Bajaj Auto expects to sell more than 4 mn vehicles in FY14

Oct 17 2013, 12:37 IST
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Bajaj Auto shares rose after the company reported 13 per cent increase in its net profit for the second quarter ended Sept 30. Bajaj Auto shares rose after the company reported 13 per cent increase in its net profit for the second quarter ended Sept 30.
SummaryThe company sold 961,330 vehicles in the quarter ended September.

Bajaj Auto, India's second-largest motorcycle maker, expects to sell more than 4 million vehicles in the current fiscal year that ends in March, its managing director told a television channel on Thursday, a day after its quarterly profit beat estimates.

"In terms of overall numbers, motorcycles plus three-wheelers, domestic and exports, I would be happy to say that it is going to be in excess of 4 million vehicles," Rajiv Bajaj told a TV channel.

He expects margins to taper down from the company's reported second-quarter operating margin of 23 per cent, due to high commodity price pressures.

The company sold 961,330 vehicles in the quarter ended September, down 8 per cent from a year earlier.

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