Bajaj Auto's March sales up nine percent

New Delhi, April 3 (IANS) Two and three wheeler manufacturer Bajaj Auto Tuesday reported an increase of nine percent in its monthly sales for March at 335,515 units - up from 307,741 units sold in the like period of 2011.

The company said the sales figures for last month were the highest ever for any month of March.

The company's exports during the period under review grew by 54 percent at 107,691 units from 69,884 units in March, 2011.

Segment-wise the company sold 300,848 units of motorcycles in the period under review, up 10 percent from 274,392 sold in the corresponding period of last year.

Commercial vehicle sales grew by four percent in March and stood at 34,667 units compared to 33,349 units in the like period of 2011.

For the fiscal 2011-12, the company sold a total of 4,349,560 units, up 14 percent from 3,823,954 units in 2010-11. The automobile manufacturer's exports during the fiscal grew by 31 percent, thereby achiving the highest ever annual exports at 1,579,824 units from 1,203,718 units in 2010-11.

Segment-wise the company sold 3,834,405 units of motorcycles in the period under review, up 13 percent from 3,387,043 units sold in 2010-11.

"The highest ever annual sales (motorcycles). Pulsar cumulative sales exceeded 5 million units since launch," the company said in a statement.

Commercial vehicle sales grew by 18 percent in the last fiscal and stood at 515,155 units from 436,884 units in the 2010-11.

The company's scrip at the Bombay Stock Exchange (BSE) was trading up 0.39 percent around 1.10 p.m. at Rs.1,660.