Bajaj Auto suffers 14% decline in Sept. sales

Bajaj Auto suffers 14% decline in Sept. salesTwo-wheeler giant Bajaj Auto on Tuesday posted a year-on-year decline of 14 per cent in overall sales for the month of September.

In its sales statement, Bajaj Auto confirmed that it sold 360,152 units in September this year, down from 417,686 units in the corresponding period of the previous year.

The auto giant held this year's late festive season along with sluggish market conditions responsible for the decline in sales.

The company said in its statement, "Sales degrowth is largely owing to the festive season this year being a month later than it was last year."

Motorcycle sales slipped 15 per cent to 315,314 units in September this year, from 371,208 units in the same of 2011. Sales of three-wheelers dropped 4 per cent, from 46,478 units to 44,838 units, during the same time period.

Exports slipped 6.12 per cent, from 141,913 units in September last year to 133,222 units in September this year.

However, Bajaj Auto is hopeful that sales will pick up in October and November due to Dusshera and Diwali festivals.