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Robust growth. For May ’10, Bajaj Auto reported sturdy 61.6% yoy volume growth (though 4.5% lower mom), led by robust motorcycle and three-wheeler volumes.Motorcycles continue to impress. Motorcycles posted robust 62.9% yoy volume growth (though 2.6% lower mom), to 268,840 units. The newly-launched Discover-150 sold 12,377 units, chiefly
in the four states: Delhi, UP, WB and AP. The bigger and sportier
brands Pulsar (75,974 units) and Discover (107,076 units) made up
68% of motorcycle sales...
To read full research report you cab refer to:
http://www.dsij.in/productattachment/BrokerRecommendation/Bajaj%20Auto.pdf
Source: Dalal Street Investment Journal |
