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Bajaj Auto scales all-time high on strong sales in September 2010

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  • #1

    Bajaj Auto scales all-time high on strong sales in September 2010

    Bajaj Auto scales all-time high on strong sales in September 2010.

    Bajaj Auto rose 1.7% to Rs 1,570 at 10:15 IST on BSE, after the company's total vehicle sales grew 26% to Rs 3.52 lakh units in September 2010 over September 2009.

    The company announced the monthly sales data during trading hours today, 4 October 2010.
    Meanwhile, the BSE Sensex was up 241.05 points, or 1.18% at 20,686.09.
    On BSE, 24,819 shares were traded in the counter as against an average daily volume of 73,553 shares in the past one quarter.
    The stock hit a high of Rs 1589.90 so far during the day, which is a record high for the counter. The stock hit a low of Rs 1541.50 so far during the day. The stock had hit a 52-week low of Rs 684 on 29 October 2009.
    The large-cap stock had underperformed the market over the past one month till 1 October 2010, rising 12.29% compared with the Sensex's return of 12.30%. It had outperformed the market in past one quarter, gaining 23.67% as against 16.77% rise in the Sensex.
    The company has an equity capital of Rs 289.36 crore. Face value per share is Rs 10.
    Bajaj Auto's motorcycle sales rose 26% to 3.14 lakh units and commercial vehicles sales grew 23% to 38,254 units in September 2010 over September 2009. Exports jumped 26% to 1.01 lakh units.
    Bajaj Auto said the motorcycle sales in September 2010 were the highest ever-monthly sales. Within the motorcycle segment, both the Pulsar and Discover brands reported highest ever-monthly sales, it said. The company said cumulative sales of Discover 100 has exceeded 10 lakh units since its launch in July 2010.
    Bajaj Auto's net profit jumped 101.1% to Rs 590.15 crore on 65.4% rise in net sales to Rs 3737.29 core in Q1 June 2010 over Q1 June 2009.


    Source:
    Bajaj Auto scales all-time high on strong sales in September 2010
    http://www.facebook.com/people/Rahul...non/1353751249

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  • #2
    News approved.
    (Been There Done That) x 3.25

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    • #3
      Managing director Rajiv Bajaj spoke about the future course for the company.

      Q: 3.5 lakh crossed for September, do you think you will be able to build on that through the festival months?

      I would add that last year September was a big month because it was Dassera month. So while September and October were big months last year for Dessera and Diwali, it will be October and November this time. So, in terms of retail sales, yes, October and November will be ahead of September, but in terms of company sales, perhaps in the same neighborhood.
      Q: By when can you augment capacity a bit because it seems unfortunate that demand is running ahead of what you can produce and you are not able to capitalize on it? By when can you add even a little bit to capacity?
      A: We have managed to do that in terms of motorcycle sales. We were consistently struggling to get to 300,000, we are now reasonably over it. But we are looking to get to about three hundred fifty thousand by January, similarly, to push three wheelers closer to about 45,000.
      We have also got work under way for the next financial year, which is when we would like to take next big step, to an overall company wide capacity of five million motorcycle and three wheelers. We hope to have that in place by end of March.
      Q: What is going on in the export market, you have crossed 1 lakh per month even on exports?
      A: I guess we really make good motorcycles. We have done over 600,000, to be precise, six hundred thirty one thousand vehicles in exports for the first half which is a kind of record for us.
      We started the year hoping to exceed the target of one million units, which would be first for any Indian auto company. I think we are going to do much better than that, as things stand things should be closer to 1.2 million exports for the year.
      Q: Can you just break up that 3.14 lakh motorcycles for the current months for us between models?
      A: Certainly, I would like to because it is not only a highest ever motorcycles sales, it is our highest level sales of the Pulsar brand, which is almost 90,000. It is also our highest level sales for Discover at about 145,000.
      Given the fact that the Discover was launched only in July last year, it is quite a record because the sales of the Discover 100 have in these 14 months exceeded 1 million. I think that would also be a record of sorts. So, both the Pulsar and Discover are at all time highs and the balance of the motorcycle comes almost equally from the Boxer and the Platina.
      http://www.facebook.com/people/Rahul...non/1353751249

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      • #4
        Originally posted by romeoinvisible5 View Post
        [B]I think that would also be a record of sorts. So, both the Pulsar and Discover are at all time highs and the balance of the motorcycle comes almost equally from the Boxer and the Platina.
        Do they still produce boxer?? i don't see any Boxer model in their website?
        Don't Honk Unnecessarily

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        • #5
          Originally posted by Satyamzma View Post
          Do they still produce boxer?? i don't see any Boxer model in their website?
          Boxer is produced for only exports!! to countries like Nigeria in Africa and it's certainly doing great over there. Was watching a documentary on Nigeria in BBC, couple of days ago.. must say there are scores of Boxers on Nigerian roads.
          Let's bring down the monster of corruption to it's knees.. please visit http://ipaidabribe.com/

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          • #6
            Originally posted by vrugonnab View Post
            Boxer is produced for only exports!! to countries like Nigeria in Africa and it's certainly doing great over there.

            Was watching a documentary on Nigeria in BBC, couple of days ago.. must say there are scores of Boxers on Nigerian roads.
            Yep, you are right about the exports part.



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