Bajaj Auto Managing Director Rajiv Bajaj has been fighting a year-long battle to get permission from the government to allow quadricycles as a new vehicle category, despite strong opposition from the Tatas and Maruti Suzuki.
We have marginally tweaked our earning estimates for FY2014 and FY2015 to factor in a little higher than expected revenue and other income in Q4FY2013. We expect the sales volume growth of the cigarette business to remain subdued in FY2014. However, the
Weak demand and adverse product mix impacted Pune-based Bajaj Auto, India’s second biggest two-wheeler manufacturer, to post a 0.77 per cent dip in net profit for the quarter ended March 31, 2013.The company reported a net profit of Rs 766 crore for
Bajaj Auto, India's second-largest two-wheeler manufacturer, emerged as a favourite among Foreign Institutional Investors (FIIs) during the quarter ended March, 2013 despite the sector facing one of its worst period.
Bajaj Auto, India’s second largest two-wheeler maker, said it is ready to launch its quadricycle, RE60 (project code), in India, as soon as the government issues regulations for this type of vehicle, a first in India.
Bajaj Auto is trading lower by 2% at Rs 1,752 after reporting 10% year-on-year (yoy) drop in total sales at 301,231 units for the month of March 2013. The country’s second largest two-wheeler maker had sold 335,515 units during the same month
Domestic motorcycle industry to remain subdued in near term: The domestic motorcycle industry remains sluggish. Weak macro-economic conditions and higher fuel prices have affected the demand for motorcycles.