Bajaj to increase bike prices in Jan due to swelled cost Follows in footsteps of Hero MotoCorp and HMSI which increased their motorcycles' prices in range of Rs 250-550 December 6, 2014 Last Updated at 00:35 IST Bajaj trains guns on Hero, Honda to reclaim lost share Bajaj Auto vs Hero MotoCorp: Market prefers growth over margins Honda vrooming past Bajaj With Discover 150, Bajaj eyes bigger market share Pune-based Bajaj Auto plans to increase prices of its Discover and Platina motorcycle models in January to offset the cost rise of the last few months. The company will toe the line of peers Hero MotoCorp and Honda Motorcycle and Scooter India, which increased their prices by Rs 250-550. Bajaj Auto had increased the prices of its Pulsar range by Rs 1,000 a few weeks ago but had left its economy range untouched. Eric Vaz, president (motorcycles business unit), Bajaj Auto said, “We will take a price increase in January on the Discover and Platina range.

We will disclose the exact quantum of the hike next month but it will be in line with the industry standard. This increase is brought about due to the hike in minimum wages in Maharashtra to Rs 3,500 and rise in power costs”. While Bajaj Auto is not directly impacted with changes in minimum wages but its component suppliers had to bring about this change and also pass it on to original equipment manufacturers like Bajaj Auto.motorcycle helmets in reno The company does not expect any significant impact on its sales due to the hike. motorcycles with sidecars for sale in texas“Prices of scooters were also increased but that did not have any impact on their demand”, added Vaz.motorcycle for sale taunton

The senior official also mentioned that November proved to be a very disappointing month for all manufacturers because of a higher than expected drop in retail sales (from dealers to customer). According to sources there is a supply glut of around 155,000 motorcycles in the industry. “We were expecting the drop to be in the region of 38-40% but in reality it was 45-48%. motorcycle repair in davie floridaIn camparison the retail sales drop in November last year stood at 30-40%”, added Vaz.honda motorcycle dealer wichita ks According to Vaz October recorded retail sales of around 1 million units powered by the festive demand. motorcycle hire newcastle ukHowever sales dipped to 0.85 million in November lower than last November when retail sales stood at 0.88 million. motorcycle sell khmer

Some of reasons behind this poor off-take is due to delayed rains resulting into delayed harvesting. “Rural markets have been very sluggish”, said Vaz. In addition the replacement cycle of motorcycles has been larger resulting into prolonged ownership of current vehicle, longer than the usual estimation of around 4-5 years. The January hike will be the first hike by Bajaj Auto on its economy range in at least two years. Last year the company only carried out a hike of Rs 1500 on its money spinning Pulsar range. HMSI increased prices of motorcycles such as Shine, Unicorn, Trigger and the Dream series with effect from September 22. Motorcycles generate half of the company’s sales, while Activa, India’s top-selling scooter, constitutes two-third of HMSI’s domestic scooter sales. The increase in input costs and freight costs led to the increase in prices. Hero MotoCorp had increased prices partially to recover input costs and offset the cascading effect of the consistently-rising diesel costs, which have impacted costs of in-bound and out-bound logistics, power generation and overall transportation.

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