4-Jun-2013
New Delhi: A day after Bajaj Auto disappointed with its May sales numbers coming in 4 per cent lower than last year mainly on exports for the month falling 14 per cent, the company's managing director today said that in the next few months, the company sees exports picking up.
However domestic sales are seen to be tepid, Bajaj Auto managing director Rajiv Bajaj told NDTV
"Exports will grow but can't say the same about domestic sales," Mr Bajaj said.
Mr Bajaj called the May performance a "one-off" and said in a month or two, exports will stabilise.
The motorcycle business is expected to be a "mixed picture" he said adding, "See a relatively weak two-wheeler market in June, July, August."
Bajaj Auto has been facing stiff competition from Hero MotoCorp that registered an all-time high monthly sales figure of 5,57,890 units in May, up from 5,56,644 units last year.
"As far as three-wheelers are concerned we have done well to demonstrate 14 per cent growth ...I believe we can do better," Mr Bajaj said adding, "We're launching the first of many new three-wheelers this month."
Despite exports falling sharply, domestic sales for Bajaj Auto were up in May by 3 per cent owing to the launch of new 'Discovers'.
"Demand was driven by the marriage season in the North,"Mr Bajaj said.
At 2:20 pm Bajaj Auto stocks were trading 0.16 per cent up at Rs. 1,765, after recovering from yesterday's slump to Rs. 1,746 post the weak May data.
Source:-profit.ndtv.com
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