By Santanu Choudhury/ Bloomberg
New Delhi: Bajaj Auto Ltd, India’s second-biggest motorcycle maker, reported a 10% fall in sales in April as demand for motorcycles waned.
Bajaj Auto sold 190,052 motorcycles, scooters and three-wheeled auto rickshaws in India and overseas last month, compared with 212,123 a year earlier, the company said on 2 May. This included exports of 51,926 units.
It is the third straight decline in monthly sales for Pune, India-based Bajaj Auto, which trails Hero Honda Motors Ltd in the world’s biggest motorcycle market after China.
Bajaj Auto sold 164,304 motorcycles in April, a 13% decline from a year earlier, Rajiv Bajaj, the company’s managing director said.
The company will introduce a new motorcycle in the second quarter of the current fiscal year that began 1 April, Bajaj said. The motorcycle will be made at a factory in the western Indian city of Aurangabad.
Bajaj has a total of four factories in India, including one at Pantnagar in the northern state of Uttaranchal. The Pantnagar plant started operating on 9 April.