Bajaj added that doing something like insider trading was height of stupidity.
Bajaj Auto Chairman Rahul Bajaj said on Monday there was no intention to oust Shishir Bajaj from Bajaj Hindusthan, as alleged by his nephew Kushagra Bajaj, CEO of Bajaj Hindusthan.
The production at Bajaj Auto's Chakan plant near Pune remained crippled on Wednesday as the agitation by company's nearly 2,000 employees over wage revision and other demands continued for the second day.
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".
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.
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.
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.
Technology firm Wipro has a "high probability" of getting included in the benchmark Sensex, while two-wheeler major Bajaj Auto is the "most likely" deletion candidate, according to an analysis done by Brian Freitas, an analyst at independent research provider Smartkarma. The changes to the index will be announced mid-November, and will become effective from December 17. The December review uses the 6-month average market capitalisation and trading turnover data between May 1 and October 31 to determine changes.
Truck movements across the India-Bangladesh border are on the rise, with increasing rentals signalling a trade recovery between the two South Asian nations. Yet, geopolitical tension looms large, with Bangladesh now under an interim government for nearly two months.
Ford, which had announced to quit the Indian market last year, said it was exploring the possibility of using one of its plants in India to produce electric cars for exports.
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.
From the Sensex basket, Bajaj Finance, Mahindra & Mahindra, HDFC Bank, JSW Steel, Maruti, Wipro, Bharti Airtel, Bajaj Finserv, ICICI Bank and ITC were the major gainers. Nestle India, HCL Technologies, Larsen & Toubro, Tata Consultancy Services, Tata Motors and Infosys were among the laggards.
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.
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).
'We are Indians irrespective whether we are Punjabi, Gujarati, Bengali, Malayali or Tamilian.' 'I am the best example of this integration.'
Bajaj launches Discover 125 ST at Rs 55,740 to take on Honda CB Shine 125
Chairman of Bajaj Auto, Rahul Bajaj says that if he becomes a member of the Rajya Sabha he will not be a silent spectator.
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
Auto firms bet big on premium bikes
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.
And they, sure as hell, going to get your attention...
Quarterly earnings, global trends and trading activity of foreign investors will drive stock markets in this holiday-shortened week, analysts said. It will be a trading holiday on January 22, with the Maharashtra government announcing a holiday in connection with the consecration of the Ram Temple in Ayodhya. Equity markets would also remain closed on Friday for Republic Day.
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.
The company has already shifted production to Aurangabad.
The K-shaped economic recovery in India from the pandemic slowdown shows in corporate results as well. The automobile sector, which represents big-ticket consumption, continues to do well and has increased its share in corporate revenues and profits while fast-moving consumer goods (FMCG) companies that sell low-ticket consumer goods are struggling with poor sales and earnings growth. The share of the automobile sector, including makers of auto ancillaries, in corporate net sales rose to a 10-quarter high of 10.05 per cent during July-September 2023 (Q2FY24) from 8.94 per cent a year earlier and 9.75 per cent in Q1FY24.
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).
Striking workers lacked support in the Pimpri-Chinchwad-Chakan belt.
The BSE's arm Asia Index has announced Wipro will replace Bajaj Auto in the 30-share Sensex. The move is part of a semi-annual rebalancing exercise and will take effect when the market opens for trading on December 20. On account of the rejig, Wipro will see buying by passive funds to the tune of Rs1,300 crore, while Bajaj Auto will see selling of Rs 636 crore, estimate analysts.
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.
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.
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.
'Price competition is fierce, with many companies selling at zero margin.' 'This pricing pressure is challenging smaller companies and will likely drive some out of the market over time.'
'It is a brand that has done so well till recently.'
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