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]
Bajaj Auto Q4 net profit down 49.79%
Bajaj Auto has reported a 49.79% decline in its net profit, at Rs 69.14 crore, for the period January-March 2009. The company had earned a net profit of Rs 137.71 crore in the year-ago period.
At 375,439 units, Bajaj's sales sales were down 22% during Q4 FY 2008-09, as compared to 482,912 units sold in the corresponding period last year. Consolidated total income during the quarter was down 8.61%, at Rs 1,883.27 crore, as compared to Rs 2,060.61 crore in Q4 FY 2007-08.
Bajaj Auto sold a total of 1.91 million two-wheelers during FY 2008-09, as compared to 2.1 million units during the year-ago period, a decline of around 11%. However, Bajaj is working on various things to remedy the situation. The company is working on a brand-new scooter with which it expects to be able to take on the Honda Activa, which is the biggest bestseller in its segment.
Bajaj is also pushing ahead with its made-in-China budget bikes for some of its exports markets. For India, the Pune-based company is all set to launch a new range of bikes, developed in collaboration with KTM, by early 2010.
[Via: indiaautomotive]
Bajaj Confident Of Beating TVS
Bajaj Auto has stated that it will be ahead of its arch rival TVS Motor, despite the sales gap narrowing between the two. Bajaj Auto is the country's second largest two-wheeler maker by sales and will launch 7-8 new models or upgrades this year in the two-wheeler segment.
"If you see figures of the total year the distance is very large. But, it was only in a couple of months where the distance went down. If you see the whole year, we were far ahead of TVS and we expect to be far ahead this year also," Bajaj Auto Vice Chairman, Madhur Bajaj said. "This year we expect the position to become better. We are coming out with 7-8 new models or upgrades and expect to generate a lot of interest through these," Mr Bajaj added.
Recent data released by the Society of Indian Automobile Manufacturers (Siam), suggested that while TVS and Bajaj reported a fall in sales in 2008-2009, the fall was steeper in Bajaj's case, where sales dropped by nearly a quarter, as opposed to TVS, which lost sales by more than a percent. This contrast made TVS inch closer to Bajaj.
[Via: Motorbeam]
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