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
Shares of Bajaj Auto were trading 2% lower at Rs 2,344 on the National Stock Exchange (NSE), after the company reported 9% year-on-year (y-o-y) decline in total sales at 288,746 units in January 2015 as compared to 318,171 units in January 2014.The stock
Bajaj Auto is aiming to regain its lost share in the Indian two-wheeler market with six product launches in the next six months that will include a new 100 cc bike besides a 400 cc model under its flagship brand Pulsar.
Bajaj Auto, the country’s third biggest two-wheeler maker, reported a five per cent decline in net profit for the December quarter, hit by falling demand for its motorcycle range in the domestic market.
Bajaj Auto has dipped 3.5% to Rs 2,365 on the National Stock Exchange (NSE) after foreign institutional investor Europacific Growth Fund sold about three million shares worth of Rs 723 crore of two-wheeler manufacturers through open market.
Despite hiccups, Bajaj Auto's yet another gamble with the Discover brand has paid off. Launched nearly four months ago, the stylish Discover 150 has become a runaway success for the Pune-based company, with customers lining up for an upgrade.
Bajaj Auto on Tuesday reported six per cent decline in motorcycle sales at 26,194 units in November 2014.The company had sold 278,703 units in the corresponding month of previous year, Bajaj Auto Ltd (BAL) said in a statement.
Shares of automobiles companies are trading lower by up to 3% after the Reserve Bank of India (RBI) Governor Raghuram Rajan left interest rates unchanged for the fifth time in a row at the central bank’s bi-monthly policy review today.
Bajaj Auto, the country’s third largest two-wheeler manufacturer, will launch a series of products over the next 12 months with the aim of not only regaining market share in the very competitive motorcycle segment but to push it higher.