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| India Infoline Research Team / 14:02 , May 02, 2012 |
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- Bajaj Auto April 2012 volumes were in line with our expectations. Domestic volumes grew by a modest 1.8% yoy continuing to indicate a marked slowdown in domestic two-wheeler demand.
- In terms of product mix, while three-wheelers witnessed a fall of 12.9% yoy, motorcycle growth was at 6.7% yoy.
- Export growth was strong at 6.7% yoy.
Bajaj Auto April 2012 volume
| |
Apr-12 |
Apr-11 |
yoy (%) |
Feb-12 |
mom (%) |
FY12 |
FY11 |
yoy (%) |
| Motorcycles |
342,324 |
322,235 |
6.2 |
300,848 |
13.8 |
3,834,405 |
3,387,018 |
13.2 |
| 3-wheeler |
39,266 |
45,074 |
(12.9) |
34,667 |
13.3 |
515,155 |
436,884 |
17.9 |
| Total |
381,590 |
367,309 |
3.9 |
335,515 |
13.7 |
4,349,560 |
3,824,577 |
13.7 |
| of which exports |
169,010 |
158,422 |
6.7 |
107,691 |
56.9 |
1,579,814 |
1,203,718 |
31.2 |
| Domestic |
212,580 |
208,887 |
1.8 |
227,824 |
(6.7) |
2,769,746 |
2,620,859 |
5.7 | Source: Company, India Infoline Research
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