Bajaj Auto expects automobile sector's growth to be muted; aims at outperforming industry

Bajaj Auto is expecting a muted growth for the automobile industry going forward, said Rakesh Sharma, ED of the company, adding that the firm aims to outperform the industry.

"In the last three-four months, the company has outgrown the industry by 15-16 percent," Sharma added.

The company would fall back on R&D, product innovation to keep the sales momentum intact, said Sharma. “This month we have introduced two nice models in entry commuter segment and next month we intend to introduce a new model in the mid-segment."

“In April and May, the domestic motorcycle retail was substantially above industry performance but this month our gap with the industry performance has narrowed. After the conclusion of mini-season in the North, the retails have been very sluggish in the second half of June and in general the stocks are also very high,” he said.