Bajaj Auto reports 4% rise in May 2014 sales

Bajaj Auto, the second-largest motorcycle manufacturer has registered a 4% rise in total sales to 351,436 units in May 2014 against 339,348 units in May 2013. The sales of the motorcycles increased by 3% and stood at 313,020 units in the month under review against 304,780 units in May 2013. The company has reported 11% rise in Commercial Vehicles sales which stood at 38,416 units as compared to 34,568 units in month of May 2013. Meanwhile, the company’s total exports out of the above stood at 156,179 units, an increase of 40% as compared to 111,835 units sold in the corresponding month last year. Bajaj Auto is a $2.3 billion company founded in 1926. It is world’s fourth largest two and three-wheeler manufacturer. Bajaj Auto has three plants in all, two at Waluj and Chakan in Maharashtra and one plant at Pant Nagar in Uttaranchal.