Bajaj Auto expects rise in sales on better demand

Bajaj Auto today said it expects an increase in the company's sales volume on account of better demand during the festive season.

"We expect the credit market to improve and the upcoming festive season to contribute in improving our sales. However, the monsoon remains a factor and we are closely watching the situation," Bajaj Auto Vice-Chairman Madhur Bajaj told reporters on the sidelines of Federation of Automobile Dealers Associations function here.

He said the company is gearing up to launch some new models in both the two-wheeler and the three-wheeler categories, but did not divulge details.

"The monsoon has somewhat dampened the two-wheeler market and it has impacted our company also. However, we expect sales to improve in the coming months," Bajaj added.