Bajaj Auto 's total sales plunged 18 percent year-on-year to 2.81 lakh units in July, as motorcycles continued to see lacklusture demand.
The Pune-based motorcycle maker has launched several new models like the Discover ST, Discover 100T in the last several months and more Discover models are around the corner.
Yet, the company finds itself driving down a rough road. Its motorcycle sales in July were down 20 percent to 2.47 lakh units. Over April-July period, Bajaj Auto's motorcycle sales have declined 14 percent to 11.07 lakh units.
The two-wheeler industry as such has been facing sluggish demand in the past several months. However, rivals' July sales figures indicate a far smoother road.
Honda Motorcycle and Scooter India, for instance, said its sales last month were highest ever in its 13 years of Indian operations. The company sold 2.87 lakh two-wheelers in July, up 20 percent from a year ago, helped by "overwhelming response" for the Dream series of motorcycles, even as its Activa and other scooters continue to see strong demand.
Hero MotoCorp , India's largest two-wheeler maker, also reported a marginal rise in two-wheeler sales at 4.88 lakh units, helped by good demand for its Glamour and Ignitor motorcycles and Pleasure and Maestro scooters.
TVS Motor 's sales in July declined 5 percent year-on-year to 1.54 lakh units. But its motorcycle sales were up 8 percent to 57,886 units.
Bajaj Auto is the only company that doesn't make scooters and Rajiv Bajaj, the company's MD has said in the past that it is the motorcycle segment that will be its focus.
He maintained on Friday that a fall in its motorcycle sales reflects the state of the industry and July is traditionally weak for motorcycles.
The strike at its Chakan plant near Pune did not have any impact on the sales, Bajaj told CNBC-TV18.
Meanwhile, Bajaj Auto's three-wheeler commercial vehicles also saw low demand in July, sales declined 2 percent to 34,499 units.
Its total exports were also down 12 percent to 1.10 lakh units.
For the April-July period, Bajaj Auto's total sales have declined 11 percent to 12.61 lakh units.
Bajaj Auto was trading down 1.1 percent at Rs 1,912.70 on NSE in morning trade.
Anda sedang membaca artikel tentang
Bajaj Auto's July sales plunge 18% to 2.81 lakh units
Dengan url
https://olahragakecantikan.blogspot.com/2013/08/bajaj-autos-july-sales-plunge-18-to-281.html
Anda boleh menyebar luaskannya atau mengcopy paste-nya
Bajaj Auto's July sales plunge 18% to 2.81 lakh units
namun jangan lupa untuk meletakkan link
Bajaj Auto's July sales plunge 18% to 2.81 lakh units
sebagai sumbernya
0 komentar:
Posting Komentar