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Sunday, December 02, 2007
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Dec 1 2007 12:21PM
India~s Bajaj Auto Nov sales down 3 pct yr/yr

MUMBAI, Dec 1 (Reuters) - India's second-biggest motorcycle maker Bajaj Auto Ltd <BJAT.BO> reported on Saturday vehicles sales in November fell 3 percent from a year earlier, but it said motorcycle sales should start growing from December.

Vehicle sales eased to 235,797 in November from 243,713 a year earlier with motorcycle sales slipping 2 percent to 209,876 units.

Sales of all two-wheelers fell to 211,600 units from 214,329 units and three-wheeler sales also slid 18 percent to 24,197 units but exports rose 28 percent to 46,295 units, it said.

"Billings has been constrained by lower production arising out of plant closures," the company said.

"The capacity expansion will be completed in December. It is expected that from this month onwards motorcycle sales will once again show positive growth."

Bajaj is raising production capacity of its new bike XCD 125 to 75,000 units a month to meet strong demand. It had sold 63,000 units of the bike between its launch in early September and October. (Reporting by Narayanan Somasundaram; Editing by Tomasz Janowski) (([email protected]; 91 22 6636 9068; Reuters Messaging [email protected]))

Keywords: BAJAJ SALES/

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