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November sales disappointing; 2-wheeler will continue to underperform: Bajaj Auto

Updated : December 01, 2020 12:13:34 IST

“We are disappointed with the November sales,” said Rakesh Sharma, ED of Bajaj Auto in an interview to CNBC-TV18.

According to him, there was a decline of about 10 percent at the retail level.

“If I extrapolate that given the fact that there is nothing exciting which is going to happen in the December-March period, I would say we are looking at industry underperforming compared to last year same period in domestic motorcycles,” said Sharma.

Bajaj Auto is seeing double-digit growth in higher-end bikes and a drop towards the bottom-end of the pyramid.

On electric vehicles, Sharma said, “We have started working on our higher-end electric bike and lower-end electric cycle.”

According to him, global markets are coming back quite well.

For entire interview, watch video
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