Bajaj July bike sales down 7%

Bajaj Auto today reported a 7% decline in motorcycle sales at 1,59,881 units in July as against 1,71,115 units sold in July 2006 owing primarily to product fatigue.

According to a release issued by the company today, total two & three-wheeler sales also dropped 7% to 1,85,890 units from 1,99,821 units in July 2006.

"The motorcycle industry continued to degrow owing primarily to product fatigue as consumer disinterest in uninspiring 100 cc motorcycles continued to translate into postponement of purchase," the release added.

The company also announced that it will unveil the engine of its new, non-100cc motorcycle with DTS-Si technology on August 9 in Pune.