Bajaj Auto, India's second biggest motorcycle maker, reported on Wednesday higher-than-expected earnings in its fourth quarter, boosted by other income.
Bajaj Auto Ltd on Wednesday reported a 6.98 per cent drop in its net profit at Rs 179.9 crore (Rs 17.9 billion) for the second quarter ending September 30, 2004, as compared to Rs 193.4 crore (Rs 19.3 billion) in the corresponding period last fiscal.
Major two-wheeler manufacturers in India witnessed a double-digit increase in domestic sales in October, driven by the festival fervour.
Bajaj Auto Ltd has clocked a three per cent growth in two-wheeler sales last month at 106,872 units compared to 1,03,790 units in January 2003.
Aided by growth in the executive and premium segments, Bajaj Auto Ltd has clocked a 17.4 per cent rise in motorcycles sales at 91,257 units in November over 77,732 units sold in same period last year.
Bajaj Auto Ltd has posted a 38 per cent rise in motorcycle sales at 95,680 units in September 2003 compared to 69,359 units sold in the same period last year.
Falling sales at home have failed to douse the company's zeal to grow abroad.
Tesla's official entry into the Indian market is expected in the final quarter of the current financial year.
Even a high powered performance by Rahul Bajaj at the packed press conference and analyst meet at the Oberoi Hilton in down-town Mumbai couldn't stop the stock from sliding on the bourses.
Bajaj Auto has raced ahead of Hero Honda Motors in terms of market capitalisation following the recent drubbing received by the latter, while the former managed gains in a weak market.
The Freedom 125 has sold 8,310 units in October to date. This is its highest since it was launched in July and may touch close to 9,000 by the end of the month.
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 two-wheeler giant had only 14 per cent of the electric two-wheeler market in May this year, but its 26.8 per cent in December
Aided by growth across all segments, Bajaj Auto Ltd has recorded its highest ever sales of 107,115 motorcyles in October 2003, a 29.2 per cent increase over the same month last year.
Bajaj Auto Chairman Rahul Bajaj on Friday said he will step down as the managing director of the company with effect from March 31, 2005.
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The Bajaj Pulsar 220 was the fastest in India. However things have changed now with the launch of the Honda CBR250R. So Bajaj Auto decided to launch a more powerful version of the Pulsar by September this year to retain the fastest Indian tag.
The company said its net sales during the quarter under review stood at Rs 5,061.49 crore (Rs 50.61 billion) as against Rs 4,817.07 crore (Rs 48.17 billion) in the same quarter last fiscal, up 5.07 per cent.
Bajaj Auto Limited would open assembly plants in Indonesia and Brazil in a bid to boost overseas presence even as it has lined up four launches in the next six months to drive further domestic growth, a top company official said.
Maruti Suzuki and Hyundai Motor India on Monday reported a dip in passenger vehicle dispatches to dealers in the domestic market last month as the companies tried to adjust vehicle inventory amid slowing demand. Maruti Suzuki India said it "calibrated supplies" to the dealers, aligning with the industry's retail sales projections amid India-Pakistan conflict and a dip in sales of entry-level cars.
Two-wheeler (2W) giant Bajaj Auto registered record sales across the country over the weekend on the back of Gudi Padwa, hawking 26,938 vehicles that included motorcycles and its electric scooter Chetak.
The two factions of Bajaj business family with Rahul Bajaj on one side and his brother Shishir on the other have yet to agree upon a final price for sale of the younger siblings 6% stake in Bajaj Auto Ltd.
Bajaj Auto Ltd has posted a 19.2 per cent increase in the motorcycle sales at 82,239 units in June 2003, compared to 68,965 units sold in the same period last year.
The US carmaker's entry into India is expected by the last quarter of the current financial year.
Bajaj Auto Ltd has posted a net profit of Rs 1,339.40 million for the quarter ended December 31, 2002 (DQ-02) as compared to Rs 1,081.70 million in the quarter ended December 31, 2001 (DQ-01). \n\n\n\n
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.
In an eventful week ahead, stock market investors will take cues from major events like the US Federal Reserve's interest rate decision, the upcoming Union Budget and Q3 earnings, analysts said.
Overall, volume growth is likely to be in the range of 3-8 per cent for two-wheelers and 5-7 per cent for passenger vehicles owing to healthy demand from urban and rural areas and pending order books.
For the first time, the event will take place across three locations in Delhi: Bharat Mandapam at Pragati Maidan, Yashobhoomi Convention Centre at Dwarka, and India Expo Mart at Greater Noida.
It has been seven months since the iconic motorcycle manufacturers, Harley-Davidson and Triumph, embarked on their journey in India with the backing of partners Hero MotoCorp and Bajaj Auto. According to data shared by the Indian majors, both brands are already creating ripples in the above 350cc category. The increase in sales has prompted a ramp-up in production and even the doubling of retail touchpoints for one of them.
Bajaj Auto Ltd has clocked a 3.1 per cent growth in two wheeler sales for the fiscal ended March 31 at 12,88,259 units compared to 12,49,104 units in 2002-03.
The country's legacy two-wheeler giants - Bajaj Auto and TVS - are fighting a neck-and-neck battle for market share, with the former threatening to dislodging its rival soon. The Pune-based giant, which was trailing far behind TVS just two months ago in e-two-wheelers (e2Ws), has upped the ante. It has increased its market share based on Vahan registrations from 11.6 per cent in June (when it sold only 9,046 electric two wheelers) to 19.3 per cent (when it sold 14,977 this month till August 30).
Bajaj Auto unions allege that management is not using CSR funds for welfare activities.
Indian companies also hold a considerable share of the car, bus, and three-wheeler markets in the country.
Hero MotoCorp anticipates a big rebound in two-wheeler (2W) sales in rural India over the next four to eight quarters, driven by favourable factors such as a decent monsoon, rising crop prices, improved employment conditions, and increasing consumer confidence, its chief executive officer (CEO) Niranjan Gupta said on Wednesday. Amid tepid rural sales, he stated that there is a "strong case" for GST (goods and services tax) on entry-level two-wheelers, which are under 125 CC, to be moved down from 28 per cent to 18 per cent as they are used by "masses".
Bajaj Housing Finance Ltd's impressive stock market debut has brought cheer to the 100-year-old Bajaj Group, but the conglomerate faces the prospect of Bajaj Finserv being removed from the benchmark Sensex index. According to market expectations, Trent, a Tata group-owned fashion retailer, is likely to replace Bajaj Finserv during the upcoming index rebalancing in December.
'Invest only in stocks of those companies that deliver on earnings and there is earnings visibility too for the next few quarters.'
Why has the shift from ICE to electric slowed down despite initial enthusiasm?
However, while Splendor's annual sales surged 31.7 per cent to 3.638 million units between 2019 and 2024, Hero's other models suffered sharp drops.
