Market decline

Bajaj Motorcycles’ domestic sales fell 14% in March 2017, Auto News, ET Auto

File photo: Eric Vas & Rajiv Bajaj at the launch of Bajaj Dominar 400

New Delhi: Chakan-based motorcycle maker Bajaj Auto announced in an ESB filing that its motorcycle sales in March 2017 fell 14% in the domestic market, with the company selling 151,449 units from 176,788 units in March. 2016. However, exports grew by 6% as the company exported 92,786 units last month.

Bajaj’s overall commercial vehicle sales (domestic + export) also fell by more than 33%, with CV registering an overall sales of 27,962 units last month, down from 41,551 units in the same month last year.
Bajaj’s overall sales in March 2017 were down 11%, the statement in the BSE filing said.

Read also : Kawasaki and Bajaj to end their alliance in India from April 1, 2017

Overall, in fiscal year 2016-17, Bajaj Motorcycles’ domestic sales increased by 5% as the company sold over 20.01 lakh units compared to 18.98 lakh units in 2015-16 fiscal year.

The company’s exports during the year were down 16% and, overall, the company’s motorcycle sales were down 4% in fiscal year 2016-17.
Bajaj Auto’s total sales (domestic sales + exports) in fiscal year 2016-17, including its motorcycles and utility vehicles, recorded total sales of over 36.65 lakh units, 6% lower than the previous exercise. The company sold 58.93 lakh units in the 2015-16 financial year.