Country’s top two-wheeler companies, Hero MotoCorp and Bajaj Auto, are set to see a dip in revenue and profitability in the January-March quarter of FY17 as volumes remain under pressure. Firm raw material prices will also weigh upon the margins.
Bajaj PulsarLeading two-wheeler maker Bajaj Auto on Tuesday reported a decline of near five per cent in net profit for the third quarter ended December, 2016, as demonetisation hit volumes and revenues.
Bajaj Auto workers at Chakan and Akurdi will go on a one-day hunger strike on Sunday, October 2, to to demand faster settlement of the wage issue and reinstatement of eight dismissed workers after the previous round of wage negotiations.
Shares of eight companies - Asian Paints, Bajaj Auto, Eicher Motors, Housing Development Finance Corporation (HDFC), HDFC Bank, Hero MotoCorp, Kotak Mahindra Bank and UltraTech Cement from the Nifty50 index have hit their respective lifetime highs on the
Shares of automobiles companies were trading higher by up to 4% on the National Stock Exchange (NSE) in an otherwise subdued market after the Rajya Sabha passed the Goods and Services Tax (GST) Constitutional Amendment Bill.
Bajaj Auto, the country’s third largest two-wheeler manufacturer, posted a two per cent rise in net profit for the June quarter, beating Street estimates. It was helped by higher domestic volumes and lower taxes.
Riding high on overwhelming response to V15, Bajaj Auto is now gearing up to dominate value segment 150 cc motorcycle market. The company is already considering the launch of 2 new bikes under the V brand by the end of the 2017-18 fiscal.
The Madras High Court has issued an interim order, restraining automobile major Bajaj Auto and others from an advertisement which allegedly disparages the TVS Motors' product TVS XL 100 by comparing the fuel efficiency on the basis of false figures.