Mumbai, May 1 (UNI) Bajaj Auto reported a 24 per cent increase in its motor cycle sales during April with volume increasing to 203,081 units as against 164,304 vehicles sold in April last year.
In the three-wheeler section, it however saw a negative 26 per cent growth with total sale's drop to 17,913 from 24,360 in April last year.
Overall volume grew by 17 per cent at 221,843 in April from 190,052 the previous year. Exports at 73,624 units at a 42 per cent growth.
In a release here Bajaj Auto MD Rajiv Bajaj said, motorcycle sales grew 24 per cent owing to the strong performance of its 125cc+ DTS-i portfolio; combined sales of Pulsar, Avenger, Discover, and XCD grew 34 per cent.
Consequently, in the 125cc+ segment which is now approximately 36 per cent of the motorcycle industry, Bajaj continues to lead with a market share of approximately 50 per cent.
Bajaj's immediate strategy is to introduce four well positioned 125cc+ motorcycles in FY09 in its endeavour to expand 125cc+ segment to represent 50 per cent of the industry by March' 09.
Lackluster market conditions continue to cause degrowth in Commercial Vehicles.
Strong export growth is expected to continue this year with exports expected at over 8,00,000 units.
UNI VK GR SM1237