In the two-wheeler segment, Bajaj Auto reported 31 per cent jump in total sales at 357,883 units in February against 273,513 units in the same month last year.
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.
'It can be used to build three-wheelers, vans, too'
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.
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.
This is part of internal transactions. Nothing has been sold outside the group.
He said Bajaj Auto is a small company and it is wasteful to create expensive concepts
Bajaj Auto on Tuesday launched its new 200 cc performance bike 'Pulsar DTS-i' priced at Rs 65,497.
Hindustan Zinc (HZL), a subsidiary of Vedanta, announced an interim dividend of Rs 21 per share last week, resulting in an outflow of Rs 8,863 crore. The announcement has turned the spotlight on India Inc's dividend-paying policy - more so for reasons driving the generosity of firms. An analysis of BSE 500 companies by Business Standard Research Bureau shows that some of the top 20 dividend-paying companies in 2021-22 (FY22) include Vedanta, Tata Consultancy Services, HZL, Oil and Natural Gas Corporation (ONGC), Indian Oil Corporation (IndianOil), Hindustan Unilever (HUL), Reliance Industries (RIL), and Bajaj Auto, among others.
An alternative to a small car, it is expected to be priced ex-showroom between Rs 260,000 and Rs 300,000, and will offer better mileage (more than 30 km a litre) and less pollution than a car, and will be a convenient alternative to a two-wheeler but at the same operating costs.
On the Sensex chart, IndusInd Bank was the biggest gainer, spurting 5.45 per cent, followed by Bharti Airtel, ICICI Bank, SBI, M&M, Kotak Bank, Tata Steel and HDFC Bank.
Skoda Auto, Volvo Cars and Daimler India Commercial Vehicles are not participating in the Expo.
Equity benchmark Sensex rebounded 454 points on Thursday, boosted by gains in index heavyweight Reliance Industries amid a positive trend in global markets.
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.
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).
The new Pulsar will be manufactured from the company's Chakan plant and will have a capacity of 35,000 units per month.
Among the 30-share basket, 27 stocks led by Bajaj Auto and Bharti Airtel ended with losses.
"As per the agreement, the design, engineering, sourcing and manufacturing will be handled by Bajaj Auto while marketing and selling will be by Renault-Nissan Alliance."
On the Sensex chart, Bajaj Finance, Bajaj FinServ, SBI, IndusInd Bank, Dr Reddy's, Tech Mahindra, ITC and Kotak Bank were the prominent gainers - rising up to 7.29 per cent. NSE Nifty climbed 102.40 points to end at 15,737.75.
Anticipating a robust demand during the festive season, the company is targeting to sell over five lakh motorcycles in the next two months
To jointly manufacture complex and powerful engines soon.
The company, which saw a sharp dip in sales last financial year, seems to be coming out of the slump. It is selling more than 250,000 motorcycles a month (including exports). This is a huge jump from the 110,000-unit figure almost a year ago. The jump in sales has resulted in the two-wheeler manufacturer facing a capacity shortage.
Bangalore-based Reva Electric Car Company, two-wheeler maker Bajaj Auto and Tata Motors are finalising plans to launch electric vehicles in Europe and the US to take advantage of subsidies these countries are offering as part of their environmental agendas.
A knee-jerk reaction, they said, could be detrimental to the fortunes of an industry that is highly dependent on the country given the huge competitive advantage it offers, in terms of cost and speed.
Aamir Khan has bought himself a humble V15 which has been marketed very well by Bajaj Auto, says Indian automobile website MotorBeam.com
'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.
The electric scooter juggernaut which has been picking up momentum with heady growth month-on-month is now slowing down. The combined number of registrations in April of eight electric two wheeler companies has seen a dip of over 1 per cent to 43,061 vehicles, according to data from the Ministry of Road Transport & Highways' site VAHAN. The reasons are the continuing shortage of chips, especially after the Ukraine-Russia war, and the spate of fires which have led to scooters being recalled by manufacturers.
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.
Hero Honda, the country's largest and most valuable two-wheeler company, said it logged sales of 370,575 two-wheelers in April, up 29.5 per cent from April 2008.
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.
In an interaction with former Congress chief Rahul Gandhi on the impact of lockdown on India's economy, Rajiv Bajaj, MD, Bajaj Auto, said India tried to implement a hard lockdown which was still porous and ended up with the worst of both worlds.
While the Nano is priced at Rs 1.12 lakh, Bajaj Auto's RE petrol variant costs about Rs 90,000, while its diesel variant is pegged at Rs 1.2 lakh. Analysts also say Bajaj can drop prices without any problem. "Bajaj Auto has been in the three-wheeler segment for 60 years. Which means their plants are fully depreciated and they can afford to lower the prices, which other manufacturers can't do," says a top executive from a competing three-wheeler brand.
...followed by financial services, IT, and sales and marketing.
A day before the settlement of the six-year-old Bajaj family dispute, the Bombay High Court has asked Rahul Bajaj, the family patriarch and chairman of Bajaj Auto, to compensate the Pittie family, a minority shareholder in group investment firm Bachhraj & Company.
The Madras high court on Saturday restrained TVS Motor Company from manufacturing, marketing and selling its bike 'TVS Flame 125' in the ongoing patent infringement case with rival Bajaj Auto Limited.
© 2026 Rediff.com - Advertise with us - Disclaimer - Privacy Policy - Sitemap - Feedback - About us - Terms of use - Grievances