Leaving two bad years for the two-wheeler sector behind, things should at least change for better by the turn of this year, according to a senior Bajaj Auto official.
The inflation and fluctuating petrol prices have taken the toll of growth of two-wheeler sector in India for the last two years, even as growth remained stagnant this year, Shyam Sundar Narayan, marketing manager of two-wheelers at Bajaj Auto Ltd, Pune, told PTI.
With slight improvement in market sentiment, the next year should be comparatively good, Mr Narayan said.
The company would launch new two wheelers next year, which would be displayed in the Auto Show slated to take place in Delhi.
Stating that nearly 8.5 lakh motorcycles were sold per month in India, of which 1.30 lakh units were of sports models, he said Bajaj has a market share of 47 per cent in the sports segment.
He said all top 10 cities in India, including the metros, were good markets for the company's 150 - 200 cc motorcycles. He further said that Bajaj has a 40 per cent market share in Tamil Nadu.
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