Bajaj motorcycles lead industry growth

01 Feb 2005

Bajaj motorycyle sales were 132,028 units in January 2005 v/s 84,500 units in January 2004 representing a 56.3 per cent growth — ahead of the estimated industry growth of 24 per cent. Its market share for the month was 29 per cent, up from 23 per cent

This is the fourth consecutive month that Bajaj's motorcycle volume increase has been the highest in the industry.

January 2005 Sales:

Jan 2005
Jan 2004
Change %
Motorcycles
132,028
84,500
56.3
Total two-wheelers
142,294
106,872
33.1
Three-wheelers
16,415
20,150
-18.5
Total two- and three-wheelers
158,709
127,022
24.9

Sales for the year till date:

April 2004 - Jan 2005
April 2003 - Jan 2004
Change %
Motorcycles
1,185,594
845,158
40.3
Total two-wheelers
1,320,311
1,063,039
24.2
Three-wheelers
184,675
188,895
-2.2
Total two- and three-wheelers
1,504,986
1,251,934
20.2

The company plans to introduce two new motorcycles in April-June 2005, one each in the entry and premium segments. Moreover the company plans to raise capacity to 200,000 motorcycles a month by July 2005.

Its sales target for FY 2005 is 1.5 million motorcycles — a 50 per cent growth against the expected industry growth of about 20 per cent.

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