Bajaj Auto Shows a Growth of 26% in Sales During March

The recent launches like the Bajaj’s V and Avenger are one of the main reasons behind the hike in sales.

Bajaj Avenger. (Photo Courtesy: Bajaj)

Bajaj Auto reported a 26 percent motorcycle sales increase in the domestic market at 2,64,249 units in March. The company had sold 2,09,937 units in the corresponding period a year ago. Total vehicle sales last month stood at 3,05,800 units, up 22 percent, as against 2,50,604 units in the same month a year earlier, Bajaj Auto said in a BSE filing.

The two-wheeler major said its exports rose 3 percent during the month to 1,01,519 units from 98,703 units in the corresponding period last year.

The 2015-16 fiscal year ended on 31 March 2016, wherein the company sold 33,58,252 bikes, up 2 percent, from 32,92,084 units in the domestic market in 2014-15. Total sales of the company stood at 38,93,581 units during the last fiscal, up 2 percent, as against 38,11,201 units in the 2014-15 financial year.

One of the main reasons for the increase in sales can be attributed to their recent launches, like the new Bajaj Avenger series and the Bajaj V.

Also Read: Bajaj’s V Is a Not-so-Impressive Attempt to Honour the INS Vikrant

(With inputs from PTI)