Consumer sentiments have been dampened due to several factors like tight liquidity, high insurance, and high costs
Ratan Tata had only good intentions when he said he conceived the Rs 1 lakh car as he cared for the safety of those using two-wheelers. But Bajaj Auto Chairman Rahul Bajaj thinks its just a ploy to market the vehicle.
Blames govt for raising fiscal deficit by financing consumption-based subsidies rather than focusing on infra.
As the second wave of the Covid-19 pandemic abates, India's automakers are hopeful of a quick recovery in sales volumes, led by better rural sentiment, low interest rates, improved availability of finance and a gradual uptick in business and economic activity. In fact, companies have started to ramp up production already, encouraged by high order books and the growing preference for private transport in both rural and urban areas as a means to avoid infections. In early April, the industry had been bullish as the sales trend for March showed that the effects of the Covid-19 pandemic had been left behind. The total vehicle sales had grown by 77 per cent, albeit on a lower base, and for the past few months, sales had consistently touched 300,000 units per month.
Yamaha is all set to launch two premium bikes, priced close to Rs 1 lakh. This is an attempt to revive the company's dipping sales and image.
Loan rates may go up if interest rates go up by another 100 bps.\n
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Impact of lack of significant investments in the last 4-5 years; inability of private sector to put in fresh capital with availing of loans becoming an issue due to rising NPAs of banks, along with demonetisation were mainly responsible for dampening growth, he said.
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 tie-up is expected to increase competition in the small car market in India, with the Tatas likely to roll out the Rs 100,000-car in less than a year.
Two-wheeler major Bajaj Auto is planning to launch a new 100 cc scooter with digital twin spark ignition engine technology by January 2005, a top executive of the company said on Wednesday.
Following the sharp rally in stocks, investor wealth rose by Rs 1,39,948 crore to Rs 1,10,70,610 crore.
To be able to tide over the current crisis, automobile manufacturers have waged a war against all cost heads.
Two-wheeler major Bajaj Auto on Friday launched 'Avenger' with the DTS-i technology, its latest offering in cruiser bike segment.
Of the 30-share Sensex, 13 ended higher, while 17 led by Power Grid, Tata Steel, Bajaj Auto, Hero MotoCorp, NTPC, Tata Motors, Dr Reddy's, M&M, GAIL, Infosys and L&T finished lower, fell by up to 2.40 per cent
After the hit of the pandemic, India Inc is now worried about the adverse impact of inflation and higher commodity prices on their revenues and margins. The inflation scare is the strongest among manufacturers of consumer goods such as automobiles, consumer durables, and fast-moving capital goods (FMCG). Companies across sectors fear they will not be able to pass on the hike in input costs to their consumers due to weak demand, which, in turn, would lead to a hit on margins and profitability in the forthcoming quarters.
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.
Top corporate managers on Thursday expressed confidence that the Congress-led coalition, in case it forms the government at the Centre, would give a fillip to economic reforms.
Rahul Bajaj, Chairman, Bajaj Auto Ltd, has been conferred with the Alumni Achievement Award by the Harvard Business School from where he obtained his MBA degree in 1964.
The rupee will be a key determinant for stock markets.
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 Auto's race to grab the numero uno position in the premium bike segment is going to be tough as Yamaha Motor India is gearing up for launches in April 2007.
Since April, India has seen multiple strains of the coronanavirus sweep the nation, upending life and businesses alike. Out-of-home retail and discretionary categories such as durables, auto, fashion, lifestyle, hospitality, food services, travel, and tourism have been the worst-hit as Covid cases remain high, leaving state governments with no option but to curtail mobility and economic activity.
