August Sales Performance 
              September 1, 2005
             
            August 2005 volumes
  
           
          
            
              
                
                  
                     | 
                    August 2005 | 
                    August 2004 | 
                    Change % | 
                   
                  
                    | MOTORCYCLES | 
                    149,415 | 
                    106,745 | 
                    40 | 
                   
                  
                    | TOTAL 2 WHEELERS | 
                    164,020 | 
                    119,895 | 
                    37 | 
                   
                  
                    | 3 WHEELERS | 
                    22,782 | 
                    19,848 | 
                    15 | 
                   
                  
                    | TOTAL 2 & 3 WHEELERS  | 
                    186,802 | 
                    139,743 | 
                    34 | 
                   
                  
                    | Exports out of the above | 
                    23,752 | 
                    13,575 | 
                    75 | 
                   
                
               
              
                August 2005 was a record month for Bajaj sales in the
                  following respects:
               
             
           
          
            - 
              
                
                  Highest ever sales of the Bajaj Wave DTS-i at 7,300 units;
                  expected to reach 10,000 units by October'05. 
                   
                 
               
             
            - 
              Segment leading sales of almost 87,000 Bajaj CT100; capacity
              constraints due to non-availability of tyres will be overcome by
              October'05.
 
               
             
            - 
              Second highest sales of the Bajaj Discover DTS-i at over 27,000
              units; expected to reach 33,000 units in September'05 and 40,000
              in October'05.
 
               
             
            - 
              Highest ever sales of the Bajaj Pulsar DTS-i twins at over 33,000
              units.
 
               
             
            - 
              Highest ever sales of the Bajaj Avenger DTS-i at 2,300 units;
              expected to reach 4,000 units by October'05.
 
               
             
            - 
              Second highest sales of Bajaj motorcycles at almost 150,000
              units.
 
               
             
            - 
              Motorcycle and 2-wheeler sales grew .significantly higher than the
              industry growth rate; motorcycle market share expected at
              approximately 30%.
 
               
             
            - 
              Sales of almost 23,000 3-wheelers driven by strong demand for the
              Bajaj LPG and CNG 3-wheelers.
 
               
             
            - 
              Second highest exports at almost 24,000 units owing to strong
              demand from all major markets.
 
               
             
            - 
              Highest ever 2- & 3-wheeler sales at almost 187,000 units.
            
 
           
          
            
              
                 
                April~August 2005 volumes  
               
             
           
          
            
              
                 | 
                
                  April~August 2005
                 | 
                
                  April~August 2004
                 | 
                Change % | 
               
              
                | MOTORCYCLES | 
                687,174 | 
                485,791 | 
                41 | 
               
              
                | TOTAL 2 WHEELERS | 
                742,502 | 
                558,899 | 
                33 | 
               
              
                | 3 WHEELERS | 
                98,678 | 
                95,577 | 
                3 | 
               
              
                | TOTAL 2 & 3 WHEELERS  | 
                841,180 | 
                654,476 | 
                29 | 
               
              
                | Exports out of the above | 
                88,943 | 
                78,875 | 
                13 | 
               
            
           
          
            Sanjiv Bajaj 
              Executive Director 
            Date: 1/9/2005 
           
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