Exports likely to contribute 50 percent of the total sales by 2014-15: Bajaj Auto
Subscribe to NewsletterPlease fill your name and email ID to get our daily auto news mailer.
The country’s second largest two-wheeler manufacturer Bajaj Auto has said that the company is expecting their exports to contribute for up to 50 percent of total sales in the coming 3 years. The company is planning to enter in a number of new markets in the coming years including the likes of Argentina and Chile. At present, about 35 percent of the company’s motorcycle sales come from exports.
Speaking to the reporters in the National Capital, Mr. S Ravikumar, Bajaj Auto Ltd (BAL) Senior Vice President (Business Development & Assurance), said, "In the last three years we have doubled our exports. The world is our market and we will continue to find new markets." He added that in the next three years company’s aim is to have 50 per cent of their total sales to come from exports.
In the financial year 2011-12, the total exports of the company surged 31 percent to 15.8 million units. The total revenue from these exports stood at Rs 6,604 crore, which was about 35 percent of the firm’s net sales.
At present, the African Continent alone accounts for about 41 per cent of the total overseas shipments of the company, where Bajaj Auto sells its vehicles in as many as 35 countries.
- Piled-up inventory: A major cause of concern for car makers
- All units of Ferrari LaFerrari sold out
- BMW X6 M Design Edition introduced
- Honda City diesel to deliver best-in-class fuel economy
- Demand for diesel cars sees a drop in India
- Reasons behind the success of Hyundai Grand i10
- New Ford Mustang could make its way to India
- Third edition of Audi Twin Cup concluded in New Delhi
07 December 2013, 11:39 IST by CarTrade Editorial Team
As soon as the next-generation Honda City was unveiled, excitement levels in the entire Indian car market rose significantly. Now with the inclusion of diesel technology, Honda is putting high...
Under: Honda City
05 December 2013, 12:22 IST by CarTrade Editorial Team
According to recent reports, Honda Cars India Limited (HCIL) will increase price of its entire line-up from January first week in 2014. This is mainly to counter the booming inflation and...
04 December 2013, 11:55 IST by CarTrade Editorial Team
As the 2014 Auto Expo is fast approaching, the Indian car market is abuzz with presumptions about models that will be on display at the upcoming motor show. Major car companies like Maruti Suzuki,...
04 December 2013, 12:23 IST by CarTrade Editorial Team
In a recent development, Indian wing of US based car manufacturer, Ford, has announced its plans to introduce a small car in the country. The entry-level hatchback would be a part of Ford...