Bajaj Auto two-wheeler Dec sales down 33%

Bajaj Auto two-wheeler Dec sales down 33%
PTI
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First Published: Thu, Jan 01 2009. 02 50 PM IST
Updated: Thu, Jan 01 2009. 02 50 PM IST
New Delhi: Bajaj Auto today reported 33% decline in two-wheeler sales during December last year at 119,215 units against 177,249 units in the same month previous year.
The company said its motorcycle sales also declined by 33% at 118,510 units against 176,441 units in December 2007.
Three-wheeler sales during the month grew by 3% at 22,948 units against 22,221 units in the same month of the previous year.
The sharp reduction in two-wheeler primary sales reflect the continuing effort to reduce dealer inventories, Bajaj Auto Managing Director Rajiv Bajaj said in a statement.
“In keeping with its objective to stimulate demand through a major product offensive, Bajaj will, in January 2009, launch an all new motorcycle,” he added.
The first of several models to be introduced in 2009, the new bike, will target ‘Sport Commuter´ segment and is intended to further Bajaj’s leadership in the 125 cc+ segment, he said.
For the April-December 2008 period, total motorcycle sales were down eight per cent at 1,534,149 units against 1,660,182 units in the corresponding period previous year.
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First Published: Thu, Jan 01 2009. 02 50 PM IST