Bajaj Auto’s total sales in January rose a slow 8% from a year ago to 337,875 units, as the slowdown seen in the two-wheeler sector post the festive season continued.
Its exports rose 13% to 116,996 units during the month, also slower than the 25% growth seen in December.
Bajaj Auto's motorcycle sales grew 7% year-on-year to 294,439 units and commercial vehicle sales were up 14% to 43,436 units.
Over April-January period, Bajaj Auto's total sales are up 15% from a year ago at 36.70 lakh units.
Rajiv Bajaj, the company's MD said that growth has tapered out but there is unlikely to be a de-growth.
He also expects exports growth to rebound again. Overall operating margins are likely to stay around 20%.
....more info
Its exports rose 13% to 116,996 units during the month, also slower than the 25% growth seen in December.
Bajaj Auto's motorcycle sales grew 7% year-on-year to 294,439 units and commercial vehicle sales were up 14% to 43,436 units.
Over April-January period, Bajaj Auto's total sales are up 15% from a year ago at 36.70 lakh units.
Rajiv Bajaj, the company's MD said that growth has tapered out but there is unlikely to be a de-growth.
He also expects exports growth to rebound again. Overall operating margins are likely to stay around 20%.
....more info