The company decides to launch premium, entry-level bikes after competition hits high gear.
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.
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.
Tata Motors on Wednesday said it has extended warranty and free service period by one month for those commercial vehicle customers whose tenures are due between April 1 and June 30 amid the second wave of COVID-19 pandemic. Bajaj Auto, too, extended the free service period of all its brands in the country till July 31. In view of the restrictions announced by several state governments across the country to curtail the spread of the COVID-19 virus, Tata Motors has extended warranty and free service period for all its commercial vehicles that were scheduled to expire in the period of April 1 to June 30, 2021.
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.
"Now, in my view, Bajaj is a bit like a zoo," Bajaj Auto managing director Rajiv Bajaj said on Wednesday, likening the different models from the firm's stable as different animals in a zoo.
Multiple tailwinds for the automobile sector, including a cut in goods and services tax (GST) rates, are keeping analysts bullish on auto stocks from a long-term perspective, even as they see the rally running its course in the near term.
Analysts expect Bajaj Auto to perform well in Q1.
Bajaj Auto says that their motorcycle mix is profitable, and they have also seen a boost in three-wheelers and exports growth
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 Ltd, the country's second largest two-wheeler manufacturer, on Monday said it has picked up 14.5 per cent stake in European sports bike maker KTM Power Sports AG for more than Rs 300 crore (Rs 3 billion).
India's electric vehicle (EV) markets expanded gains in January compared to the year-ago period, as two-wheeler and passenger vehicle sales triggered a shuffle in the competitive landscape, data from an automobile dealers' association showed.
Setting the ambitious target of becoming the third largest two-wheeler maker in the world, Bajaj Auto Ltd on Thursday announced entry into the Indonesian market with the launch of its 180 cc Pulsar DTS-i motorcycle.
Bajaj Auto's move to sue TVS comes two days after the Chennai-based company announced plans to roll out its latest 125 cc bike 'Flame' with Controlled Combustion Variable Timing Intelligent (CC-VTi) technology.
690 Supermoto, 690 Duke will be assembled at its Pune plant.
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 Bajaj scooter with the 'Hamara Bajaj' advertisement struck the right chord with millions of Indians.
Analysts say Bajaj's move to correct prices can potentially disrupt the market.
Pune-based Bajaj Auto, the country's second biggest two-wheeler maker, reported a four-fold increase in net profit at Rs 528.65 crore for the fourth quarter ended March 31, over the same quarter last year. Net profit in the year-ago quarter was Rs 130.21 crore, after the company reported a slump in sales following the economic turmoil that crippled demand.
Bajaj Auto Chairman Rahul Bajaj on Friday said he will step down as the managing director of the company with effect from March 31, 2005.
Stock market is gearing up for an eventful week ahead where key triggers such as quarterly earnings from corporates, the US Fed interest rate decision and the upcoming Union Budget for 2026-27 would grab the limelight, analysts said.
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.
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.
The company took advantage of the slowdown in the auto industry.
The union had threatened to go on strike on April 28, but later deferred the proposed strike till May 15.
On name change, Bajaj Tempo CMD Abhay Firodia said, "As per the directive received from the regional director, western region, ministry of company affairs, the company has proposed to change its name to Force Motors Ltd."
The two factions of Bajaj business family with Rahul Bajaj on one side and his brother Shishir on the other have yet to agree upon a final price for sale of the younger siblings 6% stake in Bajaj Auto Ltd.
The country's second largest two- wheeler maker Bajaj Auto on Tuesday launched a sports bike 'Duke 200' from its Austrian associate firm KTM's portfolio at an introductory price of Rs 1.18 lakh (ex-showroom Delhi).
In just three months from now, 'Hamara Bajaj' could become 'Hamara Pulsar' or 'Hamara Discover'.
The company had sold 1,68,971 units in July last year, Bajaj Auto Ltd said in a statement. Total two-wheeler sales during the month also declined marginally at 1,68,731 units compared with 1,69,971 units in the same period a year ago, it added.
The Pune-based company sells the Platina and CT brands in the entry-level - 100-110cc - segment.
The strike, however, had no impact on production of auto majors Maruti Suzuki India, Hero MotoCorp, Honda Cars India, Mahindra & Mahindra, Tata Motors and Hyundai Motors India as their plants in various parts of the country functioned normally.
Bajaj Auto, India's second biggest motorcycle maker, reported on Wednesday higher-than-expected earnings in its fourth quarter, boosted by other income.
India's Bajaj Auto Ltd said on Monday its Akurdi plant in Pune would resume working for six days a week, 20 months after the company cut the number to five.\n\n\n\n
Falling sales at home have failed to douse the company's zeal to grow abroad.
Sobha Puravankara is yet to explain to the safety lapses found by the DGCA.
Bajaj Auto Ltd on Friday said it plans to roll out 5,000 units of its much-delayed four-seater "quadricycle" codenamed RE-60 from its Aurangabad plant.
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