A few sectors are expected to report double-digit earnings growth in the March quarter. The automobile sector is one. While two-wheelers have seen volumes come under pressure, passenger cars and commercial vehicles fared better.
Bajaj Auto sales continue to disappoint due to its slow-moving motorcycle portfolio, especially the Discover brand. Sales performance in March was impacted by slowdown in Egypt and Nigeria, its key export markets.
Bajaj Auto, India’s third-biggest two-wheeler seller, on Monday reported a 22 per cent slide in overall two-wheeler volumes in March at 209,937 units, against 270,578 units sold in the same month last year.
Bajaj Auto's exports declined by 16% during the month to 98,703 units from 1,18,183 units in the corresponding period a year ago, the two-wheeler major said in a filing to the Bombay Stock Exchange (BSE).
Budget bike brands Platina and CT100 are being used by Bajaj Auto, India's third largest two-wheeler seller, to break the dominance of Hero Motocorp after the Discover brand could not match its expectations.
Even as Bajaj Auto, India's third biggest two-wheeler seller, tries to put brand Discover on a corrected path, it has launched two products in the market - Platina ES and CT100 - to counter the fall in sales.
Bajaj Auto (Bajaj), the third-largest two-wheeler seller, launched its most expensive Pulsar to strengthen its credentials in the premium segment. It is increasingly facing challenges in the budget bikes category.
Eyeing leadership in the Super Sports segment, Bajaj Auto today launched the Pulsar RS 200 bike, priced at Rs 1,18,500 and Rs 1,30,268 for the non ABS and ABS versions respectively, ex-showroom Maharashtra.
Nearly three years since the prototype of the quadricycle was ready, Bajaj Auto’s move to launch it has been stymied by opposition from competitors and legal battles in court, despite the government clearing a policy to allow the new category of
Bajaj Auto has dipped nearly 5% at Rs 2,062, its lowest level since August 2014 on BSE, after reporting a 22% year on year (yoy) decline in total sales in February at 243,319 units as against 313,294 units posted in the same month last year.
With bike sales in January falling for the fourth straight month in a row and scooters turning out to be the fastest growing segment in the whole industry, it is clearly the time for Rajiv Bajaj to re-consider the decision taken six years back to exit