Industrialist and MP Rahul Bajaj on Wednesday added a new dimension to the debate over black money, saying it funds political parties.
In 2008, the companies had planned a tripartite joint venture entity that would build and sell a $3,000 (about Rs 1.4 lakh) competitor to Tata Motors' Nano, the world's cheapest car. Bajaj was to have a 50 per cent stake, with Renault and Nissan having 25 per cent each.
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.
Bajaj Auto, the country's second-largest manufacturer of motorcycles, has phased out two more models. This makes four bike models phased out in four months, due to weak demand.
Bajaj Auto, once known for its scooters which revolutionised the two-wheeler market in the country, on Wednesday said it will exit the segment by the end of the fiscal to focus exclusively on motorcycles. The company that by and large created the scooter market in the country through its popular 'Hamara Bajaj' campaigns in the 1980s and 90s, today sells just one scooter -- the 100-cc gearless Crystal.
It has been a decade since Bajaj launched its bestselling bike model -- Pulsar. Here's looking back at the bike that changed the way we travel.
After 10 long years, Bajaj Auto has finally unveiled the next generation Pulsar, which is not only a huge step forward but will redefine the motorcycle industry.
Bajaj Auto, India's second biggest two-wheeler manufacturer, will continue to pursue its broad plans with the Austrian bike manufacturer KTM Power Sports AG, including a gradual increase of its stake in the performance bike making company.
Among Sensex firms, Trent, Tech Mahindra, Hindustan Unilever, UltraTech Cement, Asian Paints, Eternal and ITC were the major laggards. Selling in HDFC Bank and ICICI Bank also dragged the key indices. However, Axis Bank, Bajaj Finance, Maruti and State Bank of India were among the gainers.
Chairman of Bajaj Auto, Rahul Bajaj says that if he becomes a member of the Rajya Sabha he will not be a silent spectator.
The state is also the biggest market for TVS, another incumbent player, and together with Bajaj Auto, they accounted for 88 per cent of Maharashtra's total electric scooter sales last month. As many as 8,417 units were sold in Maharashtra in September. Bajaj Auto's contribution was 4,048 vehicles and that of TVS was 3,389, according to model- and state-wise data from the Society of Indian Automobile Manufacturers (Siam).
Within days of announcing that he would step down as the chairman of Bajaj Auto, Rahul Bajaj on Thursday said he expects the family feud with younger brother Shishir to be settled by June this year.
The Pulsar 200 SS has been eagerly awaited and is bound to be a massive success among bike enthusiasts, says Faisal Ali Khan
Indian companies also hold a considerable share of the car, bus, and three-wheeler markets in the country.
Kushagra publicly crossed swords with his uncle, Rahul Bajaj calling him a 'raja' (king) who does not have the time to meet his 'prajas' (subjects).
Auto sales in April have started showing the impact of lockdowns that has put the brakes on the recovery of the sector, a report said on Tuesday. With more states announcing lockdowns and some more OEMs expecting to go for maintenance shutdowns, as many as 50 per cent of the dealers are likely to be impacted by the move, it added. However, the full-year prospects remain positive if the COVID wave recedes in the April quarter and the vaccination drive goes as planned, brokerage firm Centrum said in the report.
Bajaj launches Discover 125 ST at Rs 55,740 to take on Honda CB Shine 125
Showing a rift in the Hamara Bajaj-famed two wheeler giant Bajaj Auto, group chairman Rahul Bajaj on Wednesday differed with his son and managing director Rajiv Bajaj's decision to exit production of scooters saying he was not only not convinced but was 'hurt' by it.
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.
Auto firms bet big on premium bikes
And they, sure as hell, going to get your attention...
The company has already shifted production to Aurangabad.
Striking workers lacked support in the Pimpri-Chinchwad-Chakan belt.
The small car, initially supposed to hit the market by 2011, was delayed by a year due to differences between the partners over pricing and design.
Bajaj Auto Ltd is foraying into commercial four-wheelers segment by launching small trucks in the next three-year period. The company is also planning to set up an assembly line for two-wheelers in Indonesia in a joint venture with a local company.
Bajaj family members are in the final stages of reaching a peace formula to their six-year-old dispute over the division of group companies and assets. Sources familiar with the developments said an announcement can be expected in the next 10 days, but did not want to divulge details.
It is confidential for Bajaj, Nissan and Renault and so, I will not speak much about it." The total cost of this project is Rs 2,000 crore (Rs 20 billion).
In an attempt to give its international plans a major fillip, Bajaj Auto, the country's second-largest motorcycle maker, is working towards bringing the technological prowess of Austrian bike maker KTM and Kawasaki of Japan together to form a global alliance.
The country's second largest two-wheeler maker Bajaj Auto Ltd (BAL) on Monday joined hands with Renault-Nissan to launch a small car in India by 2011 that will compete with Tata Motors' Nano on price point - Rs 1 lakh.
'It is a brand that has done so well till recently.'
Bajaj Auto has phased out the Pulsar 200 model to make way for the new Pulsar 220, as both were priced on a par, despite the latter being more powerful.
India's second-biggest motorcycle maker Bajaj Auto would launch a motorcycle in the executive segment within a year and aims to post upto 7 per cent sales growth to 1.5 million units this year, a top company official said today.
Although the revocation application was filed in August, it takes time for the Apellate Board to send notices and hence, TVS took upon itself to inform BAL about the same.
Bajaj Auto's ultra low-cost car project may have a bumpy ride ahead, with partner Renault India still to take a final call on branding and marketing the vehicle.
The partners have, thus, solved the tricky issue of pricing, which has been widely speculated as the reason for the delay in the project announced in 2008.
Bajaj Auto's ambition to zoom ahead of market leader Hero Honda in the entry-level motorcycle segment (75-125 cc) has taken a hard knock.
