November 29, 2020

Export markets main gross sales revival, says Bajaj Auto CFO Soumen Ray



New Delhi: Bajaj Auto is witnessing a sturdy revival in varied export markets, together with Africa and Latin America, as they weren’t hit as onerous by the COVID-19 pandemic and subsequent lockdowns because the home market, a senior firm official stated. The corporate, which exports to round 79 international locations globally, reported its finest ever dispatches to worldwide markets final month.

“When it comes to restoration, worldwide enterprise is doing higher than home as a result of a lot of the international locations the place we export haven’t been impacted that a lot by the pandemic and lockdowns as India,” Bajaj Auto CFO Soumen Ray informed in an interview.

The demand may be very sturdy and varied markets like Africa, Latin America Center East and South Asia are doing very effectively, he added.

“We have now solely two areas of concern, one is ASEAN area the place main markets just like the Philippines and Cambodia are witnessing lockdowns and restrictions. Different is Sri Lanka, the place the federal government has banned import of autos,” Ray stated.

Barring these two, the corporate is witnessing very sturdy revival, he added.

“It (revival in export markets) is borne out of two elements — severity of pandemic has been much less in these areas and thus, the economic system can be much less impacted,” Ray stated.

The corporate’s export order ebook may be very sturdy for the subsequent few months, he stated.

Bajaj Auto shipped 2.12 lakh models in September to varied worldwide markets.

In July-September interval, nevertheless, two-wheeler dispatches fell 11 per cent to 4,14,271 models as in contrast with 4,62,890 models in the identical interval of earlier fiscal.

Commenting on the outlook for home market, Ray stated the corporate is witnessing improve in footfalls and inquiries on the dealerships.

“Jury remains to be out concerning the festive season this 12 months. Wanting on the response within the first few days of the festive season, our sense is that it will be comparable or marginally higher than final 12 months,” he famous.

On three-wheeler gross sales, Ray stated the revival within the section relies on choose up in financial exercise involving small industrial autos.

“Sure financial exercise is required for demand to come back again. Financial exercise right here pertains to motion of individuals from one place to a different, comparatively quick distances, in each city and rural landscapes,” he famous.

“Until that does not occur, like opening of faculties, leisure areas, why would anyone like to purchase a industrial two-wheeler or a three-wheeler,” he added.

He, nevertheless, stated that state of affairs is enhancing within the three-wheeler section and September quarter was a lot better than first quarter of the present fiscal. MSS RVK