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 Ltd (BAL) on Tuesday said workmen at its Chakan plant have "stopped coming" to work thereby affecting production following the management's refusal to allot them shares at discounted price.
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.
Goldman includes Bajaj Auto Ltd and Tata Steel Ltd in its Asia-Pacific growth recovery group of stocks.
Austrian sports bike maker KTM on Wednesday said it will launch its first motorcycle, jointly developed with Bajaj Auto Ltd, in India at the Auto Expo to be held in the capital early next year.
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.
Bajaj Auto on Monday unleashed a price war in the 150cc motorcycles segment with the launch of its new Discover priced at Rs 46,000 ex-showroom, Delhi), which will be cheaper by at least Rs 6,000 from competitors.
The board of directors of Bajaj Auto, which met on Thursday, approved a proposal for the demerger of the company.
'Bajaj is proceeding as before to implement this project and any financial or other constraints that Renault-Nissan may have will have no bearing on the ability of Bajaj to implement this project,' Bajaj Auto Ltd Managing Director Rajiv Bajaj said in a statement. He, however, did not elaborate on what kind of financial constraints Renault-Nissan is facing while carrying out the project.
The company, which saw a sharp dip in sales last financial year, seems to be coming out of the slump. It is selling more than 250,000 motorcycles a month (including exports). This is a huge jump from the 110,000-unit figure almost a year ago. The jump in sales has resulted in the two-wheeler manufacturer facing a capacity shortage.
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.
Rajiv, who is BAL chairman and MD Rahul Bajaj's elder son, had joined the company as officer-on-special duty on December 19, 1990
Bajaj Auto had accused TVS Motor of infringing its patent on DTS-i -- acronym for Digital Twin Spark Plug ignition -- in TVS Flame. TVS, in its latest 125 cc motorcycle Flame, uses CCVTi technology which Bajaj claims to be a copy of its DTS-i technology. The Pune-based two-wheeler maker uses DTS-i technology in various products including the Pulsar series of bikes.
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).
According to industry sources, the company has contacted customers who bought the 125cc XCD to replace faulty electronic components for self start and head lamps along with a part of 'noisy' centre-stand.The company had last month launched the 125cc XCD, which it claims clubs features of a 150cc bike with the mileage of a 100cc motorcycle, at Rs 41,000 (ex-showroom).
Thirty stocks from various sectors form the Sensex.
Domestic passenger car sales in June grew by 16.36 per cent at 94,002 units as against 80,784 units in the same month a year ago.
Buoyed by staggering sales of Tata's Ace, the one-tonne mini-truck launched mid-2005, Mahindra & Mahindra, Ashok Leyland Ltd, Bajaj Auto Ltd, Piaggio and Hyundai
Bajaj Auto Ltd is close to introducing two-wheelers that will use green fuels such as compressed natural gas or liquefied petroleum gas.
Bajaj Auto Ltd has posted a net profit of Rs 1,339.40 million for the quarter ended December 31, 2002 (DQ-02) as compared to Rs 1,081.70 million in the quarter ended December 31, 2001 (DQ-01). \n\n\n\n
Bajaj Auto expects to launch its small car in the next four years in partnership with Renault and Nissan.
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.
Bangalore-based TVS Motor Co has filed a Rs 250-crore (Rs 2.5-billion) defamation suit against Bajaj Auto Ltd in the Bombay high court, against the latter's allegation of patent infringement. Earlier, BAL alleged that TVS had copied its patented DTS-i (Digital Twin Spark plug ignition) technology in the 125 cc TVS Flame, slated to be launched in December this year.
The Chinese company, Taian Chiran Machinery Company Ltd, had been reportedly marketing a copy of top selling Pulsar in different Latin American markets under Gulsar brand.
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After ruling the entry level segment with its 100cc motorcycles, the country's second largest two-wheeler maker Bajaj Auto Ltd has decided to exit the segment owing to relatively lower margins.
The company said its net sales during the quarter under review stood at Rs 5,061.49 crore (Rs 50.61 billion) as against Rs 4,817.07 crore (Rs 48.17 billion) in the same quarter last fiscal, up 5.07 per cent.
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."
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.
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 Ltd would spend Rs 150 crore for new products and capacity expansion, enabling it to surpass the 10-12% two-wheeler industry sales growth expected this year and set up an assembly plant in Indonesia, a top company official said.
India Inc on Tuesday welcomed the Centre's move to scrap the controversial Press Note 18 and said that it was an "irritant" which has been removed.
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
Bajaj Auto expects to clock an over 50 per cent growth in exports to about 160,000 units during 2003-04, the company said on Thursday.
Aided by growth across all segments, Bajaj Auto Ltd has recorded its highest ever sales of 107,115 motorcyles in October 2003, a 29.2 per cent increase over the same month last year.
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