Page 31 - Bajaj Auto

Bajaj Auto hits new high on September sales numbers

The stock hit a new high of Rs 3,208, up 3% on BSE after the company reported a highest ever total sales of 428,752 units in September

Bajaj Auto sales up 14% at 4.28 lakh units in September 2017

Bajaj Auto total sales at 3.35 lakh units in August 2017

Bajaj Auto: Exports improve, but domestic recovery more crucial

The Bajaj Auto stock was up four per cent on Friday after the company reported year-on-year growth in sales for the first time in six months. Led by seven per cent growth in exports, overall volumes in August was up three per cent to 3.35 lakh units compared to the year ago month. Commercial (three wheelers) vehicles sales, which accounted for 15 per cent of overall volumes, continue to do well both in the domestic as well as exports markets posting a growth of 12-13 per cent in both markets. However, for the street sentiment to improve further, it is crucial that the domestic volumes pick up for Bajaj Auto as it constitutes 60 per cent of volumes (exports is about 40 per cent).What, according to analysts, has stood out is the recovery in the two wheeler (motorcycle) exports segment. Two wheeler exports, which have been under pressure over the last few months, were up nearly seven per cent. Two wheeler exports have fallen in each month from May to July and the fall has been in the ...

Bajaj Auto seeks a Triumph: To break into niche market via tie-up

The tie-up will develop models at Bajaj's Maharashtra plant, sell them in India, global markets

Rahul Bajaj's sister gives up 'promoter' tag at Bajaj Auto

In a rare case of suo motu reclassification, Suman Jain, sister of Bajaj Auto chairman Rahul Bajaj, has tagged herself as an ordinary shareholder in the automaker.In the letter addressed to the chairman of Bajaj Auto, she claimed although she is an immediate relative of Bajaj, she doesn't have role to play in the daily operations of the company. This move will substantially reduce the regulatory obligations and the compliance liability of Jain as she will no longer be treated as an "insider" under Securities and Exchange Board of India (Sebi's) Prohibition of Insider Trading Regulations.Jain, who holds 0.36 per cent in the company, argued that she can't be termed a promoter by merely being the sister of the promoter. Legal experts say the move is significant as it could trigger open the door for more such reclassification. "Sebi may relax condition for re-classification in specific case, if it is satisfied about the non-exercise of control by the outgoing promoter," said Yogesh ...

Incremental gains from a Bajaj Auto-Triumph partnership

Analysts estimate alliance to hit volumes of 50,000 units by FY21

Bajaj Auto, Triumph Motorcycles ink pact to develop mid-range bikes

New partnership will enable Triumph to expand global reach by entering higher market volume segments

Bajaj Auto is betting on high-end Husqvarna to woo upscale buyers

Firm willing to go far to capture new sales at a time when its traditional market is stagnating

Bajaj Auto close to forming an alliance on motorbikes, says CFO Kevin D'sa

When asked about product segment that the alliance would be in, D'sa said it would be in motorcycles

Will Bajaj Auto's weak Street show be a one-off?

Bajaj Auto's June quarter results were below estimates, especially on the operating profit margin level, as lower volume growth and higher costs dented overall performance. Even so, the stock closed lower by only 0.2 per cent on Thursday, indicating the Street is taking cues from the one-off events of the past three-four months. Hope of better performance in the coming quarters and a good export showing also helped.Weak home volumesLed by a 23 per cent fall in domestic volumes due to the disruption caused by transition to BS-IV emission norms, as well as the new goods and services tax (GST), overall sales volumes fell nearly 11 per cent over a year. This dented revenue, which fell five per cent year-on-year but came higher than expected, largely due to export performance and realisations. Realisations (up six per cent) improved due to a superior product mix and price increases on account of BS-IV motorcycles, and helped stem the fall in revenue to an extent. Higher raw material cost ..

Bajaj Auto hits slow lane in June quarter as GST, BS-IV take their toll

Bajaj claims to have lost Rs 1,400 per vehicle to GST transition

Bajaj may be in for a rough ride

New Delhi, 3 JulyThe country's leading motorcycle maker, Bajaj Auto, is staring at a year-on-year decline of at least 10 per cent in revenue and profitability in the first quarter of FY18, that is April-June. The primary trigger for this weak performance is a 11 per cent drop in motorcycle sales volume for April-June quarter. The commercial vehicles business, primarily three-wheelers, saw an eight per cent drop in volume for the period. In addition to a sales volume decline, April-June quarter margin will also see impact from increased raw material prices. Benign commodity prices and increase in revenue had helped most vehicle companies report strong growth in profits for FY17. Bajaj Auto posted a consolidated profit of 4,079 crore for FY17. The Pune-headquartered company had a profit of ~978 crore for April-June of FY17 on sales of ~5,984 crore. Its profit had surged 13 per cent for the quarter from a year ago. A recent analyst report from Nirmal Bang said Bajaj Auto expects impact ..

Margin headwinds for Bajaj Auto

But Maharashtra govt removing cap on auto-rickshaw permit offers some relief

GST effect: Bajaj Auto reduces bike prices by up to Rs 4,500

Post-GST benefits will vary for each state and differ across motorcycle models.

Bajaj Auto in recovery mode in FY18 after note ban; BS-III ban hit sales

The company plans to enter at least five new markets the current financial year

Weak volumes, higher costs dent Bajaj Auto's Q4 show

Barring the margin blip, Bajaj Auto reported fourth quarter number broadly in line with Street expectations. Despite the weak volumes which fell nearly 10 per cent in the quarter due to fall out of demonetisation and shift to BSIV standard, revenues driven by higher realisations came in at Rs 5,212 crore, down by 3 per cent over the year ago quarter. Revenues came in better than Bloomberg consensus estimates of Rs 4,830 crore. The reported operating profit margins for the company came in at 21.2 per cent, pegged back by higher raw material costs as well expenditure associated with transition from BSIII to BSIV emission standards. Margins were down 210 basis points as compared to the year ago period. Higher raw material costs as well as stiff competition across its categories will limit scope for further margin gains going ahead. The weak operating performance and higher costs led to the disappointment on the net profit front. The bottomline at Rs 801 crore was down 15.6 per cent year .

Bajaj Auto sales down 11 per cent in March, total export up by 1.3 per cent

Domestic sales stood at 1,69,279 units, down 17.13%

Bajaj bats for BS-IV but has 80k BS-III units

Company made about 5,000 BS-III Pulsars in February

Bajaj cheers at Feb sales

Pune headquartered Bajaj Auto is celebrating. The country's most profitable two wheeler maker claims to have surpassed volumes sold by market leader Royal Enfield in the 350-500cc motorcycle segment in February with Dominar, a 400cc motorcycle it launched in December. Royal Enfield, however, says Bajaj is celebrating too early. Bajaj has sold about 3,000 units of Dominar a month this calendar year and is drawing a comparison with the February volume of Royal Enfield in the 350-500 cc segment when the bullet maker did wholesale volume of 2,602 units. Eric Vas, the president for motorcycle business at Bajaj said, "We have already overtaken Royal Enfield in the 350-500cc segment. They used to sell average of 5,000 units a month until few months ago". Vas claims that two out of every ten Dominar was sold to customers who owned a Royal Enfield. "Some have sold it to buy Dominar and some have bought it as their second bike". He added that there has been a decline in the waiting period of ..

BS-IV norms: Rajiv Bajaj says call for deadline extension illogical

Bajaj Auto blasted the automobile industry's call for deferring the new emission norms