Speaking to CNBC-TV18, Bajaj Auto Managing Director Rajiv Bajaj said the company's market share in the motorcycle segment has been stable at 18-19 percent for the last few months.
Honda has been increasing its presence at the expense of Hero and Bajaj.
Rajiv Bajaj
MD
Bajaj Auto
Bajaj Auto 's June sales declined 13 percent to 3.05 lakh units over the previous month, as motorcycle sales fell 16.3 percent.
The company sold 2.62 lakh motorcycles in June, compared to 3.13 lakh in May.
The company's three wheeler sales rose around 13 percent to 43263 units month-on-month, but were not enough to offset the weakness in motorcycle sales.
The downtrend was seen in overall exports as well, with the company selling 1.35 lakh units (motorcycles and three-wheelers) compared to 1.56 lakh units in May.
Year-on-year, total sales, as well as those of motorcycles, were up 3 percent each.
Speaking to CNBC-TV18, Bajaj Auto Managing Director Rajiv Bajaj said the company's market share in the motorcycle segment has been stable at 18-19 percent for the last few months. On market share trends, Bajaj said Honda has been increasing its presence at the expense of Hero and Bajaj.
He said the Pulsar segment (sports bike) saw a double digit growth in June. Bajaj is aiming for a similar growth rate in both its domestic and export markets.
The company is planning to launch an upgraded version of Discover next month. In an interview last month, Bajaj had said that pushing sales of Discover continued to be a challenge. Bajaj is pinning its hopes on Discover to recoup its market share in the motorcycle segment.
Bajaj Auto stock price
On July 02, 2014, at 11:12 hrs Bajaj Auto was quoting at Rs 2350.00, up Rs 20.25, or 0.87 percent. The 52-week high of the share was Rs 2363.90 and the 52-week low was Rs 1683.35.
The company's trailing 12-month (TTM) EPS was at Rs 112.08 per share as per the quarter ended March 2014. The stock's price-to-earnings (P/E) ratio was 20.97. The latest book value of the company is Rs 332.04 per share. At current value, the price-to-book value of the company is 7.08.
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