Zee News reported that Bajaj Auto has reported an 8.13% fall in motorcycle sales in May at 165,049 units as against 179,649 units in the same month last year.

Bajaj Auto Limited in a statement said total two-wheeler sales during the month stood at 165,697, an 8.42% decrease over the same month last year. It had sold 180,935 units of two-wheelers in the same period a year ago. BAL's exports also plummeted by 2.55% at 58,682 units in May from 60,215 units a year ago.

The statement said it s total vehicle sales stood at 185,341 units last month compared to 201,511 units in the same period a year ago, down by 8.02%.

BAL said "Bajaj domestic motorcycle sales continued to rise for the fourth consecutive month since the launch of the XCD 135 in February, 2009 and the XCD sold about 20,000 units in May."

It further added that "Stagnant commercial vehicle sales continue to reflect subdued economic conditions. Exports have almost normalized after the dip in January to March 2009 and are expected to gradually exhibit positive YoY growth."

(Sourced from zeenews.com)