The company had posted a net profit if Rs 1,193.58 crore in the year-ago period, Bajaj Auto said in a filing to BSE
Commercial vehicles sales stood at 38,474 units as compared to 34,361 units last September
Analysts believe a sustainable volume and market share gain by Bajaj will force rivals to toe the line
Bajaj's flagship bike, the Dominar 400 is expected to get substantial overhaul in terms of overall specs in order to make it a more compelling offering in its class
Margin gains from the category could, however, be offset by push in entry-level bike segment
Bajaj Auto announced its plan to expand 3 wheeler & quadricycle capacity to 1 million per year as Government announces end to permits.
Under the new structure, Eric Vas will continue to lead the Motorcycle Business Unit (MBU), reporting to the CCO
With African markets on a rebound after witnessing downturn for nearly three years, the Pune-based firm expects to continue the momentum of high double-digit growth witnessed in the first quarter
Motorcycle and commercial vehicle volumes in the domestic market rose 44 per cent to 688,665 units over a year ago
Shares Bajaj Auto dipped 8% after the company reported a lower than expected 21% YoY growth in standalone net profit Rs 11.15 billion in June quarter.
The maker of Discover and Pulsar models saw its share go up to 16.27 per cent in the three months to June from 13.96 per cent in the year ago period
The stock was up 2% to Rs 3,029 in intra-day trade, extending its past five days 9% surge after reporting a healthy volume performance during the month of June'18.
Realisations will be driven by weaker rupee and improving product mix in favour of premium bikes, beside higher three-wheeler sales
Bajaj's remarks come amid the company's steadily declining market share and ceding ground to Hero MotoCorp and Honda Motorcycle India
Bajaj Auto's quadricycle is finally set to hit the roads but the challenge of creating a new category in the competitive automobile market has only just begun
The company's total motorcycle sales (including exports) during the quarter rose 22 per cent to 856,389 units
The company's board recommended a dividend of Rs 60 per share (600% ) subject to approval of shareholders
Shares of Bajaj Auto were trading at Rs 3,245.55 apiece in the afternoon trade, down 4.81% from the previous close on BSE
The stock hit a new high of Rs 3,473, up 2% on BSE in intra-day trade, after the company reported 46% jump in total sales at 353,147 units in January.
With the new models - the Discover 110c, priced at Rs 50,496 (ex-showroom, Maharashtra) and Discover 125cc, priced upwards of Rs 53,490