Sales volumes - February 2005

	Feb 2005	Feb 2004	Change %
MOTORCYCLES	129,409	84,170	53.7
TOTAL 2 WHEELERS	139,573	106,558	31.0
3 WHEELERS	18,556	20,120	-7.8
TOTAL 2 & 3 WHEELERS	158,129	126,678	24.8
Out of which Exports	19,204	13,831	38.8

On the back of simultaneous success across its brand new product portfolio including the Bajaj CT 100, the Bajaj Discover DTSi and the Bajaj Pulsar DTSi, Bajaj continues to grow sales at approximately twice the industry growth rate for the 5th consecutive month. Market share in this period has thus increased from 23.1% to 29.3%.

In anticipation of the continuation of this all round success, Bajaj is expanding its motorcycle capacity to 200,000 units per month in 2005-06.

YTD Sales

	April2004~Feb 2005	April2003~Feb 2004	Change %
MOTORCYCLES	1,315,003	929,328	41.5
TOTAL 2 WHEELERS	1,459,884	1,169,597	24.8
3 WHEELERS	203,231	209,015	-2.8
TOTAL 2 & 3 WHEELERS	1,663,115	1,378,612	20.6
Out of which Exports	172,288	142,383	21.0

The sales of Bajaj motorcycles for FY 2004-05 is expected to be almost 1.5 million units, a growth which at over 40%, is almost twice that of the motorcycle industry.

Bajaj expects to introduce new motorcycles at key market positions during April-September 2005 to further accelerate its motorcycle growth.