Expect positive growth in automotive industry from November
Oct 17 2013 , Bangalore
"We have had a very good monsoon. The prices of the crops are also very high. I guess from November onwards, the industry will see a positive growth," he told reporters at the launch of the company's new bike Discover 100 M here.
Srinivas said Bajaj has been the market leader in Bangalore for the last two years and expects the new bike to help the company become a leading player in Karnataka in few months. "That is why this bike is really important for us."
The Pune-based company said the bike can deliver a fuel economy of 84 km per litre and is priced at Rs 45,996 (ex-showroom, Bangalore).
The new bike has not compromised on power to achieve high mileage, Srinivas said.
"Thanks to our patented twin-spark, 4-Valve engines, we are able to power up the mileage in the bikes. The Discover 100 M gives 9.3 PS power and yet delivers 84 km to a litre," he said.