Bajaj Auto records 'highest-ever retail sales in Oct"
October has been an honest month for Bajaj automobile that saw it clock its highest-ever retail sales.
"We have highest ever retail sales of all businesses in history of Bajaj automobile throughout Oct 2019. we've got seen twenty eight % growth over merry season YoY," Rakesh Sharma, administrator, Bajaj Auto, told CNBC-TV18.
The company saw its best business vehicle (CV) retail sales throughout the month and inventory was during a manageable zone and also the gap stock was rock bottom in last twenty months. "Last resort of discounting bet was a really poor thanks to fight now," he said.
"We have highest ever retail sales of all businesses in history of Bajaj automobile throughout Oct 2019. we've got seen twenty eight % growth over merry season YoY," Rakesh Sharma, administrator, Bajaj Auto, told CNBC-TV18.
The company saw its best business vehicle (CV) retail sales throughout the month and inventory was during a manageable zone and also the gap stock was rock bottom in last twenty months. "Last resort of discounting bet was a really poor thanks to fight now," he said.
The two-and-three-wheeler maker sold-out four.63 hundred thousand units in Oct 2019, nine % lower YoY because of weak domestic business, however was prior Nomura expectations of four.36 hundred thousand units. Month-on-month, total sales enlarged fifteen.2 % because of demand throughout the pageant season and better discounts.
Domestic sales declined thirteen % year-on-year to a pair of.78 hundred thousand units, whereas exports fell one % to one.84 hundred thousand units, the corporate aforementioned during a mad cow disease filing.
Motorcycle sales in Oct 2019 stood at three.99 hundred thousand units, eight % lower YoY, and 3-wheeler sales born thirteen % to sixty four,295 units compared to Oct 2018.
"We ar happy that 1/2 sales was driven by new motorcycles launched within the last six months, and brought down inventory," Sharma aforementioned.
Considering the robust performance, Bajaj automobile ought to have conjointly captive market share a small amount, tho' it had been a small amount early to speak regarding it, he said.
"Given the feedback from all branches and competition, we've got outpaced the business growth by fifteen share points, tho' we do not recognize the precise numbers," Sharma aforementioned.
He aforementioned when the pageant season, sales tend to fall, however the corporate would see similar kind numbers in Gregorian calendar month.
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