Bajaj Auto expects to sell more than 4 mln vehicles in FY14 - TV

Reuters
A worker cleans a Bajaj motorcycle at a Bajaj showroom in Kolkata October 16, 2013. REUTERS/Rupak De Chowdhuri
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A worker cleans a Bajaj motorcycle at a Bajaj showroom in Kolkata October 16, 2013. REUTERS/Rupak De Chowdhuri

REUTERS - Bajaj Auto (NSI:BAJAJ-AUTO), India's second-largest motorcycle maker, expects to sell more than 4 million vehicles in the current fiscal year that ends in March, its managing director told a television channel on Thursday, a day after its quarterly profit beat estimates.

"In terms of overall numbers, motorcycles plus three-wheelers, domestic and exports, I would be happy to say that it is going to be in excess of 4 million vehicles," Rajiv Bajaj told CNBC TV18.

He expects margins to taper down from the company's reported second-quarter operating margin of 23 percent, due to high commodity price pressures.

The company sold 961,330 vehicles in the quarter ended September, down 8 percent from a year earlier.

(Reporting by Aradhana Aravindan in Mumbai; Editing by Prateek Chatterjee)

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