Two-wheeler maker Bajaj Auto today termed employee union's demand that the company allocate funds for tribal development from CSR spend and set up a museum in founder Jamnalal Bajaj's name as "insane" and said it will ensure that work is
Rajiv Bajaj, the managing director of Bajaj Auto, on Thursday, reacted strongly to the threat by the company’s trade union of going again on strike from April 28.“If the demands of the union were somewhat preposterous the last time in June
Vishwa Kalyan Kamgar Sanghatana (VKKS), Bajaj Auto's independent trade union, has threatened to strike at the plant in Chakan (near here) from April 28. It said the company wasn't using its corporate social responsibility funds for workers.
Combined sales volume / dispatches of auto companies in March 2014 have been a mixed bag. According to reports, in the two-wheeler space, Hero MotoCorp and TVS Motor reported double-digit growth in overall sales in March on year-on-year (y-o-y) basis.
Pune-based auto maker, Bajaj Auto Limited, is expecting its newly-launched Discover 125 to help double its motorcycle sales in the mileage segment (100-cc to 125-cc), said K Srinivas, president (motorcycle business).
The Bajaj Auto scrip, which has been under pressure since November last year on the back of weak domestic sales and recently due to Egypt banning the import of two and three wheelers, is likely to have bottomed out.
Strongly refuting the possibility of Rajiv Bajaj, managing director, Bajaj Auto joining Aam Aadmi Party (AAP), Rahul Bajaj, chairman, Bajaj Auto said, "Rajiv is not joining any political party or AAP at all.
Bajaj Auto is trading lower by nearly 2% at Rs 1,810, extending its previous day’s over 3% fall, on news reports that Egypt government has proposed to impose a one year ban on imports of two-wheelers and three-wheelers into the country.
Rajiv BajajWith the law ministry giving a green signal, decks have been cleared for the introduction of a new category of vehicles in India. Quadricycles can now ply as public transport vehicles within city limits.