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India Bajaj Auto Feb vehicle sales fall 9 pct on yr

Sat Mar 1, 2008 5:36pm IST
 
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MUMBAI, March 1 (Reuters) - Bajaj Auto Ltd (BJAT.BO: Quote, Profile, Research), India's second-biggest motorcycle maker, on Saturday said vehicle sales in February fell 9 percent to 183,807 units from 202,212 units last year.

It said motorcycles sales fell 8 percent to 158,662 units from 171,780 units, and total two-wheelers sales also fell 8 percent to 159,508 units from 174,220 units.

Sales of motorised three-wheelers fell 13 percent to 24,299 units from 27,992 units last year, Bajaj added in a statement.

The company, which is studying the feasibility of making a $3,000 car with Renault (RENA.PA: Quote, Profile, Research) and Nissan Motor Co (7201.T: Quote, Profile, Research), said exports rose 65 percent to 63,182 units from 38,228 units.

Bajaj said it expected its focus on 125 cc motorcycles and international markets to result in positive overall growth for 2008/09. (Reporting by Bharghavi Nagaraju, Editing by Peter Blackburn)

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