Bajaj eyes 50% growth in FY11

Deccan Chronicle, 26.05.10

Bajaj Auto aims to touch a monthly sale of three lakh motorcycles starting May and hopes to increase its sales by 50 per cent this fiscal.

"We are looking at 50 per cent growth. Last year, the average sales were 2.09 lakh per month. From May our average monthly sales will be three lakh units as we have already crossed 2.85 lakh bikes in April," Bajaj Auto CEO (two wheeler) S Sridhar told reporters here.

The company is looking forward to sell premium Austrian KTM bikes in India from 2011-12.

In the Q4 period of 2009-10, the market share of Bajaj increased to 27 per cent from 17 per cent in the corresponding period, Sridhar said.

Talking about the Bajaj-KTM project, Sridhar said the bikes, which would have a minimum price of Rs one lakh, would be launched in 2011-12 after Europe.

In India it would be sold only under the KTM brand through Probiking outlets, Sridhar said.

Bajaj holds close to 36 per cent in KTM Power Sports AG.

The motorcycle industry has been registering a healthy growth of 15 per cent, which is 80 per cent of the two-wheeler market.