Days after Bajaj Auto Ltd reported a 5% rise in total sales in June, the company said it expects to outpace industry growth in the first quarter of fiscal 2025.

“We expect to continue this growth as it is weighted in favor of the top half of the industry, where we have got a lot of play and we have outpaced the industry in market share gains over the past several quarters. are doing,” Rakesh Sharma, executive director of Bajaj Auto told NDTV Profit in a television interview.

He said he expects a growth of 6-8% for the industry, which is good as it comes off the underperformance of the past few years. Sharma said July and December are the lowest months that offer “a little flexibility” but growth will begin in September.

Sharma said the company has been steadily gaining market share and is just a couple of percentage points away from leading the top half of the industry, which includes the 125-CC+ models. He said that when it comes to the bottom line, the new launch of CNG motorcycles will offer growth in this segment of the industry.

Sharma said that low bike penetration in India compared to other countries with similar population is a challenge. Other challenges include the 28% GST levied by the government. He said that if the cost of acquisition to the end user can be reduced, it will naturally help in increasing the sales of motorcycles.

With the new launches getting a “fantastic” response, Sharma is optimistic that the new portfolio will help boost the two-wheeler maker’s growth.

Shares of Bajaj Auto closed 0.22% higher at Rs 9,422.40 on Wednesday, against a 0.67% advance in the NSE Nifty 50.

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