The semiconductor chip supply for the electric two-wheeler industry has normalised but the prices are up by nearly 50 per cent compared to pre-pandemic period, said Eric Vas, president, Urbanite, the electric vehicle (EV) business of Bajaj Auto. "It (the supply) has improved greatly. It has pretty much normalised. The problem is the cost. "The costs remain very high. Hopefully, the costs will start correcting themselves over this fiscal year," he said in an interview with Business Standard.
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.
Bajaj Auto Ltd will soon go for an across the board price hike in order to maintain profitability and offset the impact of the education cess introduced in the Budget, said Bajaj Auto Managing Director Rajeev Bajaj.
The 17 rare earth elements that are at the centre of the current crisis are critical components of everyday products -- from cars to jet engines to electronics like smartphones and flat-screen TVs.
Bajaj Auto has amended its dividend distribution policy as it seeks to reward its shareholders and boost return ratios. The amended policy will also consider the surplus the company has when calculating the dividend payout as a percentage of profits after tax, the Pune-based firm said in a stock exchange filing on Thursday.
Bajaj Auto and TVS Motor are the largest exporters in the listed space with export revenues of Rs 12,000 crore and Rs 5,000 crore.
Overseas shipments at auto firms expanded at a brisk pace year-on-year (YoY) in March, bumping up the overall annual exports for FY22 and taking it to a record level for some like Maruti Suzuki India and Bajaj Auto. Amid a semiconductor shortage, a depreciating rupee and a strong demand in various export destinations, passenger vehicle makers diverted capacity meant for the local market in favour of the more-lucrative export market. Among the passenger vehicle makers, market leader Maruti Suzuki led the rally with its overseas shipments touching a record level of 238,376 units in FY22 - the highest for the company in any financial year.
In a fragmented electric three-wheeler market where no company has more than a 10 per cent share, leave alone a dominant presence, can Bajaj Auto storm in and become king? The company is set to launch its range of electric auto rickshaws in June and hopes to replicate its success in ICE three-wheelers where it is the undisputed market leader with a 63 per cent market share. Can it be crowned king of the electric three-wheeler market too? Overall, electric sale volumes are growing at breakneck speed.
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.
Rajiv Bajaj is on a high. First Bajaj Auto raced into the executive segment with the Discover snapping up a share of 21 per cent
Looking to complete its range of vehicles in the automobile sector, two-wheeler major Bajaj Auto has embarked on a four-year programme to develop a quadricycle for the Indian market.\n\n
Bajaj Auto is likely to launch the much-awaited Quadricycle.
The US carmaker's entry into India is expected by the last quarter of the current financial year.
The maker of Pulsar and Discover reported a net profit of Rs 1,138.20 crore in the second quarter, compared to Rs 1,402.42 crore a year ago.
The board of directors of Bajaj Auto, which met on Thursday, approved a proposal for the demerger of the company.
Major two-wheeler manufacturers in India witnessed a double-digit increase in domestic sales in October, driven by the festival fervour.
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.
Bajaj Auto is gearing up to launch clean-energy vehicles including another motorcycle powered by compressed natural gas (CNG), showcase ethanol-powered motorcycles and three-wheelers next month, as well as launch a new Chetak platform early next year, as it closes in on hitting 100,000 monthly sales from clean-energy vehicles this festival season. In an interview with CNBC-TV18, Bajaj Auto managing director Rajiv Bajaj said these initiatives were part of the firm's broader goal to achieve monthly sales of 100,000 clean-energy vehicles this festival season.
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
Not ready to be bogged down by competitive pressures despite strain on margins, Bajaj Auto has said it was ready to meet any kind of price war "head-on" and could even afford a further reduction in prices.
The company, which produced 970 units on Sunday from the facility, produced 1,250 units on Monday, a senior executive of the company said.
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Consumer groups have urged Bajaj Auto not to bring the Qute to India until such a time that necessary adjustments have been made to its design
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.
After selling brands like Pulsar, Boxer, Platina and RE in over 70 countries, Bajaj Auto plans to enter Thailand this year followed by Brazil next year.
Analysts expect Bajaj Auto to perform well in Q1.
The company decides to launch premium, entry-level bikes after competition hits high gear.
Leading auto maker Bajaj Auto on Monday said its technology ExhausTEC, which help improve performance of a two-wheeler, has been granted a patent by the Munich-headquartered European Patent Office.
Nearly 13 years after it last issued bonus shares, India's second largest two-wheeler maker Bajaj Auto on Wednesday said that it is planning a similar move -- for which its board will meet on July 22.
Five-year time frame for 'slow process of integration'. Bajaj Auto, through its 100 per cent Dutch subsidiary, Bajaj Auto International Holding BV, will buy the additional stakes in the Vienna Stock Exchange-listed KTM on-behalf of the company.
The Pune-based company sells the Platina and CT brands in the entry-level - 100-110cc - segment.
While Bajaj Holdings and Investment Ltd would administer the two and three wheeler manufacturing business, Bajaj Finserv Ltd would be responsible for the company's financial services business including insurance and auto finance.
To regain its number 3 position from TVS Motor, the Chakan-based two-wheeler manufacturer will soon be launching Discover 150 S and 150 F priced at Rs 64,000 and Rs 68,000 respectively.
Bajaj Auto chairman Rahul Bajaj said on Wednesday that plans are afoot to demerge the company, which is India's second largest two-wheeler maker, into two separate companies.
Analysts say Bajaj's move to correct prices can potentially disrupt the market.
The scrip of Bajaj Auto opened at Rs 945, which was also ts intra-day high, while shares of Bajaj Finserv opened at Rs 700 and rallied further to touch a high of Rs 999 in the early morning trade on the Bombay Stock Exchange.Last year Bajaj group was demerged into three separate entities -- Bajaj Auto Ltd, Bajaj Finsev and Bajaj Holdings and Investment Ltd.
The Bajaj family feud has taken another turn with Rahul Bajaj's Bajaj Auto and its associates increasing stake in Bajaj Hindusthan.
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