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.