Bajaj, LML post negative sales

Sales of Bajaj scooters dropped by 10.5 per cent to 5.77 lakh vehicles in 1999-2000. The decline in case of LML Ltd was sharper at 14 per cent as its sales was 2.83 lakh units during the reference period compared to 3.28 lakh vehicles in the previous year.

Other scooter makers like TVS Suzuki and Kinetic Motor,however, clocked positive sales at 1.28 lakhs and 1.20 lakhs units respectively during the fiscal ended March 31, 2000, representing a growth of 26.2 per cent and 21.7 per cent respectively over the previous year.

In the motorcycles segment, market leader Hero Honda maintained its supremacy by selling 7.62 lakh bikes during the review period from 5.31 lakhs a year ago, a growth of 43.6 per cent.