Bajaj Auto announced it sales report on Friday. Bajaj, India’s second largest two-wheeler, has watched highest-ever-pitched sales this month. However, the company still reports a slowdown. As per Bajaj’s words, the auto biggie was on its highest in this gone month of February. The sales took a growth by 5%. The company seems to have got high aims, since it does not feel satisfied with this growth and says that it was ‘just’ a 5% growth. They rate it as a slowdown for themselves. The reports say Bajaj, who sells motorbikes, scooters, and three-wheeler autos sold 3,43,777 units in February. Sales of commercial vehicles too rose up to 4%, 41,816 units. One of the statements by the company show that the exports too had a high-jump, 20% to 1,22,727 since last year. This as a whole seems to make quite an impressive sales graph.
To compare the sales with Bajaj’s arch rival, Hero MotoCorp, brought out it sales reports on Thursday. The graphs shows an 11% rise from the previous year to 5,23,465 units this February. This kind of huge gap between the two competitors and the obvious slow growth rate has left the investors with Bajaj a bit worried. This ultimately led to the stock going down 1.1% on NSE. Whereas Hero MotoCorp rose up to Rs. 1,954, at 0.9%. The company expects a kind of a slow growth for this quarter.
Rajiv Bajaj says that this might be because of fewer fresh launches in the gone year. But he hopes it would rise to 15% for the current fiscal period. The time between April to February gave a 14% (40,14,045) up of sales to Bajaj Autos. However, in contrast is the 34% of sales in the previous year, 2010-11. However, the company hopes to fare pretty well with starting the delivery of Duke 200, which comes from its merger with Austrian KTM. Also, Pulsar 200NS shows high hopes, which will be on sale probably April onwards. With these two new bikes on roll, Bajaj Auto hopes to see its market share rising from 26% up to 30% in the next financial year.
