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.

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New bikes are making their way into company dealerships across the country and six new motorcycles are being planned so as to ensure that the company regains lost ground.

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.