Oct 03, 2013, 10.53 AM IST
Speaking to CNBC-TV18, Rajiv Bajaj, managing director, Bajaj Auto says the Q2 is known as the most difficult quarter because it comes in between the marriage season in the first quarter and the festive season in the third quarter.
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Will hike prices by Rs 500-5000; worst over: Bajaj Auto
Speaking to CNBC-TV18, Rajiv Bajaj, managing director, Bajaj Auto says the Q2 is known as the most difficult quarter because it comes in between the marriage season in the first quarter and the festive season in the third quarter.
Like this story, share it with millions of investors on M3
Will hike prices by Rs 500-5000; worst over: Bajaj Auto
Speaking to CNBC-TV18, Rajiv Bajaj, managing director, Bajaj Auto says the Q2 is known as the most difficult quarter because it comes in between the marriage season in the first quarter and the festive season in the third quarter.
Speaking to CNBC-TV18, Bajaj says the Q2 is known as the most difficult quarter because it comes in between the marriage season in the first quarter and the festive season in the third quarter. "Hence, one is always happy to see the back of the second quarter," he says.
On the road ahead, Bajaj expects to hold on to the 3.25- 3.5 lakh sales per month for the next three months and adds that the demand issues in its African segment have now been settled.
However, what may not be received very happily by customers is Bajaj's guidance of an imminent product price hike. The range for the hike is likely to be between Rs 500 and Rs 5000, adds Bajaj.
Below is the edited transcript of Bajaj's interview to CNBC-TV18.
Q: Do you think the worst is over?
A: I would say yes in the sense that it is well known that the second quarter is the most difficult quarter of every fiscal year. This is because it gets caught between the marriage seasons in the first quarter and the festive in the third quarter and also is overwhelmed by the monsoons, particularly in rural markets. So in that sense, yes one is always happy to see the back of the second quarter.
More to come.
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