Bajaj Auto Limited, one of the largest two-wheeler and three-wheeler manufacturing company in India, is targeting 20 percent sales growth over the current fiscal.
Considering increased demand being noted and with a lineup of new products, Rajiv Bajaj has said that their current capacity will not be enough in about 18 months. In order to take care of this problem, a new production facility is being set up at Chakan, Pune. This new unit will have initial capacity of 50,000 units per month and is set to commence production by early 2016.
In the month of March 2015, Bajaj reported a decline in both domestic sales as well as exports. Motorcycle sales dipped 22 percent to 2,09,937 units in March 2015 as compared to sales in the same month of the previous year while exports fell 16 percent to 98,703 units as against 1,18,183 units exported in March 2014.
For the month of April 2015, the company is targeting motorcycle sales of 1.70 lakhs and 1.80 lakhs in May. For FY 2015/16, Bajaj is expecting average motorcycle sales of 2 lakh units and average three wheeler sales of 2.6 lakh units in the domestic market.
Speaking about recent launches, the company has launched Platina 100ES, CT100, Pulsar RS200, Pulsar AS200 and the AS150. This will be followed by three more Pulsar launches, one each in May, June and July. As per Rajiv Bajaj, all their new bikes are performing well in the industry.
Talking about their quadricycle project, RE60, Bajaj is still awaiting Supreme Court nod. With India launch taking time, thanks to their rivals, Bajaj is going ahead with exports of RE60. In a few weeks time, Bajaj will export RE60 to countries such as Sri Lanka, Nigeria and Egypt.
via Money Control