Bajaj Auto registers 24% growth in sales for 2006-07

Bajaj Auto Ltd has announced the following:

Bajaj registers 24% growth in Motorcycles for Financial Year 2006-07 v/s 14% for the industry.

Turnover expected to exceed Rs 10,000 crores.

F.Y. 2006-07

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			FY 06-07		FY 05-06		Growth %
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Motor Cycles		2,376,518		1,912,224		24
Total 2 Wheelers		2,399,400		2,027,856		18
3 Wheelers			321,778		252,006		28
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Total 2&3 Wheelers		2,721,178		2,279,862		19
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Exports out of the above	439,413		250,168		76
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FY07 saw robust motorcycle growth at 24% for the Company, on the back of strong pull for its lead brand the Bajaj Pulsar. The Pulsar range saw a full up-grade, introduction of the 200 cc and introduction of 220 cc DTSFi top end model. The motorcycle market share improved from 30.8% in FY06 to 33.5% in FY07.

The Bajaj Discover range continued to gain value segment customers and the Bajaj Platina introduced in April '06 did brisk business, closing its first year with 739,952 units.

For the year as a whole > 100 cc bikes contributed 52% of motorcycle sales.

At 321,778 units, the 3 wheelers recorded a healthy growth of 28%. Bajaj test marketed its 2-stroke Digital Direct Injection (DDI) 3 wheeler in Pune and the product has received very good response, owing to 30% better fuel efficiency, superior performance and features like self start.

With 76% jump in export volumes, the Company continued to be India's top exporter of two wheelers and three wheelers. Highest ever 2 wheeler exports of over 298,000 units, highest ever 3 wheeler exports of over 140,000 units and record export turnover of over Rs 1690 crores clocked during FY07. In Srilanka, Bangladesh and Colombia Bajaj bikes garnered Leadership position. FY07 saw business launch in Indonesia and Nigeria.

FY 08 Targets

For the fiscal year 2007-08, the Company targets 10% growth to 3 million units.

New Plant

Company's 4th Plant at Pantnagar Uttarakhand commences production on April 09, 2007.

March 07

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				Mar 2007		Mar 2006		Growth %
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Motor Cycles			165,524		183,927		-10
Total 2 Wheelers			168,986		187,696		-10
3 Wheelers				24,576		24,723		-1
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Total 2&3 Wheelers			193,562		212,419		-9
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Exports out of the above		35,663		28,998		23
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Source : Equity Bulls

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