Bajaj Auto likely to raise prices of its vehicles shortly

Date: 27-09-2013

To offset the impact of high input costs and a weak rupee, Motorcycle manufacturer Bajaj Auto is likely to raise prices of its vehicles shortly. The company registered a 9% fall in total sales (excluding exports) to 312,188 units in August 2013 against 344,906 units in August 12. The sales of the motorcycles declined by 8% and stood at 278,583 units in the month under review against 304,352 units in August 12.

Bajaj Auto is a $2.3 billion company founded in 1926. It is world’s fourth largest two and three-wheeler manufacturer. Bajaj Auto has three plants in all, two at Waluj and Chakan in Maharashtra and one plant at Pant Nagar in Uttaranchal.

Bajaj Auto Ltd.

Bajaj Auto likely to raise prices of its vehicles shortly