According to the company, Bajaj's use of 'Freedom' infringes on its trademark rights, which is diluting its established reputation and the goodwill cultivated over decades
Ather Energy, with the launch of Rizta electric scooter, has increased its market share to 14.2 per cent
While domestic 2W will grow by 7-8 per cent (13 per cent up in motorcycle volumes in FY25 till August), there's weakness in the 100cc segment with low single-digit growth
Sharma talks about Bajaj's mega electric vehicle play
With rural recovery expected widely, the festive season is expected to further boost the performance of tw-wheeler players this year.
PI Industries is in a strong uptrend and holding the gains at higher zones.
If the transaction goes ahead, this will be the second largest investment by Hero in an electric vehicle (EV) maker
Automaker Tata Motors saw an 8.1 per cent drop in total sales for August 2024, totaling 71,693 vehicles compared to 78,010 units in August 2023.
The Pune-based giant, which was trailing far behind TVS just two months ago in e-two-wheelers (e2Ws), has upped the ante
Unicorn's sales swelled 117.6 per cent Y-o-Y to 163,090 units in the January-July period this year, making it the ninth best-selling motorcycle model in the country
No plans to retire soon, says Bajaj Auto Managing Director Rajiv Bajaj
Two-wheeler stocks ride the wave of EV adoption, launches, and premiumisation
Thus far in the calendar year 2024, Bajaj Auto has outperformed the market by surging 50 per cent, as against 12 per cent rise in the BSE Sensex.
Most companies still have DVA certificates pending or under review by MHI
Bajaj Auto Ltd on Monday said it will need to increase its provision for deferred tax by Rs 211 crore due to the withdrawal of indexation benefit and change in the tax rate on long-term capital gains on debt mutual fund. The company invests its surplus funds into a range of asset classes, including debt mutual funds. It was making accounting provisions for deferred tax as per applicable law on fair value gains on these investments, Bajaj Auto said in a regulatory filing. A one-time impact will be made while computing the profit after tax, and reporting the financial results for Q2 of FY25, it added. Bajaj Auto said the Finance (No 2) Act 2024 withdraws the indexation benefit on long-term capital gains on debt mutual funds purchased before 1 April 2023. "Further, the tax rate with respect to long-term capital gains for the said asset class has been changed from 20 per cent plus surcharge and cess (with indexation) to 12.5 per cent plus surcharge and cess (without indexation)," it ..
The Bullet 350 model saw 14 per cent volume drop in Q1FY25, reflecting limited acceptance of the new model. Similarly, the Hunter 350, launched in FY23, saw an 8 per cent volume decline.
Analysts believe, Indian textiles companies are likely to benefit from the Bangladesh turmoil, while that of FMCG and auto may take a hit. Here's a technical outlook on key stocks from these sectors.
Nifty 20K-25K top movers: Bajaj Auto has zoomed 100% since Nifty hit 20K on September 11, 2023. BPCL, Coal India, Mahindra & Mahindra, ONGC, Tata Motors and Hero MotoCorp other major Nifty 50 gainers.
The volume push was led by Bajaj, which saw its vehicle registrations go up by a staggering 79 per cent to hit 16,269 in July over the previous month
It plans to pedal overseas with a Bajaj product and accelerate into India's e-commerce space with a high-speed two-wheeler