homeauto NewsHigh single digit negative growth seen during Navratri: Bajaj Auto

High single-digit negative growth seen during Navratri: Bajaj Auto

According to the Federation of Automobile Dealers, two-wheeler sales were down 17 percent on a year-on-year basis during Navaratri. High fuel prices are also impacting buyer sentiment. Bajaj Auto is the largest exporter of motorcycles. CNBC-TV18’s Parikshit Luthra spoke to Rakesh Sharma, Executive Director of Bajaj Auto.

By Parikshit Luthra  Oct 21, 2021 6:22:53 PM IST (Published)

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According to the Federation of Automobile Dealers, two-wheeler sales were down 17 percent on a year-on-year basis during Navratri. High fuel prices are also impacting buyer sentiment. Bajaj Auto is the largest exporter of motorcycles.

Rakesh Sharma, Executive Director at Bajaj Auto, said, “We track motorcycles, and we are still, let us say, one-third into the season; so this might be a little bit premature. But, if one compares the first day of the 35-36-day festival period, with like-for-like of those 10 days last year, then yes, I will say that we are negative, we are about high single-digit negative over last year. So, it is a slow start. But having said that, there are various things which have, sort of got delayed, whether it is the bonus by the government agencies, etc. which is sort of unfolding as we speak. So, one is hopeful that the balance half of the 36-day season should see a smart recovery.”