Bajaj Auto may post negative growth in Q1 on poor bike sales
Interestingly, in the first quarter of 2012 fiscal, the company recorded total motorcycle sales of 963,051 units (828,391 units in Q1 FY11), a growth of 16%. With negative growth of 1.77% being recorded in the first two months of the first quarter of 2013 fiscal, the company expects to end the quarter with a major negative growth on the domestic motorcycle sales front.
On the other hand, the industry has grown 6.89% in the first two months of 2013 fiscal on domestic motorcycle sales front with a total volume of 1,749,236 units against 1,636,474 units sold in April-May 2011, according to data.
Speaking to the FE, K Srinivas, president (motorcycles), Bajaj Auto, said: “It is a challenging time for us. The retail market did not pick up as expected in the first quarter of this fiscal due to petrol price hike and inflation. We hope the trend to continue in the second quarter, too,
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