You are here: Home » Companies » News
Business Standard

Bajaj Auto upbeat on 3-wheeler sales

Targets sales of 300,000 units, or 17% growth over achievement in FY16

Topics
Bajaj Auto,

BS Reporter  |  Mumbai 

Three-wheeler volumes expected to grow 10% in FY17: ICRA report

the two and three-wheeler manufacturer is targeting sales of 300,000 three-wheelers this year, driven by its re-entry into the cargo segment.

This will translate into a growth of 17 per cent over 254,967 units clocked in last financial year. The Pune-based company recently launched a new range of Diesel vehicles under the brand Compact, Compact+, and Maxima.

Additionally, a new Cargo vehicle on the Maxima platform was also launched in the last quarter of the fiscal.

R C Maheshwari, President (Commercial Vehicle Business) Bajaj Auto said "We have seen significant growth in the Petrol + Alternate fuel vehicle category, where Bajaj Auto has a share of 90 per cent of the market. Backed by overwhelming customer response to our new range of Diesel passenger vehicles and our strategic re-entry into the three wheeler Cargo industry with a superior product, we are now targeting leadership in the diesel passenger segment and a double-digit growth in FY17."

 

 

 

Dear Reader,


Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.
We, however, have a request.

As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.

Support quality journalism and subscribe to Business Standard.

Digital Editor

First Published: Tue, April 19 2016. 17:26 IST
RECOMMENDED FOR YOU
.