Bike RPM Bike Industry News and Reviews

The country’s most important 2 and 3-wheeler maker Bajaj Auto said on Wednesday that it will miss its before set goal of selling a total of 4 million units in the present financial, blaming the underperformance in domestic sales. However, the company has maintained that its success will still keep on unaffected in the period. As par the newest statement given by Bajaj Auto President Finance Kevin D’sa, to PTI," When we decide the target of selling 4 million vechicles this financial, we knew it was a very challenging one. Now, we feel we will end this economic with about 3.85 million units." Further adding together that missing target will not influence company’s profitability, Mr. D’sa said, "In terms of profitability, with 3.85 million vechicles we will exceed the internal success aim that we set, while projecting a sales of 4 million units." So far in the first 3 quarters of current economic year, the corporation has sold 9,28,000 units, 1 million units and 9,46,850 units, respectively. In quarter ended in Dec 2010, Bajaj Auto registered a 40.4 per cent jump in its net income to Rs 667.11 crore as compared to the net gain of Rs 475.14 crore in the same period last year.