Bajaj Auto has realigned its Discover line-up to reduce confusion and boost market share, says Faisal Ali Khan of MotorBeam.com
Austrian two-wheeler maker KTM Power Sports is developing three intra-city transportation models - a trike, a budget car and a scooter - in a joint collaboration with Bajaj Auto. Bajaj, India's second-largest motorcycle maker, owns 21 per cent stake in KTM.
Singing a different tune than its foreign partners, Bajaj Auto on Friday said it will launch a four-wheeler commercial vehicle in mid-2012 from the ultra-low cost car (ULC) platform, which was originally planned to roll out a car with Franco-Japanese alliance Renault-Nissan.
Automotive (auto) and auto ancillary stocks have been in the fast lane thus far in 2023-24 (FY24), with the National Stock Exchange Nifty Auto Index surging nearly 27 per cent, outperforming the Nifty50, which has gained roughly 11 per cent during this period. The top-gear performance of auto stocks at the bourses, according to A K Prabhakar, head of research at IDBI Capital, has been triggered by the premiumisation of products across vehicle manufacturers, which has seen vehicle sales remaining relatively stable. "It is not about higher sales figures now, but about premiumisation.
The country's second-biggest bike maker Bajaj Auto today said it will launch CNG
In doing so, Bajaj has become the first internal combustion engine two-wheeler company to launch an all-electric two-wheeler in India.
Electric passenger vehicle (PV) retail sales jumped more than twofold in September with Tata Motors (TaMo) leading the pack having over 6,000 registrations and a 40 per cent market share.
Tata Steel was the top loser in the Sensex pack, shedding around 4 per cent, followed by Kotak Bank, Bajaj Auto, M&M, Bharti Airtel, Reliance Industries, IndusInd Bank and Maruti. NSE Nifty declined 70.75 points to close at 16,983.20.
Bajaj Auto on Tuesday launched its new 200 cc performance bike 'Pulsar DTS-i' priced at Rs 65,497.
Bajaj talks about his plans for the RE-60, which was showcased in January last year in the Auto Expo, to Business Standard.
The company is also ramping up production at its Pantnagar facility, where it enjoys a 10-year tax holiday, and expects to achieve full capacity utilisation in the next five-six months. BAL has three plants with a total installed production capacity of 2.2 lakh units a month, while on an average it produces 1.6 lakh units.
Bajaj Auto said it did not want to shut down its Akurdi plant and had no intention to use the Akurdi land for any purpose other than the company's automotives business.
Bajaj Auto said it was "concerned" that the Japanese auto giant Honda may have an "aggressive pricing strategy" with its planned entry into the country's motorcycle market in October. Bajaj also launched the CT 400 bike.
Hero MotoCorp and TVS Motor crossed Rs 1,000 crore in R&D spend for the first time, as legacy OEMs accelerate innovation to compete with new-age EV players.
Bajaj Auto's new four-wheeled people-carrier might well create an entirely new category.
'Rahul inspired Indian industry with an ethos, an ethos of being more confident, more independent, more thorough, more competitive, more generous, more public-spirited, and more national and more international all at once,' remembers Naushad Forbes.
With demand continuing to be strong post the festive season, leading automakers, Maruti Suzuki, Tata Motors and Mahindra & Mahindra, saw robust growth in sales in November as compared to the same month last year. Maruti Suzuki India reported the best-ever total sales, including exports, last month at 229,021 units, a year-on-year growth of 26 per cent as compared to November last year.
Two wheeler giant Bajaj Auto is all set to be carved into separate auto and finance entities, to be headed by group chief Rahul Bajaj's sons Rajiv and Sanjiv respectively.
According to industry sources, the company has contacted customers who bought the 125cc XCD to replace faulty electronic components for self start and head lamps along with a part of 'noisy' centre-stand.The company had last month launched the 125cc XCD, which it claims clubs features of a 150cc bike with the mileage of a 100cc motorcycle, at Rs 41,000 (ex-showroom).
Bajaj Auto expects to launch its small car in the next four years in partnership with Renault and Nissan.
This is part of internal transactions. Nothing has been sold outside the group.
Japan's Kawasaki Motors plans to tap long-time partner Bajaj Auto's vendors for putting together its high-end motorcycles for the global market.
Find out what Bajaj Auto has changed in the spruced-up Discover.
In a little over six months, Bajaj, the country's second biggest two-wheeler maker, has sold over 500 units of the Kawasaki Ninja 250R, price Rs 2.69 lakh (the 269,000 same as a Maruti Suzuki Alto car).
Skoda Auto, Volvo Cars and Daimler India Commercial Vehicles are not participating in the Expo.
'Bajaj is proceeding as before to implement this project and any financial or other constraints that Renault-Nissan may have will have no bearing on the ability of Bajaj to implement this project,' Bajaj Auto Ltd Managing Director Rajiv Bajaj said in a statement. He, however, did not elaborate on what kind of financial constraints Renault-Nissan is facing while carrying out the project.
With tax sops kicking in after the opening of its plant in Uttarakhand, two-wheeler major Bajaj Auto has slashed prices of its 100 cc model Platina by Rs 3000, ahead of its planned exit from the segment.
Denying he was charting out succession plans for his two sons, Bajaj Auto chairman Rahul Bajaj on Monday said work was being divided between the two brothers - Rajiv and Sanjiv - for operational efficiencies.
Bajaj plans to double his share in the global market in three years.
'It can be used to build three-wheelers, vans, too'
What has hit sentiment further is a draft proposal by the government to increase vehicle insurance premiums for financial year 2022-23 (FY23). Third-party motor insurance premiums have not been increased over the last two years and if this is approved, insurance costs for specific segments could rise by a fifth. The worst impacted is the 350cc and above two-wheeler segment, where premiums are up 21 per cent. Royal Enfield (Eicher Motor) is the market leader in the segment. The premiums in the 150-350cc two-wheeler category are also being inc
