Bajaj Auto gains after posting strong auto sales for December. Three-wheeler sales have hit a record this time around. In an interview with CNBC-TV18, S Ravikumar, President - Business Development of Bajaj Auto spoke about the latest happenings in his company and sector.
This quarter has been great for three-wheeler segment both domestic and exports. We have done almost about 118 percent growth in domestic and 200 percent growth in exports, he said.
Going forward, this type of a growth rate will sustain at least for the next 4-5 months, he added.
According to him, export numbers are much more steadier.
Speaking about new product launches, he said we have already started production in our plants, both Waluj as well as the Pantnagar plant. We are going to unleash two Discovers in the market, production has already started in December, said Ravikumar.
We are quite sure that they are not going to cannibalise any of our models, we are going to hit into the belly of the market and in addition, this quarter we will have the full quarter benefit of this addition and going forward some more product action is going to be in place, he further mentioned.
We are quite confident that we will deliver the type of numbers in domestic that we alluded to in the past, he said.
For full interview, watch accompanying video...
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