labels: tractors, two- and three-wheelers, bajaj tempo
Bajaj Tempo October results maintain growth momentumnews
Our Corporate Bureau
05 November 2003

Mumbai: Bajaj Tempo, the leading automobile manufacturer, has once again showed an impressive growth in sales in the month of October 2003-04. The 36-per cent growth in sales for the first half ended 30 September 2003 has been topped by high gains in the month of October against the same period last year.

Sales of all four-wheeled vehicles of the company have shown a substantial growth of 38 per cent (1165 numbers in October of FY 03-04 as against 841 numbers in October of FY 02-03).

Additionally, the four-wheelers have witnessed a significant increase of 23 per cent by registering sales of 2,858 units compared to 2,324 units recorded in October of the last financial year.

Tempo''s Balwan range of hi-tech tractors have also seen an increase of 41 per cent (464 numbers in October of FY 03-04 as against 329 numbers in October of FY 02-03) despite non-receipt of certifications due to a delay from the government.

The company sources have attributed the growth to product innovation supplemented substantially by an increased thrust on strengthening the sales channel and aggressive promotional activities.

 

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Bajaj Tempo October results maintain growth momentum