Bajaj Auto secures order from Sri Lankan govt for 1.25 lakh bikes

Bajaj Auto Ltd, India’s largest exporter of motorcycles and three-wheelers, has secured an order for 125,000 units of its Discover 125M motorcycle from the Sri Lankan government through its distributor, David Pieris Motor Co. Ltd, the company said in a filing to BSE on Friday.

This is a repeat order by the Sri Lankan government. Bajaj Auto had earlier secured an order for 50,000 units of the model. Of this, it has already supplied 48,000 units. The company expects to execute the fresh order over the next three to four months.

Sri Lanka is one of the biggest export markets for Bajaj Auto for its motorcycles and three-wheelers.

Exports accounted for 47% of the company’s net sales in the quarter ended September. During the quarter, the company’s exports earnings rose 28% to Rs.2,736 crore from a year ago.

In the past 12 months, Bajaj Auto has entered many new countries, including Argentina and Mexico, and plans to enter Brazil, one of the biggest Latin American markets for two-wheelers.

The company’s shares ended at Rs.2,466, down 1.58%, on Friday, while the benchmark Sensex closed at 27,371 points, up 0.90%.

Bajaj Auto Limited