Two-wheeler maker Bajaj Auto's profit is likely to increase 9.3 percent year-on-year to Rs 1,020.6 crore but revenue may be flat at Rs 6,103 crore against Rs 6,097.8 crore due to tepid volume growth.
Speaking to CNBC-TV18, S Ravikumar of Bajaj Auto said while the industry grew 7 percent in the motorcycle segment, the company's grew 9 percent.
S Ravikumar, President-Business Development, Bajaj Auto says healthier mix and exports will aid realizations to move northwards.
Bajaj Auto‘s domestic market share in motorcycles is now down to around 18 percent, down from a high of about 27 percent in 2011.
S. Ravikumar, President-Business Development, Bajaj Auto, says exports have been a problem and typically one quarter every year would be soft due to varying reasons. The decline this year was largely due to forex volatility (Nigeria) and political issues (Nepal) in most of the company's export markets.
Dsa says the company lost some numbers in Nepal because of the disturbance in that country. He says the response to the new Avenger series has been encouraging, and there have been 7000 bookings already
The company will be expanding its Avenger range of cruiser bikes through introduction of three new models this month.
Bajaj Auto will also be launching a new motorcycle brand after a decade. Right now, it has three brands - Discover, Pulsar and the Platina
Three factors resulted in Bajaj Auto's market share falling off the cliff. Here's how the company is making a comeback.
Rajiv Bajaj, managing director, Bajaj Auto says one can expect new Avenger and Pulsars from March until June.
The Pune-based company had earlier raised prices of its Pulsar model range by Rs 1,000 at the end of festival season this year.
Bajaj Auto Union sources said that there were no indications from the management about holding talks to resolve the issue so far.
Bajaj cruisers have always been a little difficult to judge. They certainly look the part, but have always shared their engine with the flagship model of the range, which is a sportbike.