IN - Rays of recovery - Bajaj Auto expects rise in sales on better demand

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Bajaj Auto said that it expects an increase in the company's sales volume on account of better demand during the festive season.

Mr Madhur Bajaj vice chairman of Bajaj Auto on the sidelines of a Federation of Automobile Dealers Associations function said that “We expect the credit market to improve and the upcoming festive season to contribute in improving our sales. However, the monsoon remains a factor and we are closely watching the situation.”

He said the company is gearing up to launch some new models in both the two-wheeler and the three wheeler categories, but did not divulge details. Mr Bajaj added that “The monsoon has somewhat dampened the two wheeler market and it has impacted our company also. However we expect sales to improve in the coming months.”