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Bajaj Auto - Automobile Sales-November 2012 - Eastern Financiers

Posted On: 2012-12-10 10:22:18

India's second largest two-wheeler maker, Bajaj Auto reflected murky sales performance during November 2012, post the festive month of October that witnessed growth in sales of around 4%. Sales growth during the November month edged lower by 0.58% with sales of 372293 units against 374477 units sold in November last fiscal that may primarily be attributed to the sluggish demand in motorcycle sales and slip in exports. The company marked degrowth in sales of 9.43% in November 2012 compared to the prior October month that marked the highest ever domestic sales. Total sales of the company during October 2012 stood at 411052 units.

Total Motorcycle sales of the company slipped 1.58% for the month to 326727 units against 331967 units sold in November last year. The company dispatched 150000 units of the Discover range of motorcycles. It said that the discover and the sportier Pulsars contributed to 68% of total motorcycle sales. Last month during October, the company had sold 155000 units of Discover which was the highest ever.

The commercial vehicle segment of the company however, continued to swell by 7.19% to 45566 units during the penultimate month of the current year after surging around 14% last month. The company had sold 42510 units of commercial vehicles during November last year. Nevertheless, compared to the prior month of October 2012, sales slithered by 9.44% that witnessed sales of 50316 units—highest ever that the company had sold for any month. The company however said that the growth in the diesel 3-wheeler sales & market share continued during the month of November 2012. The division however was restrained in the preceding months with negative growth in sales to the tune of 3.53%, 9.58% and 22.63% during September, August and July respectively.

The company exported 124115 units during the eighth month of the fiscal FY13 against 129256 units being sold in November 2011.

In the April-November period of the fiscal 2013, Bajaj Auto sold 2911974 units that was 3.79% lower than 3026703 units being sold during April-November 2011. Commercial Vehicle division witnessed a greater fall of 11.49% to 312914 units compared to 353545 units in the same period last fiscal. Exports accounted for 1056136 units during April-November period of FY13 compared to 1112702 units in the same time last year that translated into de-growth of 5.08%.

Source: Equity Bulls

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