12% growth in motorbike sales, benign raw material prices drive performance; full-year profit up 30% to a record Rs 3,652 cr
Profit up 29%, aided by launches, better product mix, strong volume growth; road ahead looks good
Net profit for the full fiscal 2016 was Rs 3,783.98 crore, up 25% from FY15; company announces final dividend of Rs 5 a share at 50% face value
The stock up 5% to Rs 2,505 after the company reported 29% YoY jump in net profit at Rs 803 crore in Q4FY16.
Powered by new model launches in recent months, Bajaj's all-motorcycle line-up beat TVS Motors in April sales
However, Bajaj Auto's exports declined 36% during the month
They were expressing safety concerns over the crash test result of the Qute
The Pune-based firm sold 2,54,967 three-wheelers during the 2015-16 fiscal
Volkswagen's statement comes a day after Global NCAP had hit out at Bajaj Auto for making 'misleading' claims
The motorcycles will be distributed through a chain of KTM dealerships to be managed by Bajaj Auto
I'm not sure if an Avenger can impart the same charm as, say, a Royal Enfield: Ravi Bajaj
The board had declared an interim dividend of Rs 50 per equity share of Rs 10 each (i.e. 500 %), for FY16.
The company is now ready to promote the 'V' brand initially as a 'high power commuter bike' with unorthodox styling
The new bike is using a dash of military history, smart pricing and a retro look to get the attention of commuters across the country. Can the brand live up to the story?
The bikes would be made using metal from the dismantled Indian navy aircraft carrier INS Vikrant
Exports however decline by 12% during the month