Chandrasekaran said the demand for EVs needs to be created with the right incentives
Hero MotoCorp and Honda Motorcycle and Scooter India saw volumes skid 23.22 per cent and 10.59 per cent, respectively
Total motorcycle sales stood at 3,22,210 units, a decline of 3 per cent, as compared to 3,32,680 sold in July last year
The stock had hit a low of Rs 2,506 in early morning deal before the announcement of results.
The company had posted a consolidated net profit of Rs 1,115.2 crore in the year-ago period
The key issues to watch out for would be any update on 2W demand outlook from urban and rural areas, price increase in domestic markets across segments, and update on EV strategy
The first Made In India Triumph model from the new venture is likely to be a 400cc motorcycle that will roll out of Bajaj's Chakan facility by the end of 2021
Commercial vehicles sales declined by 16% to 54,167 units during the month compared to 64, 449 units in the year-ago period
The new Avenger Street 160 will bring a sporty cruiser experience to the large set of emerging 150-160cc users, the company said
Bajaj Auto MD says it is wrong to link incentives to localisation
The new Dominar 400 comes with a liquid cooled 373.3cc engine that delivers significantly higher 40 PS power
Talks with cab aggregators to take concrete shape by month end
Hero MotoCorp published full page ads on Monday, announcing an attractive insurance scheme that gives buyers five-year own-damage accident cover
What new campaign hopes to do is also build greater confidence in the brand and by ascribing a global stature to the Bajaj brand
Bajaj Auto reported a net profit of Rs 1,102 crore in the three months ended December
The company has highlighted some tailwinds to support the margins
Irrespective of the sluggishness in the domestic two-wheeler market in last few months, Bajaj is optimistic
The company is the only one among the auto pack which has not seen a significant downward earnings revision for the current fiscal year after the July-September quarter results
He, however, sounded upbeat about the prospects of the KTM, an Austrian racing brand that the company had invested in 2007
Operating profit margin at multi-quarter low, may slip further