Bajaj Auto - Press Release
Bajaj Auto Ltd has announced the following in respect of sales for the month of February 2008:
February 2008
------------------------------------------------------------------------------------------ February February Growth % 2008 2007 ------------------------------------------------------------------------------------------ Motorcycles 158,662 171,780 -8 Total 2 WHEELERS 159,508 174,220 -8 3 WHEELERS 24,299 27,992 -13 ------------------------------------------------------------------------------------------ TOTAL 2 & 3 Wheelers 183,807 202,212 -9 ------------------------------------------------------------------------------------------ Exports out of the above 63,182 38,228 65 ------------------------------------------------------------------------------------------
1. A degrowth of about 13% in the 100cc segment offset stable sales in the 125cc + segment, resulting in an overall degrowth of 10% for the motorcycle industry.
2. Aided by strong sales of the XCD, Discover, Avenger, and Pulsar, Baja continued to dominate the growing 125cc + premium motorcycle segment with a market share of approximately 50%.
3. Furthermore, motorcycle exports at 50,894 units have been the highest ever. Bajaj expects exports to continue to fuel Growth, thus mitigating the currently lackluster domestic market.
4. 3-wheeler sales continue to suffer from poor domestic demand; here too exports is expected to more than compensate.
YTD 2007-08
------------------------------------------------------------------------------------------ Particulars April 2007- April 2006- Growth % February February 2008 2007 ------------------------------------------------------------------------------------------ Motorcycles 1,985,336 2,210,994 -10 Total 2 Wheelers 2,005,591 2,230,414 -10 3 Wheelers 269,536 297,220 -9 ------------------------------------------------------------------------------------------ Total 2 & 3 Wheelers 2,275,127 2,527,634 -10 ------------------------------------------------------------------------------------------ Exports out of the above 567,306 403,768 41 ------------------------------------------------------------------------------------------
5. Positive overall growth is expected for FY09 owing to the twin focus on bigger motorcycles and international markets.
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