meeting diverse consumer needs.
Bajaj Auto remains a formidable player in the global automotive market, as proven by these Bajaj Statistics, with a diverse range of products and a significant export footprint. Its strategic focus on emerging markets and innovative products like the Bajaj Chetak electric scooter ensures continued growth and market presence. The company’s ability to adapt and expand its market share across different regions and vehicle types is a testament to its robust market strategies and product offerings.
Sources
Joseph D'Souza started Coolest Gadgets in 2005 to share his love for tech gadgets. It has since become a popular tech blog, famous for detailed gadget's reviews and companies statistics. Joseph is committed to providing clear, well-researched content, making tech easy to understand for everyone. Coolest Gadgets is a trusted source for tech news, loved by both tech fans and beginners.
