Bajaj Auto

Bajaj to launch Pulsar 375 this year

Bajaj to launch Pulsar 375 this yearIndian automotive major, Bajaj is planning to launch its new Pulsar 375 motor bike this year in the Indian market to compete better with both domestic and global rivals in the country.

Bajaj Auto's third quarter net profit up three percent

Bajaj-Auto-LogoNew Delhi, Jan 16 : Two and three wheeler major Bajaj Auto Wednesday reported a three percent growth in its net profit for the third quarter of the current fiscal, which stood at Rs. 819 crore as against Rs. 795 crore in the previous fiscal.

The auto major posted net sales growth of five percent at 1,127,741 units in the third quarter as compared to 1,075,441 units in the like period of last fiscal year.

According to the company, this was the highest ever profit after tax and turnover in the quarter under review.

Bajaj Auto launches 100 cc Discover motorcycle

/Bajaj-DiscoverPune/New Delhi, Jan 7 : Two- and three-wheeler maker Bajaj Auto Monday launched its 100 cc motorcycle Discover 100T priced at Rs. 50,500 (ex-showroom New Delhi).

"The all-new Discover 100T delivers the power of a 125cc with the economy of a 100cc to bring in the joy of riding to this segment," said K. Srinivas, president, motorcycle business, Bajaj Auto.

"While 100cc bikes do offer good mileage, their style, features and performance leave a lot to be desired. The steady growth of the more expensive 100cc bikes at the cost of the cheaper models is a clear evidence of this."

Bajaj Auto posts ‘highest-ever’ December sales; stock hits 52-week high

Bajaj Auto posts ‘highest-ever’ December sales; stock hits 52-week highPune-based Bajaj Auto Ltd. on Wednesday reported its `highest-ever' December sales, encouraging investors who sent the stock to a 52-week high of Rs 2215 a share.

In a statement to the Bombay Stock Exchange (BSE), Bajaj Auto said that sales of its motorcycle and commercial vehicles jumped 13 per cent and 9 per cent in December 2012, respectively, from the corresponding month of 2011. Consolidated sales and exports grew 13 per cent and 5 per cent, respectively, over the same period.

Indian Market Continues With Uptrend; Gold Finance Companies Gain

Indian Market Continues With Uptrend; Gold Finance Companies GainIndian Stock Markets continued in the positive territory on Thursday as the US markets gained smartly on Wednesday. Stock prices of Gold Loan companies witnessed huge demand after reports of loan valuation for gold ratio increase to 75 per cent.

JSW Steel has increased price of all steel products of the company. The stock price was higher in today's session. Maruti Suzuki and M&M witnessed higher sales during December compared to other auto majors facing tough times.

Big Day for Indian Stocks; Nifty Touches 52-week high of 6006

Big Day for Indian Stocks; Nifty Touches 52-week high of 6006Indian Stock Markets witnessed decent gains on Wednesday as the market rally continued from previous day. NSE Nifty scaled 6000 points level after long time and touched 52-week high of 6006 in intraday trade. At closing bell, NSE Nifty was up by 42 points at 5994 and BSE Sensex was inching towards 20k mark with gain of 125 points.

Indian markets entered year 2013 on positive note as investor sentiment was strong after US fiscal cliff was averted and stock markets across the globe jumped.

Indian Market Trades Flat on Monday; Hindalco, Bajaj Auto Among Losers

Indian Market Trades Flat on Monday; Hindalco, Bajaj Auto Among LosersIndian Stock market was trading flat on Monday morning. The BSE Sensex was marginally down at 18733 and NSE Nifty was down by 4 points at 5693. Asian markets were trading lower. Hang Seng was down by 0.3% at 22031, Straits Times was down at 3031 and Nikkei 225 was down by half per cent at 9007.

Among Indian stocks, ACC was up by nearly 2 per cent at Rs 1434. Dr Reddy's Labs and Cipla were up by 1.5% each. Kotak Mahindra Bank was also among major gainers at Rs 620.

Bajaj Auto to launch most expensive, most technologically advanced 100cc bike

Bajaj Auto to launch most expensive, most technologically advanced 100cc bikeBajaj Auto Ltd. will launch the most expensive and technologically most advanced motorcycle in the 100cc segment in January 2013, a senior executive from the leading two-wheeler manufacturer has announced.

Speaking to reporters, Bajaj Auto President (Motorcycle Business) K Srinivas said, "It will be the most expensive 100cc bike ever launched and will be the most advanced technologically."

JK Lakshmi Cement, Force Motors Declare Strong Q2 Results

JK Lakshmi Cement, Force Motors Declare Strong Q2 ResultsJK Lakshmi Cement reported strong performance during second quarter of current financial year. The stock was trading 5 per cent higher and touched 52-week high in today's trade. The company reported Q2 net profit at Rs 50 crore compared to Rs 6.5 crore during same quarter last year. Sales were higher at Rs 491 crore compared to Rs 354 crore. ACC and UltraTechCement were marginally higher while Ambuja Cements was trading lower.

Bajaj Auto suffers 14% decline in Sept. sales

Bajaj Auto suffers 14% decline in Sept. salesTwo-wheeler giant Bajaj Auto on Tuesday posted a year-on-year decline of 14 per cent in overall sales for the month of September.

In its sales statement, Bajaj Auto confirmed that it sold 360,152 units in September this year, down from 417,686 units in the corresponding period of the previous year.

