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When asked if the 50% increase was high, he replied: "Yes. But at least you are getting the stuff (chips). It is obviously at the cost of someone else"
According to experts, it may take some time for auto exports to touch 2016 peak numbers
Domestic sales more than doubled to 213,172 units in April this year from 102,177 units in the same month last year
Some Indian electric vehicle (EV) makers are facing a probe for alleged non-compliance with the standards required to be eligible for FAME-II subsidies because of insufficient domestic value addition
Bajaj Auto Ltd is ramping up production of its electric scooter Chetak to touch around 10,000 units a month by June, having overcome supply chain constraints as it gradually expands the sales network of the brand, according to a senior company official. The company plans to have around 150 exclusive outlets for the Chetak electric scooter by September, and is taking a calibrated expansion keeping in mind the uncertainty over the extension of FAME II scheme for promotion of electric vehicles beyond this fiscal. "We are trying to get to 10,000 (units) by June. It is a supply chain issue," Bajaj Auto Executive Director Rakesh Sharma said here on the sidelines of opening of an exclusive Chetak showroom. The company has reached 5,000 units at present and next month, it will try to get to 7,000 units, he said, adding after that Bajaj Auto would assess how the demand is coming to plan future production roadmap. Sharma said the company had faced problems earlier due to over dependence on .
The management said that retails in export market were steadily improving, and inventory levels were low as customers are now accepting increased prices
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'Export demand sluggishness may have bottomed out'
This helped total revenue from operations rise nearly 12% to Rs 8,905 crore
CLOSING BELL: Among buzzing stocks, shares of RVNL were locked at 20 per cent upper circuit, RITES zoomed 9 per cent, and Texmaco Rail 7 per cent
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Bajaj Auto Q4 preview: Analysts estimate flat input cost assumption, and lower operating leverage will weigh on EBITDA and EBITDA margins in Q4FY23
Analysts at Emkay Global Financial Services believe Bajaj Auto's Ebitda margin may expand 196 bps YoY in Q4FY23 due to price hikes, better mix and rupee depreciation
Bajaj Auto Ltd and British bike maker Triumph Motorcycles on Monday said they have completed transfer of the latter's India sales and marketing operations to the Indian firm. The two companies would also be launching a jointly developed mid-sized range of bikes later this year. The development is part of the strategic partnership between the two companies announced in 2020 under which they planned to collaborate to create a new range of mid-sized Triumph Motorcycles. The partnership offers Triumph an opportunity to further build their business as the portfolio expands, Bajaj Auto Executive Director Rakesh Sharma said in a statement. "We will also leverage our formidable distribution network to rapidly expand the exclusive Triumph stores in India in preparation for the soon-to-be-launched, exciting new motorcycles," he added. As part of the partnership, the current 15 Triumph Motorcycle dealerships will be managed by Bajaj Auto but will remain exclusive to the brand and continue to
Bajaj Auto Ltd on Wednesday reported 2 per cent decline in total sales at 2,91,567 units in March as against 2,97,188 in the same month last year. Total domestic sales grew 47 per cent at 1,86,522 units last month from 1,26,752 in March 2022, Bajaj Auto said in a statement. Exports stood at 1,05,045 units as compared to 1,70,436 units in the year-ago month, down 38 per cent. Overall two-wheeler sales were at 2,47,002 units as against 2,56,324 units in the same month a year ago, down 4 per cent, the company said. Commercial vehicles sales were up 9 per cent at 44,565 units last month, compared to 40,864 units in March 2022. Bajaj Auto said, in fiscal year 2022-23, its total sales declined 9 per cent to 39,27,857 units from 43,08,433 units in 2021-22.
The apartment is part of a sea-view luxury triplex apartment located in South Mumbai's Malabar Hill
Bajaj Auto on Wednesday said its total wholesales declined by 11 per cent year-on-year to 2,80,226 units in February. The Pune-based company had dispatched 3,16,020 units to its dealers in February 2022. In a regulatory filing, the company said its total domestic sales increased by 36 per cent to 1,53,291 units last month, as compared with 1,12,747 units in the year-ago period. Exports, however, declined 38 per cent last month at 1,26,935 units, as against 2,03,273 units in February 2022. Two-wheeler wholesales in the domestic market rose 25 per cent to 1,20,335 units, as compared to 96,523 units in the year-ago period. Two-wheeler exports, however, dipped 37 per cent to 1,15,021 units, from 1,82,814 units in February last year. Total two-wheeler dispatches in the domestic market declined by 16 per cent to 2,35,356 units last month, as compared to 2,79,337 units in the year-ago period. Total commercial vehicle wholesales rose 22 per cent to 44,870 units from 36,683 units in Feb