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Following an extremely lacklustre year for the entire two wheeled sector in 2012, Rajiv Bajaj expects 2013 to be no different.
He also said that the latest launch (http://www.xbhp.com/talkies/news/250...tml#post907722) of Bajaj the Discover 100T will be exported later this year. He added that exports are doing well after a brief disruption in important markets like Sri Lanka and Egypt and some African countries.
The MD of Bajaj believes that the market started going flat in January 2012. With December being disappointing. The Indian two wheeler market is still very large but growth is stagnant currently.
Rajiv Bajaj, MD, Bajaj Auto Ltd,
SOURCE: Expect flat growth in 2013: Bajaj Auto - CNBC-TV18
He also said that the latest launch (http://www.xbhp.com/talkies/news/250...tml#post907722) of Bajaj the Discover 100T will be exported later this year. He added that exports are doing well after a brief disruption in important markets like Sri Lanka and Egypt and some African countries.
The MD of Bajaj believes that the market started going flat in January 2012. With December being disappointing. The Indian two wheeler market is still very large but growth is stagnant currently.
Rajiv Bajaj, MD, Bajaj Auto Ltd,
"We had a difficult time between April and September because we faced various issues in some of our big export markets like Sri Lanka and Egypt and some of the other African markets".
"But we are still anxious because we have to watch how things develop every month. There is so much trouble in global economies. In terms of exports, I am afraid this is one product that will not go to exports for sometime because it enters the 100 CC segment in India, which is still 65 percent of the motorcycle industry".
"We saw visible signs of that maybe from April or May 2012. Except for a brief period, during the festive season in October-November, it has been pretty lacklustre".
"From our point of view, December retail sales have been pretty flat compared to last year. So, on the one hand, we are grateful that we are not in the negative zone. The market is still large at 800,000 bikes a month. That is good in terms of our profitability. But in terms of growth, there is no growth there in the market right now".
SOURCE: Expect flat growth in 2013: Bajaj Auto - CNBC-TV18
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