|Chennai||Rs. 24020.00 (-0.17%)|
|Mumbai||Rs. 25020.00 (0.28%)|
|Delhi||Rs. 24450.00 (0%)|
|Kolkata||Rs. 24600.00 (-0.32%)|
|Kerala||Rs. 24050.00 (0%)|
|Bangalore||Rs. 24160.00 (-0.17%)|
|Hyderabad||Rs. 24030.00 (-0.12%)|
Bajaj Auto, India's second-largest motorcycle maker, expects to sell more than 4 million vehicles in the current fiscal year that ends in March, its managing director told a television channel on Thursday, a day after its quarterly profit beat estimates.
"In terms of overall numbers, motorcycles plus three-wheelers, domestic and exports, I would be happy to say that it is going to be in excess of 4 million vehicles," Rajiv Bajaj told CNBC TV18.
He expects margins to taper down from the company's reported second-quarter operating margin of 23 percent, due to high commodity price pressures.
The company sold 961,330 vehicles in the quarter ended September, down 8 percent from a year earlier.