Bajaj XCD 125 Has Been Discontinued
It is farewell time for the Bajaj XCD 125 , the executive commuter bike that was launched way back in September 2007. This is the second bike that the Pune-based manufacturer has phased out in the last three months, the first being the Pulsar 200 DTS-i.
The reason behind this move was to make way for the slightly bigger and more powerful XCD 135 which was launched way back in February this year. Bajaj decided to pull the plug on the smaller model when its sales dipped below 20000 units a month as compared to the 50000 units expected of it by the company. In contrast, the XCD 135 sold 10,000 units in the first two weeks after its launch.
Commenting on this move, a Mumbai-based analyst stated "Bajaj had launched too many models in the market without many differentiating factors between the bikes. The company always had the option to lower or even completely stop the production of one bike and increase the other, depending on the demand". The company is now planning to concentrate only on the Discover and Pulsar brand in the entry to premium segment while containing the Platina and Avenger within these core groups.
[Via: BIKE Magazine]
Bajaj Sales Decline In January
Bajaj Auto has reported a 34% decline in two-wheeler sales in January at 110,363 units against 167,592 units in the same month last year.
Three-wheeler sales during the month stood at 21,985 units against 24,601 units in the year-ago month, the company said in a statement. Exports during the month, however, grew by 24% at 54,027 units against 43,533 units. The company said that it is targeting to sell around 20,000 units of its latest model XCD 135 DTS-Si, in the next month.
Bajaj Auto Q2 net drops 22.50%
India`s second largest two-wheeler maker - Bajaj Auto - on Thursday announced a 22.50% decline in its standalone net profit for the quarter ended September 2008. During the quarter, the profit of the company fell to Rs 1,849.10 million from Rs 2,386 million in the same quarter, last year.
Total income for the quarter climbed 7.65% to Rs 25,705.30 million from Rs 23,877.70 million in the prior year period. Earnings per share stood at Rs 12.80 for the quarter ended September 2008. Shares of the company declined Rs 10.8, or 2%, to trade at Rs 530. The total volume of shares traded was 3,353 at the BSE.
[Via: myiris]
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