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Bajaj Auto sees slowdown, may cut production

Bajaj Auto sees slowdown, may cut production
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First Published: Thu, Oct 16 2008. 12 47 PM IST
Updated: Thu, Oct 16 2008. 12 47 PM IST
Mumbai: Bajaj Auto may cut production as it sees a slowdown in motorcycle sales after the current fetival season, an executive director said on Thursday.
“We are preparing for a slowdown. This is the festive season, so demand is high but product rationalisation may happen from mid-November,” Sanjiv Bajaj told reporters at a conference.
“Production cut is not a bad word for us.”
Bajaj also said the company was extending credit directly to dealers and making faster payments to suppliers amid tight liquidity in the financial system.
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First Published: Thu, Oct 16 2008. 12 47 PM IST