Bajaj Auto Ltd has no plan to offer the Japanese company Kawasaki an equity stake in Bajaj Auto or any of its subsidiaries, Rahul Bajaj, chairman and managing director of the company, said in Pune on Saturday.
Eminent industrialist and chairman and managing director of Bajaj Auto Ltd, Rahul Bajaj has been appointed as chairman of the board of directors of the Indian Institute of Technology, Bombay.
India's largest motorcycle maker, Hero Honda Motors Ltd, launched its cheapest 100 cc motorbike yet on Wednesday, hoping to blunt competition from main rival Bajaj Auto 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.
Bajaj Auto Ltd on Wednesday reported a 6.98 per cent drop in its net profit at Rs 179.9 crore (Rs 17.9 billion) for the second quarter ending September 30, 2004, as compared to Rs 193.4 crore (Rs 19.3 billion) in the corresponding period last fiscal.
Bajaj Auto Ltd has clocked a three per cent growth in two-wheeler sales last month at 106,872 units compared to 1,03,790 units in January 2003.
Aided by growth in the executive and premium segments, Bajaj Auto Ltd has clocked a 17.4 per cent rise in motorcycles sales at 91,257 units in November over 77,732 units sold in same period last year.
Bajaj Auto Ltd has posted a 38 per cent rise in motorcycle sales at 95,680 units in September 2003 compared to 69,359 units sold in the same period last year.
The rupee will be a key determinant for stock markets.
Bajaj Auto Ltd has reported a 9.3 per cent growth in its two-wheeler sales in June 2004 at 112,647 units as compared to 103,105 units in June 2003.
Bajaj Auto Ltd has posted a 19.2 per cent increase in the motorcycle sales at 82,239 units in June 2003, compared to 68,965 units sold in the same period last year.
Bajaj Auto Ltd has clocked a 3.1 per cent growth in two wheeler sales for the fiscal ended March 31 at 12,88,259 units compared to 12,49,104 units in 2002-03.
The Chakan plant, which produces the KTM and Bajaj brands, is at present operating with manpower little more than half its total strength.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
India Inc on Saturday cheered the road map for lowering corporate taxation.
The company has already shifted production to Aurangabad.
Licence winners are expected to be announced by the first quarter of 2014.
'It is a brand that has done so well till recently.'
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Scooters such as those from Kinetic Motors had become gearless by then and were no more family rides, but peppier individual modes of transport.
These automotive companies were afraid of competition and made wrong accusations on grounds of safety.
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