Since its entry into India in 2012, KTM has marked its presence across 365 cities and 460 stores. KTM has a customer base of over 2.7 lakh units
Domestic sales in July this year were at 1,58,976 units as against 2,05,470 units, down 23 per cent
With a customer base of over 270,000 lakh, India is the largest market for KTM globally
In April-June, the company sold 1,85,981 units in the domestic market, down 69.55 per cent from 6,10,936 units in the same period last year
Move aimed at sharpening product amid high demand for cheaper bikes
Pandemic induced lockdown saw volumes fall 65%, revenue decline by 60%
All that happened in the markets today
The Pune-headquarted company's profit before tax (PBT) came in at Rs 681.67 crore compared with Rs 1,578.78 crore PBT logged in Q1FY20
For the period under review, the stock price of Bajaj Auto leaped 39.5 per cent, as against 18.4 per cent rise in the Sensex. In comparison, the S&P BSE Auto index surged 42 per cent.
Maruti Suzuki, Bajaj Auto, and Hero MotoCorp's tax collections were down 60-85 per cent.
March and April were the cruellest for automakers because of a nationwide lockdown. As economic begins to pick up, Surajeet Das Gupta explains how automakers can get business in these uncertain times
The volatility index, IndiaVIX, fell by 5 per cent and ended at a 4-month low of 24.75 levels on Thursday
The workers' union, which has around 3,000 members at the Waluj plant, said they have already spoken to the management and have even offered to put in extra hours
Experts attribute the higher payout to the change in dividend law and cut in corporate income tax.
The unit, which employs close to 8,000 including contract and permanent employees, accounts for half the company's total production in India.
The affected Bajaj Auto factory is located in western Maharashtra, the state with the highest number of cases of Covid-19, the disease the virus causes
Bajaj, who has been vocal about the perils of lockdown, says the states shouldn't repeat the mistakes with more of it
Strap-Bajaj Auto's union makes fresh appeal to shut the Aurangabad plant
According to local administration officials, the Waluj plant will be shut for two days to carry out sanitising operations at the facility.
Firm admits it had its first case on June 6, but says it undertook testing, contact tracing, self-isolation and complete sanitation as per protocol