Rajiv Bajaj, MD of Bajaj Auto has confirmed that Bajaj Auto will present Husqvarna Motorcycles in India in the next financial year (FY2019-20). The announcement has been made at the organization’s Annual General Meeting (AGM) in Pune. The Austria-based bike manufacturer will mark its entrance with the Vitpilen café racer and the Svartpilen scrambler.
Other than this, the home-grown bike maker aims to attack into electric vehicle segment by 2020. The Bajaj electric scooters and bikes will be retailed under another sub-brand – Bajaj Urbanite. The new electric sub-brand will center around the superior items. The bikemaker likewise means to be the world’s largest premium bike manufacturer in the following 5 to 10 years.
Bajaj Auto will likewise partner with Triumph to build up a 500cc, single-cylinder bike that may hit showrooms in 2020. Both the brands will share their individual expertise and share knowledge and investment in developing better products. The home-developed bikemaker likewise uncovers that the organization intends to create 5 lakh premium bikes under the KTM and Husqvarna brands at its Chakan based facility in Pune.
The company has likewise released its Q1 FY2019 results marking its most astounding ever sales (1,226,641 units), turnover (Rs 7,824 crore) and benefit (Rs 1,616 crore before impose). The bikemaker enlisted add up to sales of 594,234 units in the domestic market, accounting year-on-year growth up to 39 percent. The export figure remained at 435,730 units recording the year-on-year development of 25 percent.
In the domestic market, Bajaj’s share has increased to 16.3 percent in Q1 FY19 from 14 percent in Q1 FY18. The Bajaj Platina and CT 100 bike range emerged as the major sales contributors. In the first quarter of this financial year, the previous enrolled sales of 104,000 units with 35 percent development and the last one recorded 190,000 units with 76 percent development. Bajaj’s popular bike brands – Pulsar and Avenger – gathered sales more than 223,000 units accordingly accounting a year-on-year growth of 47 percent.