The auto giant held this year's late festive season along with sluggish market conditions responsible for the decline in sales.

Nissan pulls out of Bajaj Auto ultra low-cost car project

Nissan pulls out of Bajaj Auto ultra low-cost car projectJapan-based auto manufacturer Nissan has ruled out any future partnership with Bajaj Auto on a planned ultra low-cost car project.

Pune-based Bajaj Auto had reached an agreement with Nissan and its French partner Renault on a project for sourcing of an inexpensive car. Under the terms of the agreement, the Indian automaker would manufacture the inexpensive car for Renault-Nissan, which would sell the car under their brands.

Indian auto industry needs urgent help: SIAM

Indian auto industry needs urgent help: SIAMThe car industry of India is undergoing difficult situation and needs urgent help, industry lobby group Society of Indian Automobile Manufacturers (SIAM) said.

Sugato Sen, senior director at SIAM, urged the government to lend a helping hand to the industry, saying the various segments of the industry had been suffering decline in sales.

Speaking on the topic, Mr. Sen said, "Car sales are under pressure, two-wheeler sales have gone down and medium-and heavy-duty commercial vehicle volumes are down. The industry needs urgent help to come out of this situation."

Demand for two-wheelers falls for first time in 42 months

Demand for two-wheelers falls for first time in 42 monthsIndian two-wheeler industry suffered decline in sales for the first time in more than three years in August this year, mirroring the prevalent slowdown in the country's economy.

Manufacturers sold a little less than 1.2 million scooters and motorcycles in August this year, 5.5 per cent less than the 1.3 million sales in the corresponding month of 2011.

Two-wheelers slide on inventory concerns

Two-wheelers slide on inventory concernsStocks in two-wheeler companies slipped as investors are concerned over declined sales.

A survey conducted by IIFL Institutional Equities has revealed that demand for two-wheelers has worsened this year, and major manufacturers like Hero and Bajaj dealerships have inventories at a high of up to 40 days.

Brokerage firm UBS earlier this month removed Hero Moto from its model portfolio. It revised its target price on Hero Moto Corp to Rs 2,350 as it expects sales to decline further.

Indian Market Closes at 5-month High; Crude Touches 3-month High

Indian Market Closes at 5-month High; Crude Touches 3-month HighIndian Stock Market closed at five month high on Monday. The BSE Sensex remained flat during most of the trading session but inched up in the last one hour of trade. BSE Sensex closed 75 points higher at 17633 and NSE Nifty closed at 5347, registering a gain of 27 points.

CRISIL Report Reduces India GDP Growth Target to 5.5%

CRISIL Report Reduces India GDP Growth Target to 5.5%CRISIL Research has cut India GDP growth forecast to 5.5 per cent for 2012-13 based on lower foreign investment inflows to the country. The report has reduced the estimates from earlier 6.5% GDP growth.

CRISIL report also expects the WPI inflation to remain higher at 8 per cent. Indian economy is already struggling lower growth. The policy in-action of UPA government will result in lower foreign investment and can reduce growth in various sectors.

Bajaj Auto net profit rises 1 per cent Rs 718 crore

Bajaj Auto net profit rises 1 per cent Rs 718 croreIndian auto major, Bajaj Auto has said that its net profit rose 1 per cent to Rs 718 crore for the quarter till June 2012 compared to same month in the previous month.

The rise in net profit in generally in line with the analyst expectations of Rs 712 crore during the quarter. The net sales of the country's second largest two-wheeler rose 4 per cent to Rs 4,714 crore from Rs 4,535 during the same period in the previous year.

Bajaj Auto Bike Sales Remain Up By 1% In May 2012

Bajaj Auto Bike Sales Remain Up By 1% In May 2012Bajaj Auto registered 1.23% growth in motorcycle sales during the month of May at 3,21,922 units.

As per reports, India's second biggest two-wheeler manufacturer had sold around 3,17,989 units during the same period of 2011.

Exports surged 3% during May at 1,30,573 units as against 1,26,818 units during the same month last year.

In the commercial vehicles group, Bajaj Auto declared that its sales dropped 26% at 30,297 units from 40,860 units.

Bajaj Auto Q4 Net Slips 45%; Eyes To Sell 50 lakh Units In 2012-13

Bajaj Auto Q4 Net Slips 45%; Eyes To Sell 50 lakh Units In 2012-13Pune-based Bajaj Auto Ltd has registered a decline of 45% in its standalone net profit, which remained at Rs 772 crore for the three month period ended March 31, 2012.

Country’s second-largest two-wheeler firm had recorded a net profit of Rs 1,400 crore in the corresponding period of last year.

Financials were not purely comparable owing to an exceptional item of Rs 826 crore in the same period of last year that encouraged the nation’s net profit.

Bajaj Auto posts best ever February figures

Bajaj Auto posts best ever February figuresIndia's leading auto sector player, Bajaj Auto Ltd has posted its best ever results for the month of February this year as its sales increased 5 per cent to 343777 vehicles in February 2012 compared to 326874 vehicles in February 2011.

The country's second-biggest two-wheeler maker's motorcycle sales were recorded at 301961 vehicles in the month compared to 286657 vehicles in February 2011. the sales in the commercial vehicle segment grew to 41816 vehicles against 40217 vehicles in February 2011.




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