BUSINESS

Bajaj Auto Q3 net up 24 p.c.

Records 20 p.c. rise in 2-wheeler sales

MUMBAI: Bajaj Auto, on the back of the highest-ever motorcycle sales, reported a 23.8 per cent jump in its net profit during the quarter ended December 31, 2006, at Rs. 345.19 crore (after prior period adjustments) as against Rs. 278.99 crore in the corresponding quarter a year-ago.

Total income (net of excise) in the quarter rose 29.5 per cent to Rs. 2,729.18 crore from Rs. 2,107.32 crore in the corresponding period last year, says a release.

In the quarter under review, motorcycle sales stood at 6.52 lakh units as against 5.11 lakh units in the corresponding quarter a year ago, recording a growth of 28 per cent. The overall two-wheeler sales grew by 20 per cent at 6.53 lakh units as against 5.43 lakh units. The company sold 85,640 units of three-wheelers in the quarter as against 57,572 units in the year ago period.

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