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.
'It can be used to build three-wheelers, vans, too'
Bajaj plans to double his share in the global market in three years.
On the Sensex chart, M&M, NTPC, Bajaj Auto, Tech Mahindra, TCS and Maruti emerged as top gainers. NSE Nifty climbed 157.55 points to settle at 14,919.10.
Among the Sensex firms, Mahindra & Mahindra jumped the most by 5.96 per cent. Bajaj Finance, Bajaj Finserv, Trent, ITC and HDFC Bank were also among the gainers. However, Maruti Suzuki India, Bharat Electronics, HCL Tech, NTPC, Power Grid, Infosys and Reliance Industries were among the laggards.
India's leading motorcycle maker Bajaj Auto on Monday introduced the new Discover 112 cc, looking to increase its market share in the 'Executive' segment of motorcycles in the domestic market.
Bajaj Auto, the world's largest three-wheeler maker, expects to launch its four-wheeled passenger carrier RE60 by end of the current financial year.
Bajaj Auto Ltd has no plan to offer the Japanese company Kawasaki an equity stake in Bajaj Auto or any of its subsidiaries, Rahul Bajaj, chairman and managing director of the company, said in Pune on Saturday.
Among Sensex firms, Maruti zoomed the most by 8.94 per cent. Bajaj Finance rallied over 5 per cent, UltraTech Cement by 3.71 per cent, and Bajaj Finserv by 3.7 per cent. Mahindra & Mahindra, Hindustan Unilever and Trent were also among the gainers. However, ITC was the biggest loser, dropping by 1.26 per cent. Eternal, Tech Mahindra and Larsen & Toubro also declined.
Top losers in the Sensex pack included SBI, HDFC twins, Bajaj Auto, ONGC and Tata Steel, falling up to 2.49 per cent.
Facing the heat over the prospect of Tatas' Rs 1 lakh car affecting the two-wheeler market, Bajaj Auto on Monday said it may build cars to ward off the threat.
The new Pulsar will be manufactured from the company's Chakan plant and will have a capacity of 35,000 units per month.
Anticipating a robust demand during the festive season, the company is targeting to sell over five lakh motorcycles in the next two months
Austrian sports bike maker KTM on Wednesday said it will launch its first motorcycle, jointly developed with Bajaj Auto Ltd, in India at the Auto Expo to be held in the capital early next year.
The Chakan plant, which produces the KTM and Bajaj brands, is at present operating with manpower little more than half its total strength.
On the Sensex chart, Bajaj Auto, HDFC, Infosys, Tech Mahindra and ICICI bank emerged as the prominent gainers. NSE Nifty ended with a gain of 106.95 points at 14,724.80.
IndusInd Bank, Nestle, UltraTech Cement, Mahindra & Mahindra, Power Grid, Asian Paints, Sun Pharma and Tech Mahindra were also among the laggards. Bajaj Finance, Bharti Airtel, ICICI Bank, Adani Ports and HCL Tech were among the gainers.
According to sources, the products would be priced in the range of Rs 2.3-2.4 lakh in the European market. However, the Indian market price is yet to be determined.
Board to meet in March or May to discuss demerger.
Tesla's official entry into the Indian market is expected in the final quarter of the current financial year.
Bajaj Auto on Wednesday claimed its entry-level bike Discover has displaced Splendor of rival Hero MotoCorp as the largest selling motorcycle in the world based on sales in September.
French automotive giant Renault and India's second largest two-wheeler maker Bajaj Auto has confirmed that they are holding talks for assessing 'very competitive vehicles' for the Indian market.
Major two-wheeler (2W) manufacturers in India witnessed a single-digit decline in domestic sales in November after dispatches had picked up in October for the festive season when wholesales went up by 14 per cent and retail also grew by 36 per cent.
After ruling the entry level segment with its 100cc motorcycles, the country's second largest two-wheeler maker Bajaj Auto Ltd has decided to exit the segment owing to relatively lower margins.
Bajaj Auto on Monday unleashed a price war in the 150cc motorcycles segment with the launch of its new Discover priced at Rs 46,000 ex-showroom, Delhi), which will be cheaper by at least Rs 6,000 from competitors.
Movement in the equity market this week will be guided by a host of macroeconomic data announcements, global trends and trading activity of foreign investors, analysts said. Stocks markets concluded the last week on a subdued note, as investors grappled with global uncertainties.
The Bajaj Pulsar 150 classic is Rs 10,118 cheaper than the standard Pulsar 150.
It was a ride on the fast lane for motorcycles in India with sales in the domestic market going up as much as 19 per cent in the just-ended financial year to 49,64,442 units.
It's the first time in its 178-year-old history that the iconic British motorcycle firm owned by the Bloor family has got into an alliance. Three years after announcement, the two companies formally signed on the dotted lines on Friday for a long-term partnership, which aims to achieve global scale in a segment in which Royal Enfield has head-start.
Auto industry volumes have grown by 2.5 per cent overall, led by domestic sales of three-wheelers, two-wheelers and passenger vehicles (PVs) in the first quarter of this financial year. Analysts predict an 18 per cent growth in revenues for automotive original equipment manufacturers (OEMs) and profit growth of 69 per cent year-on-year (YoY). However, on a sequential basis, a decline in revenues as well as earnings before interest, taxes, depreciation, and amortisation (Ebitda) margins is expected.
ITC was the top gainer in the Sensex pack, rallying over 7 per cent, followed by Asian Paints, Hero MotoCorp, Maruti, Bajaj Auto, Sun Pharma, TCS and HCL Tech. On the other hand, IndusInd Bank, NTPC, Bajaj Finance, HDFC and L&T were among the laggards. NSE Nifty advanced 39.70 points, or 0.44 per cent, to 9,106.25.
It's got four wheels and seatbelts but the creator of India's first quadricycle would rather not call it a car.
The light weight vehicle features an automatic gearbox and an air conditioner, and will be developed for performance.
These automotive companies were afraid of competition and made wrong accusations on grounds of safety.
