Bajaj Auto Stock Eyes 20% Domestic Market Share In The Next Two Quarters

Gold Silver Reports (GSR) – Besides, with the African markets rebounding after witnessing downturn for nearly three years, the Pune-based firm expects to continue the momentum of high double-digit growth witnessed in the first quarter, said a senior company official.                  

“In the domestic market our current market share is 16.3 percent. Our target is to expand it to around 20 percent in the next two quarters,” said S Ravikumar, Bajaj Auto President-Business Development and Assurance.             

In the first three months of the current fiscal, Bajaj Auto’s motorcycle sales grew 39 percent to 5.94 lakh units in the domestic market. The total industry sales of motorcycles during the quarter stood at 36.51 lakh units, according to SIAM data. – Neal Bhai Reports

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Neal Bhai has been involved in the Bullion and Metals markets since 1998 – he has experience in many areas of the market from researching to trading and has worked in Delhi, India. Mobile No. - 9899900589 and 9582247600

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