Bajaj Auto sales show marginal decline in July 2009
Bajaj Auto has reported a negligible decline (less than 0.5%) in its motorcycle sales during July this year, at 168,163 units, as compared to 168,971 units sold in July 2008. The company's total two-wheeler sales declined from 169,971 units in July 2008 to 168,731 units in July this year. Exports improved marginally, from 67,253 units in July 2008 to 68,585 units during July this year.
Bajaj's total sales (including three-wheelers) in July this year stood at 192,835 units, as compared to 193,704 units in July 2008. According to a company press release, Bajaj expects its performance to improve over the next few months. The company is also expected to launch a new entry-level commuter bike in the 100-125cc segment, though there is still no word on when it'll launch the much-awaited Kawasaki Ninja 250R.
[Via: indiaautomotive]
CARPLUS Stores from TVS Motors for Auto Accessories
It's the age of retailing and more car manufacturers are entering systematic retailing market looking at the growing economy and changing buying patterns. As India remains unfazed by the economic crisis around the world, Indian buyers still hold better purchasing power.
TVS Motors has now entered the car accessories market with its 'CARPLUS' stores to sell auto accessories in the retail market. Lucas India Service Limited, a part of TVS Motors will own these stores in India and will offer complete range of car accessories under one roof.
The first car store of CARPLUS is located in Gurgaon spread over an area of 4000 sq. ft. the showroom is well-equipped with world class accessories and showcases an impressive range of the same.
"With the number of new passenger car models being launched in India, the car accessories market is all set to witness an exponential growth over the next few years. Currently, 35-40 per cent of the total car accessories market estimated at Rs. 4,200-4,500 crore lies in the unorganized sector. It is imperative, therefore, for players like Lucas to carve a niche in the mind of the consumer and bring home the value proposition.Given the nascent state of organized retail and the rapid evolution of the industry, it is crucial for retailers, manufacturers, real estate developers, logistics providers and partners along the value chain to work in a collaborative spirit," said Arvind Balaji, director, Lucas Indian Service Limited.
[Via: cartradeinida]
Bajaj Auto Plans Africa & Europe Entry
Bajaj Auto is exploring markets in Africa and Europe for its motorcycles, particularly the Boxer, CT100 and the Pulsar. The company, which exported more than 6 lakh motorcycles, is seeing rising sales of the low cost Boxer and CT100. Bajaj is taking a step ahead in registering the Pulsar brand name in countries before it begins marketing the motorcycle.
"We have had instances in the past where companies had registered the Pulsar brand in their names when they realised we were coming. So, we are selling the bike under the Pulse brand in Iran and as the Rouser in the Philippines," Ashok Saxena, general manager of Bajaj Auto's international business said.
[Via: motorbeam]
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