Bajaj Auto Ltd January 2007 sales jumps by 13%

Bajaj Auto Ltd has announced the following:

January 2007 sales;

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			January 	January		Growth%
			  2007	  	2006
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Motorcycles 		195,560		173,835		  12

Total 2 WHEELERS	197,553		181,758		   9

3 wheelers 		 32,030		 22,019		  45
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TOTAL 2 & 3 Wheelers 	229,583 	203,777		  13
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Exports out of the above 39,812	  	18,168		  119
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1. Bajaj motorcycles continued to grow ahead of industry and thus gain market share.

2. With increasingly strong sales of Bajaj Discover and Bajaj Pulsar DTS-i platform products only 45% of Bajaj motorcycle sales now come from the relatively lower margin 100cc segment.

3. In order to exit this segment Bajaj intends to introduce an all new motorcycle platform in FY08Q2. Towards this end, Bajaj has now finalised product design and specification, and has scheduled pre-mass production trials in FY08Q1.

4. Simultaneously Bajaj will commence motorcycle production at its new Plant at Pantnagar in Uttarakhand on April 09, 2007, intending to ramp up to the rate of 1 million per year within FY08.

5. These two initiatives, complemented by the continuing higher than expected sales in 3-wheelers and in exports should stabilize if not enhance profitability in FY08.

YTD 2006-07

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			April 2006-		April 2005-		Growth
			January 2007 		January 2006		%
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Motorcycles 	      	2,039,214	        1,553,041                 31

Total 2 Wheelers      	2,056,194	        1,660,280		  24

3 Wheelers            	  269,228	       	  201,387	          34
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Total 2 & 3 Wheelers  	2,325,422       	1,861,667          	  25
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Exports out of the above  365,540	          194,933	          88
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6. Bajaj is close to achieving its FY 2007 target of approximately 2.85 million vehicles leading to a turnover of about Rs 10,000 crores.

Source : Equity Bulls

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