Sales volumes - September 2004

	September 2004	September 2003	Change %
MOTORCYCLES	126,420	95,680	32%
TOTAL 2 WHEELERS	140,760	121,072	16%
3 WHEELERS	23,182	20,951	11%
TOTAL 2 & 3 WHEELERS	163,942	142,023	15%
EXPORTS OUT OF ABOVE	17,138	12,495	37%

YTD Sales volumes April~September 2004

	April~September 2004	April~September 2003	Change %
MOTORCYCLES	612,211	490,663	25%
TOTAL 2 WHEELERS	699,659	622,989	12%
3 WHEELERS	118,759	105,229	13%
TOTAL 2 & 3 WHEELERS	818,418	728,218	12%
EXPORTS OUT OF ABOVE	96,013	69,605	38%

MOTORCYCLES

A total of 126,420 Motorcycles have been sold during the current month - an estimated market share of 28.4%, as against 25.2% in September 2003.

The Bajaj CT-100 continued to maintain its market leadership in the entry-level segment; Bajaj sales herein were 83,656 units in September 2004. Capacity expansion to 4,000 per day is underway to overcome the approximately 2 week long waiting period.

In the premium segment, the Pulsar twins recorded a sale of 22,208 in September 2004.

During the current month, with sales of almost 14,000 units, the Bajaj Discover has been launched in select States. With planned production ramp up over October and November, the Bajaj Discover will be available nationally by November 2004.

Bajaj Auto's Y-o-Y growth during H1 / 2004-05 in the motorcycle segment stood at 24.8% - much higher than the industry growth rate of approximately 15.8%.

THREE WHEELERS

Sales of 3 Wheelers during the month was 23,182 numbers - growth of 11%.

EXPORTS

Exports for the month was 17,138 numbers as against 12,495 numbers in September 2003.

With exports of 96,013 units and a growth of 38% for April - September 04, Bajaj continues to be India's top exporter of motorcycles, 2-wheelers and 3 wheelers.