Like major banks - State Bank of India, Axis Bank, and IndusInd Bank, top auto brands such as Maruti Suzuki, Bajaj Auto, and Hero MotoCorp have suffered significant losses
The last four months of 2020 include various auspicious occasions such as Navratri, Dussehra, Diwali, etc, hence, consumer's discretionary purchases rise in such months
Benefits will be restricted to Rs 2 crore per exporter from Sep 1 to Dec 31, and may be discontinued from Jan 1, 2021
Profits of Bharat Forge, Bajaj Auto and Balkrishna Industries will also be hit
The Newark-based firm has been reviewing its India operations as part of its global rewire strategy announced in July 2020
Having acquired iconic British brand Norton in April, the Chennai-based company is looking to gain speed in the performance bike market
Demand for the last-mile vehicle has collapsed amid restricted movement
Total two-wheeler sales declined 1 per cent to 3,21,058 units as against 3,25,300 units in August 2019
Bajaj Auto on Wednesday reported a 9 per cent fall in its total vehicle sales at 3,56,199 units in August
The GST meeting on September 17 might take up the two-wheeler rate issue to spur sales ahead of the festive season
The amount is equal to nearly 4% of their combined net sales
Since its entry into India in 2012, KTM has marked its presence across 365 cities and 460 stores. KTM has a customer base of over 2.7 lakh units
Domestic sales in July this year were at 1,58,976 units as against 2,05,470 units, down 23 per cent
With a customer base of over 270,000 lakh, India is the largest market for KTM globally
In April-June, the company sold 1,85,981 units in the domestic market, down 69.55 per cent from 6,10,936 units in the same period last year
Move aimed at sharpening product amid high demand for cheaper bikes
Pandemic induced lockdown saw volumes fall 65%, revenue decline by 60%
All that happened in the markets today
The Pune-headquarted company's profit before tax (PBT) came in at Rs 681.67 crore compared with Rs 1,578.78 crore PBT logged in Q1FY20
For the period under review, the stock price of Bajaj Auto leaped 39.5 per cent, as against 18.4 per cent rise in the Sensex. In comparison, the S&P BSE Auto index surged 42 per cent.