Bajaj Auto may post negative growth in Q1 on poor bike sales

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fe Bureau: Chennai, Jun 29 2012, 01:30 IST

Bajaj Auto expects to post a negative growth in its domestic motorcycle sales in the first quarter of this fiscal as the retail sales continued to decline. In April 2012, the company reported a 2.17% growth to 200,228 units against 195,971 units in April 2011, however, it reported a negative growth of 5.30% in May 2012 to 206,751 units against 218,321 units sold in May 2011. In the first two months the company reported a negative growth of 1.77% in the domestic motorcycle sales with a total volume of 406,979 units against 414,292 units sold in April-May of 2011.

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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