Domestic market bails out Bajaj Auto in FY16

FY2015-16 was a good year for Bajaj Auto in the context of its annual domestic sales results. The company, which banks more on its exports to keep up its 20 percent EBIDTA margins, saw domestic sales bailing it out from reporting an overall decline in its total annual sales.

SIAM industry sales data reveals the company, which ranks fourth in the domestic market but is the largest exporter of motorcycles (or two-wheelers) from India, registered total domestic sales of 18,98,957 units, a YoY growth of 7.24 percent.

However, the company recorded a decline of 4.08 percent YoY in ...