Bajaj Auto

Tussle between Bajaj brothers ends

Rahul-BajajThe long standing tussle between the Bajaj brothers came to an end after Rahul Bajaj, Chairman, Bajaj Auto sold shares to his brother Shekhar Bajaj and his son Anant Bajaj.

Rahul sold as many as 35.35 lakh shares in Bajaj Electricals, the consumer electronics producing company. With this, Mr. Bajaj has given up 50 per cent of his stake in the company.

This was reveled in a statement given to the BSE, talking about the block deal.

In return to this, Shekhar Bajaj and his family sold their 7.71 million shares which they had in Bajaj Auto to Bajaj Holdings and Investment. The latter is owned by Rahul Bajaj.

Bajaj Auto launches Pulsar 150’s 2010 edition and Pulsar 220 DTS-i

Bajaj Auto launches Pulsar 150’s 2010 edition and Pulsar 220 DTS-iIndian auto company Bajaj Auto has announced the launch of Pulsar 220 DTS-I's new variant in the market.

The model is available in Midnight Black, Plasma Blue, Cocktail Red & Mist Grey Silver colors. It comes with a price tag of Rs. 68,498 (Ex-showroom New Delhi). The new variant features naked styling and retains the performance of the earlier model.

Bajaj Auto net profit jumps two-fold

Bajaj Auto net profit jumps two-fold  Mumbai, Feb 2 : Two-wheeler manufacturer Bajaj Auto Tuesday reported a 189.2 percent increase in net profit to Rs. 475.14 crore for the quarter ended Dec 31 against Rs. 164.27 crore in the corresponding period last fiscal.

The company's total income increased to Rs. 3,330.68 crore during the quarter under review, compared to Rs. 2,140.98 crore in the year-ago period, the company said in a regulatory statement.

The total vehicle sales during October-December stood at 493,748 units, a rise of 64 percent compared to the previous period.

Bajaj Auto Records Two-fold Jump In January Sales

BajajPune-based Bajaj Auto has recorded two fold increase in its total two wheeler sales in January 2010.

The company sold 266,018 units in Jan 2010 as compared to 132,348 during the corresponding period of 2009.

Bajaj's total two wheeler sales during the month under review stood at 233,049 as against 110,363 units sold in January last year.

The company said that the superb growth recorded in January was achieved on the back of robust performance by Pulsar and newly lauched 100cc Discover DTS-Si.

During January, the company had sold 71,970 units of Pulsar, while it sold 92,035 units of its Discover DTS-Si.

Bajaj Auto’s Q3 Net profit increases 189%

India’s second-largest motorcycle maker, Bajaj Auto said that its net profit rose three times in the third quarter this fiscal to Rs 475 crore, from Rs 164 crore same quarter last year. The strong performance comes as strong sales backed by the economic recovery offset the price rise of raw materials.

The revenue for the quarter ended December 2009 recorded a 57% growth to Rs 3,295 crore against Rs 2,140.98 crore in the same period last fiscal. There was a steep rise in the price of raw material in the quarter, which significantly impacted the costs for the auto maker. The raw material costs grew from 66.2% in the second quarter to 68.5% in the third as share of the operating income.

Bajaj Auto targets one million Pulsars per year; launches Pulsar 135 LS

Bajaj Pulsar SalesHaving phased out the production of its venerable Bajaj scooters to shift focus exclusively on motorcycles, Bajaj Auto intends to aggressively pursue a one million per year target for its Pulsar brand of bikes, and has already launched the new Pulsar 135 LS.

India’s second-ranking maker of motorcycles after market leader Hero Honda, Bajaj has also phased out four motorcycle models in the last four years – while it earlier discontinued Platina 125 and the XCD 135 models from the 110cc-135cc executive segment, it has recently decided to phase out Pulsar 200 and XCD 125 models too.

Bajaj Auto to bid good bye to the Scooters

Bajaj-AutoBajaj Auto has announced that the company will no more operate in the scooter segment, which has been its iconic product over a long period of time. The company had stopped manufacturing the Chetak, which had been the world's largest selling scooter, almost three years ago. Moreover it has planned to stop production of its non-starter Kristal series by end of the current fiscal.

Bajaj Auto has informed that now onwards, the company will only focus on the motorcycles market as scooter is no longer the symbol of the Indian middle class. Now they have shifted to Motorcycles due to higher fuel efficiency and better styling.

New Bike launch rocks Bajaj Auto’s share price

New Bike launch rocks Bajaj Auto’s share priceBajaj Auto has launched a new version of its Pulsar bike, Pulsar 135 LS, in order to place the pulsar brand in the mass segment. With this release the shares of Bajaj Auto surged by 1.67% to Rs. 1668.

The Pulsar 135 LS has been launched at an ex-showroom price of Rs. 51,000, in Delhi. Bajaj expects a sale of at least 30,000 units per month of the new Pulsar.

Bajaj Auto has refreshed all the bikes, under the Pulsar brand and the company expects that the new launch will help in the pulsar bikes to go beyond 80,000 units per month.

Bajaj Auto shares soar on new Pulsar 135 LS bike

Bajaj Auto shares soar on new Pulsar 135 LS bikeShares in Bajaj Auto gained 1.67 per cent to Rs 1668 BSE, after the Indian motorbike giant launched new Pulsar 135 LS bike.

Pulsar 135 LS is powered with a state of the art 4-valve DTS-i engine.

The new Pulsar, which will be manufactured from Chakan plant, is priced at Rs 51,000 ex-showroom Delhi.

