The company's total income for Q2FY24 came in at Rs 11,206.84 crore, compared to Rs 10,536.56 crore year-on-year
Closing Bell on Wednesday, October 18, 2023: Brent crude futures jumped 3 per cent after Iran called for sanctions and oil embargo against Israel
This contrasts sharply with the passenger vehicle (PV) market, where automotive manufacturers are posting record sales numbers
Domestic commercial vehicle (CV) sales for Bajaj Auto grew by 60 per cent Y-o-Y as the automaker sold 50,683 units in September 2023, compared to 31,752 units sold in September 2022
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The bike is available in three colours: Racing Red, Ebony Black, and Metallic Pearl White
In the premium segment, where the motorcycles are priced at prices above Rs 1.7 lakh, Bajaj has sold about 8,000 units per month
Buyers at "the bottom of the pyramid" who were hit by the Covid pandemic, job losses and rising petrol price, are not coming back, Bajaj said
Thus far in the calendar year 2023, the stock price of Bajaj Auto has appreciated by 41%, as compared to a 10.7% rise in the S&P BSE Sensex and a 27.7 per cent surge in the S&P BSE Auto index
Bajaj Auto on Friday said its total vehicle sales, including sale of commercial vehicles, declined 15 per cent to 3,41,648 units in August. The company had reported total sales of 4,01,595 vehicles in August last year. The total domestic sales dropped 20 per cent to 2,05,100 units in the previous month as compared to 2,56,755 units sold in August 2022, Bajaj Auto Ltd said in a statement. Total vehicle exports fell 6 per cent year-on-year to 1,36,548 units in August from 1,44,840 units shipped to the overseas markets in the year-ago period, it said. Its total two-wheeler sales declined 20 per cent to 2,85,031 units in the previous month from 3,55,625 units sold in August 2022. Two-wheeler exports, however, increased 2 per cent to 1,24,211 units in August 2023 as against 1,21,787 units in the same month last year.
LIC decreased its shareholding from 5.2% to 3.17% in Bajaj Auto Ltd
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Hero's domestic sales dropped by 12.18 per cent YoY to 391,310 units. Bajaj's domestic sales dropped 13.62 per cent YoY in July
2W exports were also down 16% YoY which came down from 150,670 in July 2022 to 126,850 in July 2023
According to Executive Director Rakesh Sharma, the proposed plant is likely to come up in Manaus Special Economic Zone in northern Brazil and commence production in the next 12 months
Given the high demand, Triumph wants to deal with serious buyers only. Increasing the booking amount may serve that purpose to some extent
During the quarter, the consolidated profit of Bajaj Auto was up 41 per cent year-on-year to Rs 1,644 crore from Rs 1,163 crore in Q1FY23
Its export volumes improved sequentially by 12 per cent amid the continued macro challenges in overseas markets
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Sales also saw a year-on-year jump of 10 per cent to reach 1,027,091 units