Tough times ahead, those who come up with better bikes will do well, says Bajaj
“Nothing has changed, sales are difficult to come by,” Bajaj said at the company’s corporate office in Pune on Monday, at the launch of the Discover 100 Tourer, the new 100 cc motorbike from the Bajaj stable.
“Consumer sentiment is weak but it is still a market that sells 8 lakh motorcycles a month and there is more than enough for everybody,” the Bajaj chief said, adding that the December numbers may have raised false hopes since the road ahead looked difficult.
Bajaj Auto is set to report its third quarter numbers on January 16 and is riding high on some good numbers it achieved in December. Bajaj reported a 13% y-o-y growth in sales in December, its best ever sales for the month.
“We have done well in quarter one and two, we launched the Discover SS, Pulsar 200 NS and the Discover 125 ST to keep up the momentum,” Bajaj said pointing out that while the April to September period had been difficult, the festival season from October till mid December had been better — but was over.
Companies that are able to come up with better products will be able to do well, he said, observing that apart from the Discover 100T, more launches were on the anvil
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