Bajaj Auto exported 1,218,541 motorcycles in the financial year 2016-17.
Bajaj Auto in April 2017 registered exports of 151,913 units (motorcycles and commercial vehicles) which is a jump of 46 percent on a year on year basis. Mr S Ravikumar, President, Business Development, Bajaj Auto, has attributed this rise to strong performance in South Asia, Nepal and Bangladesh, in an interview to MoneyControl.
Markets like Sri Lanka and Nigeria are still not performing at expected levels but the latter registered a volume of almost 16,000 units of two-wheelers in April 2017. Total motorcycle exports amounted to 132,002 in April 2017 as against 91,465 units in the same time last year.
Mr Ravikumar said
Apart from some up-down movement in Mexico depending upon what President Trump talks, the Latin America markets have been stable, Philippines has been doing very well, Malaysia, we are ready to go and everything is done and ready there. So, exports, still we will take it month-by-month because not all problems are behind us, not all countries are stable, and not all currencies are stable already. However, for the first time I would like to say that this year looks quite good, I am cautiously optimistic but after many months I am using that term exports now.
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Bajaj’s domestic sales were 161,930 motorcycles in April 2017, a 19 percent drop from 200,433 units sold in April 2016. Mr Ravikumar added that this is primarily because the heavy discounts on BSIII models prompted a lot of people to advance their purchase.
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Bajaj also expects the Dominar 400’s exports to grow in the near future with the bike heading to more international markets in the second half of the year.
[Source: MoneyControl]
