Bajaj Auto expects motorcycle sales to improve in January-March quarter
Bajaj Auto is expecting motorcycle sales to improve in the January-March quarter, said Rakesh Sharma, executive director of the company, adding that "one should not put too much emphasis on December numbers".
Bajaj Auto on Wednesday reported 18 percent increase in total sales in December at 3,46,199 units as against 2,92,547 units in the same month previous year.
Motorcycle sales grew 31 per cent to 2,98,855 units in December 2018 against 2,28,762 units in December 2017, the company said in a BSE filing.
However, the numbers are lower than estimates.
Sharma said that the December numbers were low because it was a transition month between one calendar year and another.
The industry is likely to see a growth of 10-15 percent in January-March quarter, he said, adding that the growth for Bajaj Auto would be higher than that of industry's.
"In calendar year 2019, we should see the company crossing the 5 lakh number slightly earlier than the season," he said.
First Published: Jan 2, 2019 12:57 PM IST
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