Motorcycle sales in the ongoing festive season so far are below expectations as demand is muted and the industry will be lucky if it sees 3-5 per cent growth compared to last year, Bajaj Auto Executive Director Rakesh Sharma said on Wednesday. While there are still about 15 more days to go for the festive … Read more
Mumbai: Bajaj Auto’s net profit went up 9% in the September quarter over the year-ago period, driven by a robust operational performance across two- and three-wheelers in the exports and domestic markets and a higher contribution of pricier models in the overall product mix. The earnings were almost in line with Street estimates. Overall volumes … Read more
Bajaj Auto has released its Q2 results. Bajaj Auto Q2 Results: Its revenue during July-September 2024 jumps 22 per cent to Rs 13,127 crore, compared with Rs 10,777 crore in the year-ago period. Automobile major Bajaj Auto on Wednesday reported a 9 per cent rise in its standalone net profit to Rs 2,005 crore for … Read more
Bajaj Auto Ltd, a prominent player in India’s two-wheeler market, on Wednesday announced an investment of up to $10 million in its fully-owned subsidiary, Bajaj Do Brasil Comercio De Motocicletas Ltda, commonly known as Bajaj Brazil. The investment, approximately ₹84 crores at current exchange rates, is designed to support business growth and meet the increasing … Read more
Road transport and highways minister Nitin Gadkari, on Tuesday, chaired a review meeting with representatives of the Society of Indian Automobile Manufacturers (Siam) to discuss the readiness of the automobile industry for ethanol and flex fuels. Discussions were held on readiness of the industry to launch flex engine vehicles that can run on ethanol in … Read more
As per several media reports, Bajaj Auto is planning to launch the Pulsar N125 in India on October 16, 2024. The auto major has sent media invite for this date. This new motorcycle aims to compete with popular models like the TVS Raider 125 and the Hero Xtreme 125R. Focusing on urban riding, the Pulsar … Read more
Mumbai: The festive season will be crucial for India’s top two two-wheeler makers as the duo, accounting for more than half of the market, plan to intensify their slugfest and go all out to chase volumes and market share with aggressive promotional schemes in the world’s largest market. Hero MotoCorp aims to retail 1.5 million … Read more
The journey of shifting to electric mobility is not going to be easy for automakers as it is tough to generate profitable margins and get scale in the electric vehicles (EVs) segment, says a research report by Bernstein. The report noted that generating sufficient margins and scaling up in the EV space is difficult, even … Read more
Bajaj Auto plans to expand the product line up and bolster sales network under the Triumph brand to consolidate its position in the robustly growing domestic mid-size motorcycle segment, according to a senior company executive. The Pune-based firm, which has a global partnership with British motorcycle brand Triumph, on Tuesday unveiled two 400-cc bikes, Speed … Read more
Bajaj Auto Ltd on Monday said it will need to increase its provision for deferred tax by Rs 211 crore due to the withdrawal of indexation benefit and change in the tax rate on long-term capital gains on debt mutual fund. The company invests its surplus funds into a range of asset classes, including debt … Read more
