Bajaj Auto reported a 15% drop in motorcycle sales during November 2013 to 2.78 lakh units. The company’s commercial vehicle sales have dropped by 30% to 31,888 units.
The total sales of two and three-wheelers at Bajaj Auto fell by 17% to 3,10,591 units pushing it to the number three slot in the market behind Hero MotorCorp and Honda MotorCorp during November 2013.
Hero had total sales of 5.30 lakh units with a 6% growth while Honda sales were at 3.19 lakh units with a 43% growth. While Hero and Honda had reported good festival sales riding on the back of promotions Bajaj could not gain from the festival season and had no special offers or exchange promotions which the company stays away from.