Bajaj Auto reports 8% decline in sales in May 2009
While most other two-wheeler manufacturers reported an increase in sales in May this year, Bajaj Auto logged an 8.13% decline in sales during the month. The Pune-based company's motorcycle sales during May this year stood at 165,049 units as against 179,649 units sold during May 2008.
Bajaj's total two-wheeler sales during May this year stood at 165,697 units, as against 180,935 units during May last year. The company's total sales (including three-wheelers) stood at 185,341 units during May 2009, as compared to 201,511 units during May last year. Exports went down from 60,215 units in May 2008 to 58,682 units during May this year.
Bajaj, which has already launched upgraded versions of its Pulsar 150 and 180 models, is expected to also launch a revamped version of the Pulsar 220 DTS-Fi later this month. However, there is no word on the launch of the Kawasaki Ninja 250R, which was earlier supposed to be launched during May 2009.
[Via: indiaautomotive]
Hero Honda sales down 10.2% in December 2008
Hero Honda has reported a 10.2% decline in sales for December 2008, at 215,931 units, against 240,532 units sold in December 2007. However, the company posted a 9% growth in sales for calendar year 2008, selling 3.6 million units during the year, compared to 3.3 million units sold in 2007.
[Via: indiaautomotive]
TVS Motor scales down investment plans
India's third-largest two-wheeler manufacturer, TVS Motor Company Ltd. is scaling down its investment plans in India, owing to weaker demand and tight availability of consumer finance.
TVS, which was earlier planning to invest about Rs 1 billion per annum on expansion, will now only invest about Rs 750 million per year for the next two years. 'We have seen low growth and will only invest for new models and R&D projects now,' said Venu Srinivasan, Chairman and Managing Director, TVS Motor. 'There is no significant investment in capacity. Given the turbulent conditions, we would trim our investments,' he added.
TVS Motor had recorded a 19 percent increase in total two-wheeler sales in September this year, but the company expects growth to slow down in the near future, primarily due to lack of availability of finance. 'We don't expect improvements till the end of 2009, as the global economy is slowing down. The crisis in the west is affecting us here, nobody is really willing to lend,' said Srinivasan.
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