Auto major Bajaj anticipates to finish FY 2010 with sales of nearly 2.9 million vehicles, which also comprise of exports of 9 lakh vehicles.
The company had given itself a sales target of 4 million vehicles for FY 2011, highlighting an increase of nearly 40%, as per a press release from the company.
This would include exports of more than 1 million vehicles. For FY 2011, motorcycle sales are set at more than 3.6 million and commercial vehicles at about 4 lakh, it said.
The Board meeting also permitted increase of overall capacity to 5 million vehicles annually in expectation of sustained increase in the local and international markets in FY 2012.
Continuing with its brand focused strategy concentrating on the Boxer, Discover, Pulsar, and RE brands, Bajaj expected to reach this sales growth while retaining its industry leading EBITDA margins, the release said.