India’s largest exporter of motorcycles and
three-wheelers, Bajaj Auto 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 .
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.
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