Saloni Subha ( Intern Journalist ) Bajaj Auto is witnessing a strong revival in demand for a two-wheeler in the country and as well as international market, even as it continues to face headwinds in the three – Wheeler segments senior company official informed.
The company, however, expects to have a much clearer trend at its disposal by the next month-end to see whether the current demand for the two-wheeler is just a pent-up demand from the last month or the industry is on a recovery path.
“We are seeing month on month improvement in sales. There was no sale in April while the decline was very large in May. June was significantly better than the May and July is much better than June”, Bajaj Auto CFO Soumen Ray said.
The demand scenario is coming back pretty sharply and it could be a pent-up demand as well, so the clarity would emerge only in August he said. In April-June, the company sold 1,85,981 units in the domestic market, down 69.55% from 6,10936 units in the same period last year. however, Ray noted that the domestic three-wheeler segments will take some time to revive.
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