Bajaj Auto: Sales slip in June, expected to zoom to 3.5lakh units in August


New Delhi: S Ravikumar conveyed that, even as the business grew 7 percent in the motorcycle division, the corporation grows 9 percent. Bajaj Auto fell 0.41% to Rs 2,658 at 9:59 IST on BSE subsequent to the company reported 4% decrease in entirety sales to 3.16 lakh units in June 2016 over June 2015. The corporation proclaims the journal sales amount data throughout trading hours. In the meantime, the BSE Sensex was up 175.81 points, or 0.65%, to 27,320.72. He is optimistic that new commence like the V15 and the Avenger portfolio will timepiece enhanced sales statistics formerly the torrential rain is over.  In August, he expects sales for the corporation to be in the range of 3.5 lakh. In July, he forecasts household sales and exports put mutually will be approximately 3.25 lakh units.

Nigeria had at present conveyed that it would let its legal tender naira drift and grow weaker subsequently week. Ravi Kumar suppose that the Nigerian administration be in motion is the right thing to do, totaling that the corporation will remain it.  He also conveyed that, in the most horrible months, exports were below 100,000. At the present, it is approximately 125,000 and departing onward in July, it will about the similar figure.  In the motorcycle space in the household freedom, V brand is charge approximately 265000 units for previous month, and CT100 and Platina have jointly complete 70,000. At present, Bajaj Auto has a marketplace share of 35 percent in the admission division and the in general share is about 20 percent. Whole sales of motorcycles and commercial vehicles in the household market rose 11% to 1.93 lakh units in June 2016 over June 2015. Combined exports of motorcycles and commercial vehicles fell 21% to 1.23 lakh units in June 2016 over June 2015. Bajaj Auto's net profit rise 29.2% to Rs 803.06 crore on 14.7% go up in net sales to Rs 5303.89 crore in Q4 March 2016 over Q4 March 2015. Bajaj Auto is single of the foremost two-and three-wheeler producer in India.