Bajaj bags fresh Lankan order for 1.25 lakh 'Discover' bikes
20 December 2014
Bajaj Auto said on Friday that it has bagged an order for 1.25 lakh units of its Discover-125M motorcycles from Sri Lankan government.
The company through its distributor David Pieris Motor Company in Sri Lanka had earlier secured an order for the supply of around 50,000 units of Discover-125M motorcycles, of which the company has already shipped 48,000 units, Bajaj Auto Ltd said in a filing with the BSE.
''The company has now secured a repeat order from them through the company's distributor in Sri Lanka for the supply of 1.25 lakh units of Discover-125M, which the company expects to execute in the next 3-4 months,'' it added.
Sri Lanka is one of the biggest export markets for Bajaj Auto for its motorcycles and three-wheelers.
Exports accounted for 47 per cent of the company's net sales in the quarter ended September. During the quarter, the company's exports earnings rose 28 per cent year-on-year to Rs2,736 crore.
In the past 12 months, Bajaj Auto has entered many new countries, including Argentina and Mexico, and plans to enter Brazil, one of the biggest Latin American markets for two-wheelers.
The company's shares ended at Rs2,466, down 1.58 per cent, on Friday, while the benchmark Sensex closed at 27,371 points, up 0.90 per cent.