No plans to increase prices in 2-3 months, says Bajaj Auto

Bajaj Auto, the country’s second largest two-wheeler maker, has said the company has no plans to increase prices of its models in the next 2-3 months, CNBC-TV18 reported today.

The statement comes at a time when car makers are increasing their product prices to offset the rise in input costs.

“Commodities have continued to trouble us a little bit in the second quarter. So, we had to increase prices and we have already done so, selectively though, for motorcycles in the domestic market,” Managing Director Rajiv Bajaj had told the news channel earlier.

The company also expressed confidence that the model will over take hero’s Splendor in the near future, the TV channel reported. Reuters

Bajaj Auto also said that it sold 1.2 lakh Discovers in September, making it the world’s largest selling bike during the month.

The company also expressed confidence that the model will over take hero’s Splendor in the near future, the TV channel reported.

Shares of Bajaj Auto were down nearly 2 percent at Rs 1,782 after the company reported a 15 percent decline in motorcycle sales to 315,314 units in September.

A year ago the company had sold 371,208 units.

Its exports has also fallen 6.12 percent one year to 133,222.

Overall vehicle sales, meanwhile, stood at 360,152 units, down 13.77 percent from 417,686 unit a year ago.

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