Chennai, Mar 25 : Auto major Bajaj expects to close FY 2010 with sales of almost 2.9 million vehicles, which includes exports of nine lakh vehicles.The company had set itself a sales target of four million vehicles for FY 2011, representing a growth of almost 40 per cent, according to a press release here today.This would include exports over 1 million vehicles.For FY 2011, motorcycle sales are targetted at over 3.6 million and commercial vehicles at about four lakh, it said.The Board meeting also approved expansion of total capacity to five million vehicles a year in anticipation of continued growth in the domestic and international markets in FY 2012.Staying with its brand centered strategy focussed on the Boxer, Discover, Pulsar, and RE brands, Bajaj hoped to achieve this sales growth while maintaining its industry leading EBITDA margins, the release added.
0 comments:
Post a Comment