Bajaj Auto sees big rise in Q3 sales
Bajaj Auto, which is a major player in the national two/three-wheeler space, has registered a progressive decline in sales in the first five months this fiscal. Sales plummeted by 10% during April-August due to high inflation coupled with a rising interest rate. The company sold 9,53,188 units of vehicles in the first five months of 2007-08 compared to 1,057,480 units of vehicles sold in the earlier corresponding period.
Talking to, BAL vice-chairman Madhur Bajaj said: “The festival season should bring good news. Diwali is the time when we generally witness strong sales. We are confident of witnessing growth in third quarter sales. We will offer new models in coming months. To beef up sales, we are likely to come up with exciting offers for Indian consumers.”
Mr Bajaj is also hopeful there will be a correction in interest rate in the coming months which will help the auto industry to grow. “The inflation has also eased to 3.25%. This is a positive sign for the overall economy. This will have an impact on the interest rate as well,” he added.
