The third-largest maker of two-wheelers reported a fall of 22 per cent during the quarter ended June 30 with a demand slide in Nigeria and Egypt
Total export revenue for the quarter fell to Rs 2,057 crore down 22%
Country's 3rd largest two-wheeler manufacturer, was helped by higher domestic volumes and lower taxes
Flat volume growth and persisting pain from exports remain major overhangs
Company says no plans to enter scooter market; focus on ASEAN markets
Exports in June this year were at 1,23,252 units against 1,56,074 a year earlier, down 21%
In order to turn up the heat on its competitors, the Pune-based firm has also reduced the price of its Pulsar 134LS model by around Rs 4,000
The company's total vehicle sales last month stood at 3,47,655 units, up 1%
Company looking to strengthen presence in mid-executive segment dominated by market leader Hero MotoCorp
12% growth in motorbike sales, benign raw material prices drive performance; full-year profit up 30% to a record Rs 3,652 cr
Profit up 29%, aided by launches, better product mix, strong volume growth; road ahead looks good
Net profit for the full fiscal 2016 was Rs 3,783.98 crore, up 25% from FY15; company announces final dividend of Rs 5 a share at 50% face value
The stock up 5% to Rs 2,505 after the company reported 29% YoY jump in net profit at Rs 803 crore in Q4FY16.
Powered by new model launches in recent months, Bajaj's all-motorcycle line-up beat TVS Motors in April sales
However, Bajaj Auto's exports declined 36% during the month
They were expressing safety concerns over the crash test result of the Qute
The Pune-based firm sold 2,54,967 three-wheelers during the 2015-16 fiscal
Volkswagen's statement comes a day after Global NCAP had hit out at Bajaj Auto for making 'misleading' claims
The motorcycles will be distributed through a chain of KTM dealerships to be managed by Bajaj Auto
I'm not sure if an Avenger can impart the same charm as, say, a Royal Enfield: Ravi Bajaj