1. The Bajaj XCD DTS-Si, launched nationally on Sunday 9th September 2007, met its first month's target with sales of 18,131 units. About 55% of these customers were from competition, whereas about 10% were first time buyers.
2. With advance bookings virtually covering the October 2007 production target of 50,000 units, Bajaj is now expanding capacity for the XCD DTS-Si to 75,000 units/month. This should eventually translate into a 25% market share of the value segment for Bajaj, enabling its overall motorcycles market share to inch closer to 40%.
3. Thus with the XCD DTS-Si it appears that Bajaj finally has for itself a firm foothold in this lucrative segment. It is therefore hopeful that the second half of the current fiscal will be witness to not just a positive sales growth for its motorcycle portfolio, but also to a significant improvement in its operating margins.
4. Furthermore Bajaj expects the XCD DTS-Si to catalyse the increasing shift away from 100 cc motorcycles, and believes that such motorcycles could come to represent less than 50% of the market as early as December 2007. This bodes well for Bajaj, which continues to be the leader in the more profitable 125 - 250 cc segment.
5. Commercial vehicle sales pressures continue to reflect the state of the market, while exports continue to exhibit strong momentum.
September 07
Motorcycles: 204,152 (Sep 07), 271,377 (Sep 06), -25% (Change %)
TOTAL 2 WHEELERS: 206,208 (Sep 07), 272,271 (Sep 06), -24 (Change %)
3 WHEELERS: 26,288 (Sep 07), 27,870 (Sep 06), -6 (Change %)
TOTAL 2 & 3 WHEELERS: 232,496 (Sep 07), 300,141 (Sep 06), -23 (Change %)
Exports out of the above: 48,048 (Sep 07), 37,088 (Sep 06), 30 (Change %)
YTD 2007-08
MOTORCYCLES: 1,025,558 (April - September 2007), 1,191,249 (April - September 2006), -14 (Change %)
TOTAL 2 WHEELERS: 1,039,467 (April - September 2007), 1,206,063 (April - September 2006), -14 (Change %)
3 WHEELERS:146,217 (April - September 2007), 151,558 (April - September 2006), -4 (Change %)
TOTAL 2 & 3 WHEELERS:1,185,684 (April - September 2007), 1,357,621(April - September 2006), -13 (Change %)
Exports out of the above:308,022 (April - September 2007), 210,110 47 (April - September 2006), 47 (Change %)
2. With advance bookings virtually covering the October 2007 production target of 50,000 units, Bajaj is now expanding capacity for the XCD DTS-Si to 75,000 units/month. This should eventually translate into a 25% market share of the value segment for Bajaj, enabling its overall motorcycles market share to inch closer to 40%.
3. Thus with the XCD DTS-Si it appears that Bajaj finally has for itself a firm foothold in this lucrative segment. It is therefore hopeful that the second half of the current fiscal will be witness to not just a positive sales growth for its motorcycle portfolio, but also to a significant improvement in its operating margins.
4. Furthermore Bajaj expects the XCD DTS-Si to catalyse the increasing shift away from 100 cc motorcycles, and believes that such motorcycles could come to represent less than 50% of the market as early as December 2007. This bodes well for Bajaj, which continues to be the leader in the more profitable 125 - 250 cc segment.
5. Commercial vehicle sales pressures continue to reflect the state of the market, while exports continue to exhibit strong momentum.
September 07
Motorcycles: 204,152 (Sep 07), 271,377 (Sep 06), -25% (Change %)
TOTAL 2 WHEELERS: 206,208 (Sep 07), 272,271 (Sep 06), -24 (Change %)
3 WHEELERS: 26,288 (Sep 07), 27,870 (Sep 06), -6 (Change %)
TOTAL 2 & 3 WHEELERS: 232,496 (Sep 07), 300,141 (Sep 06), -23 (Change %)
Exports out of the above: 48,048 (Sep 07), 37,088 (Sep 06), 30 (Change %)
YTD 2007-08
MOTORCYCLES: 1,025,558 (April - September 2007), 1,191,249 (April - September 2006), -14 (Change %)
TOTAL 2 WHEELERS: 1,039,467 (April - September 2007), 1,206,063 (April - September 2006), -14 (Change %)
3 WHEELERS:146,217 (April - September 2007), 151,558 (April - September 2006), -4 (Change %)
TOTAL 2 & 3 WHEELERS:1,185,684 (April - September 2007), 1,357,621(April - September 2006), -13 (Change %)
Exports out of the above:308,022 (April - September 2007), 210,110 47 (April - September 2006), 47 (Change %)