Bajaj Tempo sales at Rs 1, 143 crore in FY 2003-04

Our Corporate Bureau
07 April 2004

Pune: Firodia group company Bajaj Tempo has announced sales of Rs 1,000crore for 2003-04. Moreover, for the first time in its history, within the last three months, the company''s sales have rapidly risen to Rs 1,143crore.

The company grew at the rate of 34 per cent the previous year and the growth was achieved across all the four segments in which the company operates viz three-wheelers, multi-utility vehicles (MUVs), light commercial vehicles (LCVs) and tractors.

The success the company is evident from the figures pertaining to the individual product sectors. The company''s MUV segment showed an impressive growth of 66 per cent over that of last year, while the three-wheeler segment experienced a 14 per cent growth. The LCV division grew at an impressive 32 per cent and the tractor division saw an increase of 10 per cent.

Abhay Firodia, chairman and managing director, Bajaj Tempo said, "Bajaj Tempo plans to cross the production target of 1,00,000 vehicles per year by 2005."

An interesting milestone achieved during this fiscal was the rollout of the 1,00,000th Trax vehicle. This range of tough, rugged, utility vehicles powered by the legendary BTL OM616 Mercedes engine is a major success.

During the last two years, the company has focused on the external value chain, and has undertaken the strengthening and energising of its sales channel.