A series of launches during the past few months has raised demand for Bajaj bikes to new highs. The company is struggling to meet demand, especially for its premium range such as Pulsar, Avenger, and KTM series.
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Shares of Bajaj Auto were down over 4% at Rs 2,439 on the Bombay Stock Exchange after the company reported 8.6% drop in total sales at 3,52,822 units in October 2015 compared with 3,86,017 units in October 2014.Further, sales of commercial vehicles
Bajaj Auto has moved higher by 4% to Rs 2,538 on the National Stock Exchange (NSE) after reporting better than expected net profit of Rs 933 crore for the quarter ended September 30, 2015 (Q2FY16), on back of strong operational performance.
The Bajaj Auto stock gained two per cent on Friday, after the company announced plans to launch its quadri-cycle Qute in Europe. (Quadri-cycles are four-wheeled micro-cars, with limitations in terms of weight, power, and speed).
Bajaj Auto, India’s largest two-wheeler exporter, plans to enter the Russian market with its Pulsar range of motorcycles. Bajaj will be the first Indian company to export a mass market motorcycle to Russia.
Striking a different note from that of his peers, industry leader Rahul Bajaj today said any decision on rate cuts should be left with RBI Chief Raghuram Rajan and he knows this issue "better than the government".
With the depreciation of the yuan and cheaper Chinese exports, one segment that could face Chinese competition is motorcycles. The largest exporters of motorcycles from India are Bajaj Auto (48 per cent of volumes) and TVS Motor (20 per cent).
In a recent interview to Business Standard, Rajiv Bajaj, managing director of Bajaj Auto, said the company might re-enter the scooter market and if and when it does, the iconic Chetak might be revived.