Bajaj Auto crosses 2 mn sales mark

Bajaj Auto manufacturers of two and three wheelers, has crossed the two-million vehicle sales mark.

Bajaj Auto Ltd, manufacturers of two and three wheelers, said on Thursday that the company has crossed the two-million vehicle sales mark.

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The company expects to close the year with 2.2 million vehicle sales as against 1.6 million in 2004-05, the company said in a release.

The sales of the two and three wheeler vehicles this year has grown 24 per cent year-on-year led by motorcycles compared to industry growth of 18.5 per cent, Bajaj Auto said.

Bajaj said it would introduce a new bike in the 'value segment' followed by launch of four new products both in the un-geared scooters and motorcycle category in 2006-07.

"With new products with innovative technology as the backbone and the new four-pronged retail network, we hope to maintain the same pace of growth in 2006-07," Bajaj VP (Sales and Marketing) S Sridhar said.