Bajaj Auto sales decline 16% in November 2013
Bajaj Auto India during the past month has seen marked dip in sales which declined 16% YoY to 3,10,591 units. Motorcycle sales declined 15% to 2.78 lakh units while domestic sales declined 28%. Exports on the other hand showed better results with exports growing to 1,33,731 units during November 2013 as compared to 1,24,115 units exported in the month of November 2012, an 8% increase.
Three wheeler sales also saw a dip in demand with sales falling to 31,888 units, a 30% decline in sales as compared to sales during the month of November 2012.
Corporation Bank and Bajaj Auto Ltd has signed a MoU as preferred financier for financing its three-wheelers in India. “The bank is in the forefront of offering value-added and innovative retail products and services to its customers. The tie-up with Bajaj Auto Ltd is one more step in this direction,” Karthikeyan said, adding that their turnaround time for processing and sanctioning of loan was among the best.