India's leading auto sector player, Bajaj Auto Ltd has posted its best ever results for the month of February this year as its sales increased 5 per cent to 343777 vehicles in February 2012 compared to 326874 vehicles in February 2011.

The country's second-biggest two-wheeler maker's motorcycle sales were recorded at 301961 vehicles in the month compared to 286657 vehicles in February 2011. the sales in the commercial vehicle segment grew to 41816 vehicles against 40217 vehicles in February 2011.

Exports from the company grew 20 per cent to 122727 vehicles in February this year compared to compared to sales of 102433 vehicles.

The shares of the company fell 1.52 per cent and were trading at trading at Rs. 1750, despite spectacular figures from February. The shares have touched a high of Rs. 1795.50 and low of Rs. 1734 so far. The company has already reduced its FY12 volume growth guidance to around 15 per cent from 16 per cent. The company will have to sell 3.86 lakh units in the month of March to achieve the target.

Managing Director Rajiv Bajaj said, "This year, we haven't really put out any significant new products and I think that has taken some toll on the growth."