Bajaj Auto eyes 23% market share by end of FY18 | Business Standard News

1. Bajaj Auto eyes 23% market share by end of FY18 India's biggest cruiser exporter is anticipating close the current money related year with a 4 for each penny bounce in household bike piece of the pie. Bajaj Auto is focusing on a 23 for every penny piece of the overall industry before the finish of FY18, from its current remaining at 19 for each penny. At the sideline of an occasion to exhibit the 15,600-km travel secured by Bajaj Dominar, Eric Vas, President, Motorcycle business, Bajaj Auto communicated trust in the organization's development direction. The bike producer has as of late redone its entrance level product offering up, including CT100 and Platina and is certain to manage volumes. "We intend to keep up same volumes in the portion, when contrasted with what we posted in the previous two months. We need to keep up offers of more than 120,000 units for every month and have a piece of the pie of 33 for every penny in the section portion," said Vas. In August, Bajaj Auto sold 151,403 units in the underneath 110cc section. Notwithstanding, Bajaj Auto's deals in the main portion of the year were quieted because of BS- III to BS-IV progress and GST NEWS affect. An authority from the organization said that however Bajaj had less stock of BS-III bicycles in the pipeline, the offers of BS-IV agreeable bikes were influenced because of substantial rebates given by contenders to clear BS-III stock. The significant hit for the organization was in the 125 cc to 150 cc section, where it figured out how to pitch 354,967 units between April to August, as against 519,218 units in a similar period a year ago, in this manner, denoting a droop of 32 for each penny. The organization has some change designs in this fragment incorporates a minor facelift of the V extend and a noteworthy declaration, subtle elements of which are yet to be revealed. Click Here To Know More – BAJAJ MARKET SHARE