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Bumpy ride in July 2nd half due to lockdowns: Bajaj
Rakesh Sharma, ED, Bajaj Auto said the demand for motorcycles saw smart recovery to previous year’s levels by end June.
The flurry of lockdowns in many major cities and states interrupted the recovery in the H2 of July, as per Rakesh Sharma, ED, Bajaj Auto. “As a result the outcome in July was a bit lower than June retails,” he added.
Sharma said the demand for motorcycles saw smart recovery to previous year’s levels by end June. On the target for sales, he said “At the start of the quarter, our plan was to achieve cumulative sales of 1 million vehicles between domestic and export, including motorcycles and 3 wheelers. So far, we have achieved sales of just over 2,50,000 vehicles, including three-wheelers in July,” Sharma added.
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