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The company had sold 3,07,727 units in the year-ago month, Bajaj Auto said in a statement.
Domestic sales were at 2,37,511 units as against 1,86,497 units, up 27 per cent, it added.
Motorcycle sales stood at 201,433 units as compared to 164,915 units in July last year.
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Total exports in July were up 34 per cent at 1,62,832 units as against 1,21,230 units in the corresponding month last year, it added.
Motorcycle exports stood at 1,31,247 units as against 1,00,267 units in the year-ago month, a growth of 31 per cent.
Commercial vehicles exports soared by 51 per cent to 31,585 units as compared to 20,963 units in July last year, Bajaj Auto said.