Bajaj Auto today reported a decline of 14.69% in motorcycle sales at 2,78,703 units in November 2013.The company had sold 3,26,727 units in the corresponding month last year, Bajaj Auto Ltd (BAL) said in a statement.
Bajaj Auto is the latest company to spring a positive surprise on the market with its second quarter numbers. The company's performance has been driven by exports, favourable product mix and improved realisations.
Motorcycle manufacturer, Bajaj Auto announced the launch of its new 100cc bike – Discover 100M which will be manufactured at both Walunj and Pantnagar facilities on a new platform, K Srinivas, president, motorcycle business, Bajaj Auto, said.
Motorcycle manufacturer Bajaj Auto Ltd is likely to raise prices of its vehicles in the near term to offset the impact of high input costs and a weak rupee, its Managing Director Rajiv Bajaj said on Friday.
The high double-digit domestic growth historically seen in India’s two wheeler industry is hitting the skids as we think increasing penetration means the era of stable and sustained double-digit growth in the domestic market is over.