Comments
Bajaj Auto has sold 2.55 lakh three-wheelers during 2015-16 with a growth of 9 per cent against an industry growth of 1 per cent, helping the Pune-based company retain its position as the leading three-wheeler firm in FY'16.
In the current fiscal, Bajaj Auto is targeting a growth of 17 per cent over last year, with sales of 3 lakh three-wheelers.
In a press release, R C Maheshwari, President (Commercial Vehicle Business), Bajaj Auto, said, “We have seen significant growth in the petrol + alternate fuel vehicle category, where Bajaj Auto has a share of 90 per cent of the market. Backed by overwhelming customer response to our new range of diesel passenger vehicles and our strategic re-entry into the three-wheeler cargo industry with a superior product, we are now targeting leadership in the diesel passenger segment and double-digit growth in FY'17.”
The company saw its diesel passenger vehicles sales grow 6 per cent, while the industry's three-wheeler diesel passenger vehicle sales fell 2 per cent, the statement said.
Comments
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.