Despite Bajaj Auto’s monthly sales figure being below street expectations, the stock has been up on the back of a spectacular guidance stating a run rate of 400,000 total sales in September and October.
The auto major’s total sales for the month of August stood at 3,37,000 units as against 3,19,000 units month-on-month (MoM), up around 8 percent year-on-year (YoY), said S Ravikumar, President - Business Development and Assurance, Bajaj Auto.
In an interview with CNBC-TV18’s Latha Venkatesh and Sonia Shenoy, Ravikumar said their motorcycle sales stood at 2,84,000 units, up 6 percent MoM.
Bajaj Auto’s three-wheeler sales stood at 52,500 units as against 51,451 units MoM. Ravikumar further anticipates three-wheeler sales to be 55,000 units per month hereon.
Last month, the company launched two new variants of the new Discover 150 cc, expecting a turnaround in Discover market share by September-October 2014. Going forward, he sees new Discover sales growing to 25,000-30,000 units per month as compared to a monthly sale of roughly 17,500 units.
The company’s exports have escalated to 1,75,000 units as against 1,69,000 units M-o-M, he said adding that beyond festive season too, 2,00,000 domestics will be sold with an additional sale of 3,50,000 units from bikes.
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