The sharp increase in prices of major commodities such as steel, aluminum, copper and rubber may dent auto industry's Q3 results
On Monday, Maruti Suzuki increased the price for select models by up to Rs 34,000 to offset adverse impact of rising input costs
Lack of scale despite a quarter century in India could stall its growth in the market after the break-up with Mahindra & Mahindra
The increase came on back of last year's low base
Bajaj Auto on Monday reported an 11 per cent increase in total sales at 372,532 units in December 2020
Company attributes achievement to sharp focus on motorcycles, strategies of differentiation and practice of TPM combined with global ambitions
May outperform Hero MotoCorp on higher export demand
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Pune based firm will invest Rs 650 crore in a new facility in Chakan near Pune for the segment
The facility will be utilised for manufacturing high-end KTM, Husqvarna and Triumph motorcycles as well as for electric vehicles, starting with Chetak
Wipro on Tuesday said its up to Rs 9,500-crore share buyback programme will commence on December 29
The facility is expected to start producing high-end KTM, Husqvarna and Triumph motorcycles as well as some EVs in 2023
Bajaj Auto on Tuesday said it has entered into an initial pact with the Maharashtra government for setting up a production plant at Chakan at an estimated investment of Rs 650 crore.
This is to simplify the companies' shareholding pattern in premium bike maker KTM
Bajaj Auto on Tuesday reported a 5 per cent increase in total sales to 4,22,240 units in November this year. The company had sold 4,03,223units in the same month a year ago. Domestic sales in November this year stood at 1,98,933 units as against 2,07,775units, a decline of 4 per cent, Bajaj Auto said in a BSE filing. Total motorcycle sales rose 12 per cent to 3,84,993 units, compared to 3,43,446units sold in November last year. Total commercial vehicle sales dropped 38 per cent to 37,247units as against 59,777 in the same month last year, the company said. Exports in November increased 14 per cent to 2,23,307 units over 1,95,448 units in the corresponding month last year, it added.
Stock price has broken out on the daily chart with higher volumes where it closed at nine-month high
Bajaj Auto Ltd on Monday reported an 11 per cent increase in its vehicle sales
Two-wheeler stocks such as TVS Motor, Hero MotoCorp, and Bajaj Auto were among the top gainers on the Nifty Auto index, surging up to 1.6 per cent in the intra-day deals on the National Stock Exchange
At 12:49 pm; Nifty Auto index, top loser among sectoral indices, was down 3 per cent, as compared to 1.2 per cent decline in the Nifty50 index.
Brisk Pulsar 125cc sales cushion firms' margins, even as net profit dips 19% on lower volumes