Bajaj Auto to Export Bikes and Three Wheelers to Thailand

25/07/2017 - 11:26 | Bajaj | Dhruv Saxena

Bajaj Auto is all set to increase its presence in the South East Asian market in the coming months by commencing exports of two and three wheelers to Thailand. It is one of the five new markets Bajaj plans to enter this fiscal according to a report that came out in May.

Bajaj Auto to Export Bike and Three Wheelers to Thailand
Bajaj Auto to start exporting two wheelers and three wheelers to Thailand in the coming months continuing its expansion in the South East Asian market.

"South East Asia is a big market for two-wheelers. We are getting good response from Malaysia and now in couple of months will also start exporting to Thailand," Bajaj Auto President (Business Development and Assurance) S Ravikumar told PTI.

Bajaj Auto currently exports to various markets in the South East Asian region including Philippines, Singapore, Myanmar, and Malaysia. In May, Bajaj kicked off operations in Malaysia in association with local manufacturer Modenas and the company claims to have witnessed robust growth in the market. New markets have also helped Bajaj reduce dependence on traditional high volume markets like Sri Lanka and Nigeria which dipped last year.

In the last quarter (April-June), Bajaj Auto exports stood at 409,525 units. The company managed to cross the 4 lakh mark after five quarters. Expansion to new markets will only help add to this number.

Bajaj Auto to Export Bikes and Three Wheelers to Thailand
Bajaj Auto exports crossed 4 lakh units in the last quarter for the first time in five quarters.

As far as Bajaj's domestic sales are concerned, the company feels the market will stabilise only in September as there still turbulence from the implementation of the GST structure. While the spokesperson did not comment on new models in the pipeline, the company's MD Rajiv Bajaj confirmed new models of the Pulsar, Dominar and Avenger by December.

[source - PTI]

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