Financial Daily from THE HINDU group of publications Thursday, Dec 02, 2004 |
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Corporate
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Performance Bajaj Auto sales up 35% in Nov Our Bureau
Mumbai , Dec.1 BAJAJ Auto Ltd said that it has had a record sale of two- and three-wheelers during November at 1,82,360 units, a 35.7 per cent increase from last November's sales of 1,34,363 vehicles. Motorcycle sales also touched a record high of 1,66,626 units, higher by 47.2 per cent from last November's 1,13,164 units. Exports moved up marginally to 15,519 vehicles (15,424 vehicles). For the April-November 2004 period, total vehicle sales increased by 15.6 per cent to 11,77,471 units (10,18,164 units). Motorcycle sales during the eight-month period increased by 32 per cent to 9,09,839 units (6,89,035 units). Three-wheeler sales increased by 4.3 per cent to 1,53,555 units (147,262 units). Bajaj Auto said primary sales to dealers could not match secondary sales (dealers to customers) to the extent of 2,00,000 vehicles. This was particularly in the case of Bajaj Pulsar, Bajaj three-wheelers, two- and three-wheeler exports due to production and distribution constraints. As Bajaj plants are closed for annual plant maintenance in the last week of December, the shortages in product availability are expected to be gradually overcome during the last quarter of the fiscal, a news release said.
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