The domestic business achieved record-high revenue growth in double digits for the tenth consecutive quarter, driven by growth across motorcycles, commercial vehicles, and electric scooters
Motorcycle sales in the ongoing festive season so far are below expectations as demand is muted and the industry will be lucky if it sees 3-5 per cent growth compared to last year, Bajaj Auto Executive Director Rakesh Sharma said on Wednesday. While there are still about 15 more days to go for the festive sales this month, he said as a result of muted growth in motorcycles, the overall growth prospects of the two-wheeler industry could also be impacted for the full fiscal. "The responses in the motorcycle industry are a little bit muted in the sense that we thought that about 6 to 8 per cent growth will be there in the festive period, but it is not that much. It is 1-2 per cent, almost very similar to last year, same period," Sharma told reporters in an earnings call. The expectations were that by Dussehra the growth would be at about 6 to 8 per cent, he added. "There are still 15 days. We have noticed a lot of times that demand can become very compressed, and can surprise us even
Total revenue from operations however rose to Rs 13,247 crore in the second quarter compared with Rs 10,838 crore in the year-ago period, Bajaj Auto said in a regulatory filing
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