Bajaj Auto expects to sell more than 4 mn vehicles in FY14

Written by Reuters | New Delhi | Updated: Oct 17 2013, 18:07pm hrs
Bajaj bikeBajaj Auto shares rose after the company reported 13 per cent increase in its net profit for the second quarter ended Sept 30.
Bajaj Auto, India's second-largest motorcycle maker, expects to sell more than 4 million vehicles in the current fiscal year that ends in March, its managing director told a television channel on Thursday, a day after its quarterly profit beat estimates.

"In terms of overall numbers, motorcycles plus three-wheelers, domestic and exports, I would be happy to say that it is going to be in excess of 4 million vehicles," Rajiv Bajaj told a TV channel.

He expects margins to taper down from the company's reported second-quarter operating margin of 23 per cent, due to high commodity price pressures.

The company sold 961,330 vehicles in the quarter ended September, down 8 per cent from a year earlier.