Bajaj Geared-Scooter Sales Look Up

Image
BUSINESS STANDARD
Last Updated : Jun 04 2001 | 12:00 AM IST

Bajaj Auto has registered a marginal increase in geared scooter sales in May for the first time in several months, though sales volumes are still a shadow of that two years back.

The company, which is the largest manufacturer of geared scooters in the world, sold 44,923 scooters in May 2001 against 44,563 units in May 2000.

The arrest in the decline of geared scooter sales has come barely a month after it registered one of its worst-ever performances, primarily due to the drastic fall in geared scooter sales.

Also Read

The company had posted a 23 per cent decline in geared scooter sales in April 2001 over April 2000.

In a press release, R L Ravichandran, Bajaj Auto vice-president (business development & marketing), said the company's recently launched economy version of geared scooters were responsible for their sustained volumes since January.

The company registered a seven per cent growth in overall two, and three-wheeler sales in May to 1,12,163 units. In the high-growth motorcycles segment, the company has registered a 42 per cent growth to touch 43,260 vehicles against 30,440 units last year.

Bajaj Auto, which has a licence agreement with Japanese motorcycle major Kawasaki, currently offers Boxer in the low-end motorcycle segment, Caliber in the mid-end segment and Eliminator in the high-end.

However, the company's sales in the ungeared scooters and step-through segments continued to shrink, with a 26.2 per cent and a 41.6 per cent decline, respectively, in May.

The company sold 5,149 units of ungeared scooters and 6,769 units of step-throughs during the month, against 6,982 ungeared scooters and 11.605 step-throughs a year ago. Also, its highly profitable three-wheelers registered a 14.4 per cent slide to touch 12,062 units.

*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Jun 04 2001 | 12:00 AM IST

Next Story