Performance in 2018: Bajaj Auto chief concerned over decline in volumes

Bajaj's remarks come amid the company's steadily declining market share and ceding ground to Hero MotoCorp and Honda Motorcycle India

Bajaj Auto’s performance in fiscal 2018 could have been much better had it not been for declining motorcycle sales in the domestic market, chairman Rahul Bajaj wrote in a letter to shareholders in the company’s 11th annual report. 

“This was not on account of the market as a whole, nor due to an overall lack of demand for all types and makes of motorcycles. Indeed, fiscal 2018 saw domestic sales of motorcycles grow by 13.7 per cent in volume,” wrote Bajaj, while expressing his concern. 

However, the company continued doing well in the entry-level segment with its CT 100, Platina, and Discover