Hyundai Motor India Ltd has become the country's fifth most valuable auto firm by market valuation in its debut trade on Tuesday. Shares of Hyundai Motor India Ltd, the Indian arm of South Korean automaker Hyundai, listed at Rs 1,931, reflecting a decline of 1.47 per cent against the issue price of Rs 1,960 on the BSE earlier in the day. The stock slumped 7.80 per cent to Rs 1,807.05 during the day and finally ended at Rs 1,820.40 apiece, down 7.12 per cent.
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.
From the 30 blue-chip pack, Mahindra & Mahindra, IndusInd Bank, Bajaj Finance, Tata Motors, Bajaj Finserv, Nestle and ICICI Bank were the biggest gainers. State Bank of India, Tata Steel, Adani Ports, Zomato, UltraTech Cement and HCL Tech were among the laggards.
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'
Automobile (auto) retail sales in India grew by an impressive 14 per cent in July compared to the same period last year, driven by a surge in the rural economy, good product availability, and product launches. While passenger vehicles (PVs) saw a 10 per cent increase during this period, inventory levels have surged to a historic high of 67-72 days in PVs, equating to Rs 73,000 crore worth of stock, according to the Federation of Automobile Dealers Associations (Fada). This poses a risk to dealer sustainability. Inventory levels in July 2023 were only 50-55 days, equating to a stock worth Rs 49,833 crore. In June 2024, inventory was between 62 and 67 days, with a stock value of Rs 60,000 crore.
Bajaj plans to double his share in the global market in three years.
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 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.
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.
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.
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
Top losers in the Sensex pack included SBI, HDFC twins, Bajaj Auto, ONGC and Tata Steel, falling up to 2.49 per cent.
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.
Board to meet in March or May to discuss demerger.
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.
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.
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.
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.
Ola Electric's latest MoveOS 5 upgrade delivers sharper performance on its Gen 3 platform due to an optimised in-house Motor Control Unit that enhances range and responsiveness.
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.
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.
Leading automakers Maruti Suzuki, Hyundai, Mahindra, and Tata Motors saw a dip in dispatches to dealers in August amid dip in demand with many prospective buyers postponing their buys anticipating a reduction in vehicle prices on account of the new GST framework. The country's largest carmaker Maruti Suzuki India reported an 8 per cent year-on-year dip in dispatches of passenger vehicles in the domestic market last month.
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.
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.
