Page 5 - Bajaj Auto

Bajaj Auto working on CNG bike, to hit road in June: MD Rajiv Bajaj

Bajaj Auto is developing a portfolio of clean fuel CNG motorcycles, and the first such bike will hit the market in June, Bajaj Auto Managing Director Rajiv Bajaj said here on Friday. The bike will run on CNG and would hit the roads in June, he said while announcing Bajaj Group commitment of Rs 5,000 crore towards Corporate Social Responsibility (CSR) spent over the next 5 years. The new bike would target mileage-conscious consumers and is expected to launch under a different brand. It is expected that CNG bikes will be priced higher than their petrol counterparts due to the higher cost of manufacturing besides having a special tank to offer petrol and CNG fuel options to offer convenience to customers. Bjaja also said that Pulsar launched 20 years ago will hit 2 million units soon. Meanwhile, the Bajaj Group committed Rs 5,000 crore to social impact initiatives over 5 years, with a focus on skill development, under 'Bajaj Beyond' the Group's new identity for all its CSR and charit

Bajaj Auto hits new high; rallies 12% in one week after robust Feb sales

The sharp run-up in Bajaj Auto's stock has led to the company crossing Rs 2.5 trillion in market cap for the first time today

World's first CNG bike launch likely in next quarter, says Rajiv Bajaj

Bajaj Auto, which has more than 30 percent market share in India's three-wheeler market, already has tasted success with CNG technology

Bajaj Auto enhances stake in Yulu Bikes with Rs 45.75 cr investment

Bajaj Auto on Thursday said it has invested an additional Rs 45.75 crore in electric bike-sharing platform Yulu Bikes. Post the fresh investment, the company's shareholding in Yulu Bikes stands at 18.8 per cent of the paid up equity share capital of the electric bike-sharing platform, Bajaj Auto said in a regulatory filing. In 2019, Bajaj Auto announced an investment of USD 8 million (around Rs 66 crore) in Yulu to boost electric vehicle adoption in India.

Nifty hits fresh high, Sensex ends 282 pts higher; consumer durables rally

Stock market highlights on February 19, 2024: Nifty index leaps to a new lifetime high of 22,187 after crossing previous high of February 2, 2024

Stocks to Watch today: Airtel, Paytm, LIC, Bajaj Auto, Adani Group, HDFC Bk

Stocks to watch on Monday, February 19, 2024: Shares of Adani group are likely to be in focus as the group is said to be in advanced talks to raise up to $2.6 billion from sovereign funds.

Harley-Davidson, Triumph blaze a trail, give Royal Enfield a tough ride

Make waves in above 350cc segment, growing demand spurs production growth

Street signs: FTSE boost for HDFC Bank, arbitrage gains in Bajaj, and more

Two-wheeler major Bajaj Auto has set February 29 as the record date for its Rs 4,000 crore buyback

Auto shares rally; Maruti Suzuki, TVS, Hero Moto, Bajaj, M&M hit new highs

In the past one month, the S&P BSE Auto index has rallied 10 per cent against a 1 per cent decline in the S&P BSE Sensex

Working on portfolio of CNG bikes, first launch in FY25: Bajaj Auto

Bajaj Auto is developing a portfolio of CNG motorcycles, and the first such bike will hit the market next fiscal under a new brand, Bajaj Auto Executive Director Rakesh Sharma said on Wednesday. The company wants the government to consider lowering GST on such CNG bikes -- which will serve as a bridge to full electrification -- to around 12 per cent as it seeks to replicate the success it has witnessed in the CNG three-wheelers to the motorcycle segment as well. "We are putting our money where our mouth is. We feel CNG is a great option for the country, for the society and for the riders. We have proven this in three-wheelers and now we want to extend this into two-wheelers," Sharma told PTI in an interview. "It will not be only one vehicle but it will be a range of vehicles across segments. We will fill up the portfolio, we may not present it in one go but the idea is to have a portfolio of CNG motorcycles." Asked about the timeframe for the CNG bikes to hit the roads, he said, "I

Discounts fail to fire up electric 2-wheeler sales in January, shows data

Industry unlikely to meet FY24 target of 1 million registrations

Navigating the profit turn: Bajaj leaves TVS Motor in the rearview

Pune-based 2W maker outrides TVS Motor with sharper margin gears

Bajaj Auto hits new peak, gains 4% in weak market on healthy Q3 results

The two-wheeler major reported its highest-ever quarter revenue at Rs 12,114 crore and EBITDA at Rs 2,430 crore for the quarter ended December 2023.

Stocks to Watch today: Bajaj Auto, Tata Steel, Tech M, TVS Motor, IOC, BoB

Stocks to watch on Thursday, January 25, 2024: Among companies announcing Q3 results yesterday, Tata Steel reported a turnaround while IOC and Ceat postged a 10-fold and 5-fold jump in net profit.

Bajaj Auto Q3 net profit up 38% at Rs 2,032 cr on good domestic biz

No.3 in electric 2-wheeler market riding on Chetak, clocks 10K units-pm volumes

Bajaj Auto Vice Chairman Madhur Bajaj steps down due to health reasons

Bajaj Auto Ltd on Wednesday said its Vice Chairman Madhur Bajaj has resigned due to health reasons. In a regulatory filing, Bajaj Auto said Madhur Bajaj has tendered his resignation from his position in the company with effect from the close of business hours on January 24, 2024. In his resignation letter, Bajaj said considering his age and current health and after being associated with the company for 44 years he wished to step down as the Vice Chairman and non-executive Director of Bajaj Auto. "I believe now is the time for me to pursue my other interests and commitments," he added. Further, Bajaj Auto said its independent director Lila Poonawalla has expressed her desire not to seek a second term when her first term ends on March 31, 2024. The board has approved re-appointment of Pradip Shah as an independent director for the second five-year term effective from April 1, 2024 and also recommended to the shareholders, the appointment of Vinita Bali as an independent director for

TVS, Bajaj Auto forecast lingering challenges to recovery of exports

On top of festive season, Bajaj Auto also benefited from strong demand for its premium motorcycles, led by the two Triumph models

Bajaj Auto Q3 PAT rises 38% to Rs 2,033 crore, revenue at Rs 12,165 crore

Bajaj Auto Ltd on Wednesday reported a 38 per cent jump in consolidated Profit After Tax (PAT) to Rs 2,032.62 crore in the December quarter. The company had posted a consolidated PAT of Rs 1,472.7 crore in the year-ago period, Bajaj Auto said in a regulatory filing. Consolidated total revenue from operations in the third quarter of the ongoing fiscal stood at Rs 12,165.33 crore, up from Rs 9,318.54 crore in the year-ago period, it added. Total expenses were higher at Rs 9,855.44 crore as against Rs 7,644.55 crore in the same period a year ago, the company said. Growth in revenue was led by acceleration in domestic business, which on the back of sharp execution and impactful activation during the festive season, cushioned the relatively subdued, albeit recovering, export sales amidst continued challenges in overseas markets, Bajaj Auto said. The company said while navigating volatile overseas markets, exports posted near double-digit revenue growth on better mix and dollar ...

Bajaj Auto Q3 preview: Adverse product mix may hurt margins, say analysts

Two-wheeler major Bajaj Auto is expected to post over 30 per cent year-on-year rise in both, revenue and net profit, when it reports its December quarter (Q3FY24) earnings on Wednesday, January 24

3-wheeler dominance gives Bajaj confidence to try 2-wheelers running on CNG

Undaunted, Bajaj is looking at launching a CNG-powered motorcycle by 2024-25 and then testing the market with a CNG scooter. For projections, it is looking at electric two-wheelers as an indication