The facility will be utilised for manufacturing high-end KTM, Husqvarna and Triumph motorcycles as well as for electric vehicles, starting with Chetak
Wipro on Tuesday said its up to Rs 9,500-crore share buyback programme will commence on December 29
The facility is expected to start producing high-end KTM, Husqvarna and Triumph motorcycles as well as some EVs in 2023
Bajaj Auto on Tuesday said it has entered into an initial pact with the Maharashtra government for setting up a production plant at Chakan at an estimated investment of Rs 650 crore.
This is to simplify the companies' shareholding pattern in premium bike maker KTM
Bajaj Auto on Tuesday reported a 5 per cent increase in total sales to 4,22,240 units in November this year. The company had sold 4,03,223units in the same month a year ago. Domestic sales in November this year stood at 1,98,933 units as against 2,07,775units, a decline of 4 per cent, Bajaj Auto said in a BSE filing. Total motorcycle sales rose 12 per cent to 3,84,993 units, compared to 3,43,446units sold in November last year. Total commercial vehicle sales dropped 38 per cent to 37,247units as against 59,777 in the same month last year, the company said. Exports in November increased 14 per cent to 2,23,307 units over 1,95,448 units in the corresponding month last year, it added.
Stock price has broken out on the daily chart with higher volumes where it closed at nine-month high
Bajaj Auto Ltd on Monday reported an 11 per cent increase in its vehicle sales
Two-wheeler stocks such as TVS Motor, Hero MotoCorp, and Bajaj Auto were among the top gainers on the Nifty Auto index, surging up to 1.6 per cent in the intra-day deals on the National Stock Exchange
At 12:49 pm; Nifty Auto index, top loser among sectoral indices, was down 3 per cent, as compared to 1.2 per cent decline in the Nifty50 index.
Brisk Pulsar 125cc sales cushion firms' margins, even as net profit dips 19% on lower volumes
Bajaj Auto is witnessing a strong revival in various export markets, including Africa and Latin America, as they were not hit as hard by the COVID-19 pandemic
Higher premium bike sales offset lower export incentives, collapse of 3W sales
The two-wheeler major had posted a net profit of Rs 1,523.31 crore in the July-september period of previous fiscal
The company's revenue fell 7.15 per cent YoY to Rs 7,155.86 crore, as against Rs 7,707.32 crore in Q1FY20
According to the company's monthly auto sales data, Bajaj Auto sold 10.53 lakh units during Q2FY21, down 10.2 per cent on YoY basis
Double digit growth in exports and premiumisation trend in the domestic market are triggers
Exports of two-wheelers stood at 185,351 units last month, marking a rise of 16 per cent as compared to 159,382 units in September last year
Bajaj Auto on Thursday reported a 10 per cent increase in its total vehicle sales at 4,41,306 units in September.
The gains for India's largest two-wheeler makers are largely expected to come from the rural market due to a shift to personal mobility and higher sales of entry-level bikes