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Home > Trade News > Bajaj Auto account 33.9 per cent growth
Bajaj Auto account 33.9 per cent growth
 
Bajaj Auto account 33.9 per cent growth
Bajaj Autos motorcycle sales for the month of June 2005 raised by 33.9 per cent, above industry growth rate for the ninth successive month. Bajaj Autos motorcycle sales in the first quarter grew by 53.2 per cent. The Bajaj CT 100 completed a cumulative sale of one million vehicles since its launch in May 2004, in 13 months, probably a world record for a single model. To enhance customer value further, Bajaj Auto is treating the CT 100 to an upgrade incorporating the ExhausTec (patent applied) and advanced SNS (Spring -in-Spring) rear suspension (patent applied) - bringing class leading ride comfort to this product. Production constraints associated with this change resulted in lower sales of CT 100 model in June are also expected to progressively ease by September 2005. The Bajaj Discover DTSi completed a cumulative sale of 200,000 vehicles since its launch in September 2004. The Bajaj Discover DTSi model, which is also undergoing an upgrade in the form of new colour and graphics, alloy wheels and suspension to enhance customer value, clocked 32,468 units compared to 23,515 units sold in June 2004 a growth of 38 per cent.

The recently launched Avenger managed to clock a sale of 1,059 units in less than a month of launch. Priced at Rs 60,000 ex-showroom, the Avenger is estimated to clock monthly volumes of 3,000 units in the coming months.The highlight of this quarter, according to industry sources, is that Bajaj Auto has overtaken Hero Honda in net profit after a long time. Bajaj Auto is claimed to have recorded a net profit of Rs 207.9 crores for the quarter ended June 05 compared to Hero Hondas Rs 204.5 crores. It should be also considered that operating margins of auto manufacturers including Bajaj Auto and Hero Honda are on the decline due to rising material costs and product mix.
Posted On : 8/22/2005 3:56:32 PM

 
 
 
Bajaj Auto account 33.9 per cent growth