Bajaj Auto hopes to sell more than 30,000 units of Pulsar 135 cc bike every month.

Bajaj Auto pocketed net profit of Rs 402.83 crore during Q2 September 2009, up 117.85 per cent from the same period of previous year.

Discover sales helps Bajaj sales to grow by 84%

Discover sales helps Bajaj sales to grow by 84%Bajaj Auto, which is the second largest two-wheeler company, has reported that its motor cycle sales increased by 84.07 percent to 242,390 units in November as compared to 131,681 units in the corresponding month of the last year.

The company has given the major part of the credit to its newly launched 100cc Discover DTS-Si and the Pulsar bikes. The 100cc Discover DTs-Si’s sales were at 94,265 units, and 50,153 units of the Pulsar were sold among the total sales of the Bajaj.

Bajaj to produce low-cost car in partnership with Renault-Nissan

Bajaj Auto Renault Nissan Small Car ProjectBajaj Auto, Indian auto major, has entered a deal with Renault-Nissan Alliance to produce and market an ultra low-cost car.

According to the agreement, Bajaj will only design and manufacture the new car, while the Renault-Nissan will shoulder the responsibility of marketing the vehicle in India and abroad.

The would-be low cost car, which will be branded under the French partner’s name, is expected to hit the roads in 2012.

Renault-Nissan announce plans for infra low-cost car with Bajaj

Renault-Nissan announce plans for infra low-cost car with BajajNew Delhi, Nov. 10 : Indian carmaker Bajaj Auto has signed an agreement with Renault-Nissan Alliance to manufacture and market an infra low-cost car that would hit the market in 2012.

"We''ve been working for a long time on infra low cost car that should come to India but could also be exported from India. I have the pleasure to say that yesterday we made an agreement, the infra low cost car will come to the market in 2012," Renault-Nissan CEO Carlos Ghosn announced on Tuesday.

Bajaj motorcycle sales grow 52 percent in October

Bajaj motorcycle sales grow 52 percent in OctoberMumbai, Nov 2 : Leading two-wheeler major Bajaj Auto Monday said its motorcycle sales grew 52 percent in October to 249,681 units, as against the 163,850 units it sold in the corresponding month last year.

"Bajaj motorcycle sales grew 52 percent in October 2009 despite several supply constraints," said Bajaj Auto managing director Rajiv Bajaj in a statement.    

"We are confident of maintaining this growth rate for the rest of FY10," he added.    

Bajaj net profit more than doubles in second quarter

Bajaj net profit more than doubles in second quarter Mumbai, Oct 15 : Two-wheeler major Bajaj Auto Thursday reported a 117.85 percent rise in net profits to Rs. 402.83 crore for the quarter ended Sep 30 from Rs. 184.91 crore in the like period last fiscal.

The company's total income grew 14.47 percent to Rs. 290.92 crore in the period under review as compared to Rs. 254.13 crore in the corresponding quarter last year.

"The profit earned for the quarter exceeded the profits earned during the first half of 2008-09," the company said in a regulatory statement.

Bajaj net profit more than doubles in second quarter

Bajaj net profit more than doubles in second quarter Mumbai, Oct 15 : Two-wheeler major Bajaj Auto Thursday reported a 117.85 percent rise in net profits to Rs. 402.83 crore for the quarter ended Sep 30 from Rs. 184.91 crore in the like period last fiscal.

The company's total income grew 14.47 percent to Rs. 290.92 crore in the period under review as compared to Rs. 254.13 crore in the corresponding quarter last year.

"The profit earned for the quarter exceeded the profits earned during the first half of 2008-09," the company said in a regulatory statement.

Bajaj introduces a new three-wheeler cargo vehicle – RE-600

RC Maheshwari, CEO three-wheelers, Bajaj Auto Bajaj Auto, the largest three-wheeler maker of the world, has introduced a new 3 wheeler, dubbed as ''RE-600'', cargo vehicle in India, in a bid to regain its lost market share. The new vehicle, in the commercial three-wheeler segment, is claimed to be both cost-effective and fuel-efficient.

Bajaj's competitor, Piaggio, significantly eroded its market share in the three-wheeler category and forced it to rethink its cargo carrier space. The company has announced its decision to launch more such vehicles in the current financial year, by increasing capacities of its various plants.

Bajaj Auto inks pact with Bank of Rajasthan

Bajaj Auto inks pact with Bank of Rajasthan Bajaj Auto, India's second largest two-wheeler maker has announced a strategic national tie-up with Bank of Rajasthan Ltd. to offer loans for its two-wheeler customers.

According to a company official, the two giants have tied up to make two-wheeler buying, much easier for both the urban as well as the rural customer. The tie-up will enable customers to avail of finance for their vehicles at an attractive reducing rate of interest.

Market experts believe that the latest tie-up is a win-win proposal for Bank of Rajasthan, Bajaj Auto and their customers.

Bajaj Auto Q1 net profit up 67.4%

Bajaj Auto Q1 net profit up 67.4% Bajaj Auto, India's second largest two-wheeler maker has informed that it has clocked a decent 67.4% jump in its unaudited standalone net profit for the three month period ended June 30.

During the period under review, the company has reported unaudited standalone net profit of Rs 293.49 crore as compared to Rs175.11 crore in the year-ago period.

The company stated in a communiqué that its unaudited standalone total income in the latest quarter surged by 1.47% to Rs 2,338.47 crore as against Rs 2,304.67 crore in the same period last fiscal.




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