GOLDEN INVESTMENT RESEARCH PRIVATE LIMITED
Bajaj Auto Jan total sales up 8% to 3.38 lakh units
DATE: 02-02-2012
Bajaj Auto 's total sales in January rose a slow 8% from a year ago to 337,875 units, as the slowdown seen in the two-wheeler sector post the festive season continued.
Its exports rose 13% to 116,996 units during the month, also slower than the 25% growth seen in December.
Bajaj Auto's motorcycle sales grew 7% year-on-year to 294,439 units and commercial vehicle sales were up 14% to 43,436 units
.
Over April-January period, Bajaj Auto's total sales are up 15% from a year ago at 36.70 lakh units.
Rajiv Bajaj, the company's MD told CNBC-TV18 that growth has tapered out but there is unlikely to be a de-growth.
He also expects exports growth to rebound again. Overall operating margins are likely to stay around 20%.
Bajaj said he was comfortable with an inventory of 18 days.
Bajaj Auto shares were trading down 0.7% at Rs 1,600 on NSE in morning trade on Thursday.
www.goldennifty.com
No comments:
Post a Comment