See exports of 1.7 mn units in FY18; 2-wheeler sports seg doing well: Bajaj Auto

The total sales for Bajaj Auto in the month of August were up 3 percent at 3.35 lakh versus 3.25 lakh units for the same month last fiscal. The domestic sales for the month of August were flat at around 2 lakh units Year on Year, but exports rose 7 percent at 1.34 lakh units versus 1.25 lakh units Year on Year.

The three-wheeler sales for the company were up 13 percent at 51,170 units versus 45,436 units YoY. Motorcycle sales were up 1 percent at 2.84 lakh units versus 2.80 lakh units YoY.

S Ravikumar, President - Business Development, Bajaj Auto is upbeat on the exports getting back on track for the company. He expects exports of 1.7 million units in FY18 versus 1.41 million units in FY17.

Speaking to CNBC-TV18, he says geographies like Philippines, Latin America, Egypt, East Africa, Nepal have stabilised. Currency and retail sectors have stabilized in Nigeria.

Commercial vehicle sales in the domestic saw a stellar performance at 29,000 units, it was the highest ever monthly billing done. Along with that domestic 3-wheeler sales also saw a bounce back, says Ravikumar, adding that the sports segment in 2-wheelers is firing well.

Therefore, outlook for the company going forward is quite positive, he adds.

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