Two-wheeler sales remain sluggish and there are no concrete signs of a pick-up yet, Rajiv Bajaj, MD, Bajaj Auto said on Monday.
Bajaj introduced its latest offering in the 100cc segment, Discover 100T. Based on Bajaj's Discover 125ST platform, this new bike promises excellent power along with superb economy.
Two-wheeler major Bajaj Auto is planning to export its latest 100cc motorcycle "Discover 100T" (Tourer) after 4-5 months as part of strategy to ramp up product offerings in overseas market, a company official said.
Kotak Institutional Equities on Wednesday downgraded Bajaj Auto to "reduce" from "add," saying valuations had reached a historical high and it sees limited re-rating triggers from current levels.
Year 2012 was lacklustre for the two-wheeler industry. Bajaj Auto's managing director Rajiv Bajaj expects growth in 2013 to be flat too.