Bajaj Auto reports 50% growth in sales for September 2006

Bajaj Auto Ltd has announced that Reflecting overwhelming acceptance of its new products and high effectiveness of its marketing & sales initiatives, Bajaj motorcycles raced ahead to 271,377 units in September 2006, a growth of 50% over 180,926 units of September 2005.

Bajaj motorcycle market share (estimated) scaled a new high of 37.9%.

Total 2 and 3 wheeler sales for September 2006 were at a record 300,141 units; a growth of 38% over 218,012 units of September 2005, and included -

1. 121,521 units of high end motorcycles discover, pulsar and avenger - constituting 45% of motorcycle sales;

2. 27,870 units of 3-wheelers, a growth of 21% over 23,118 units of September 2005;

3. 37,088 units exported, a growth of 58% over 23,463 units of September 2005.

The above healthy product mix will have a positive impact on profitability.

September 2006 sales;

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			September 	September 	Growth%
			  2006		  2005
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Motorcycles 		271,377		180,926		  50


Total 2 WHEELERS	272,271		194,894		  40


3 wheelers 		 27,870		 23,118		  21
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TOTAL 2 & 3 Wheelers 	 300,141 	 	218,012		38
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Exports out of the above	37,088	  	23,463		58
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YTD 2006-07
------------------------------------------------------------------------------------------
			April		April
		      September       September        Growth %
			2006		2005
------------------------------------------------------------------------------------------
Motorcycles 	      1,191,249	       868,100	          37
Total 2 Wheelers      1,206,063	       937,396	          29
3 Wheelers              151,558	       121,796	          24
------------------------------------------------------------------------------------------
Total 2 & 3 Wheelers  1,357,621       	1,059,192           28
------------------------------------------------------------------------------------------
Exports out of the above210,110	        112,406	          87
------------------------------------------------------------------------------------------

Note: The above includes sale of Scooters by Maharashtra Scooters Ltd (associate Company) which, however, is not very significant.

Source : Equity Bulls

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