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The company had sold 3,94,473 units in the same month last year, Bajaj Auto said in a statement.
Total two-wheeler sales were at 3,84,936 units as against 3,32,342 units in the year-ago month, a growth of 16 per cent.
Domestic two-wheeler sales were marginally lower at 1,57,404 units as compared to 1,57,796 units in January last year, the company said.
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Commercial vehicles total sales declined by 35 per cent at 40,263 units in January as compared to 62,131 in the year-ago month.
Domestic three-wheeler sales were lower at 13,353 units as compared to 35,076 units in the corresponding month last year, while exports were at 26,910 units, down from 27,055 units in January 2020, Bajaj Auto said.