TVS Motor, Bajaj Auto settle decade-old dispute over patent for spark plugs
Posted on 31st October 2019 |
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TVS Motor Company and Bajaj Auto have settled a decade-old dispute related to patent rights for spark plugs. The companies said they entered into a settlement agreement on Thursday to amicably settle the decade-old dispute related to alleged infringement of Bajaj's patent for digital twin spark plug ignition technology. |
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Bajaj Pulsar 125 finds 40K buyers
Posted on 26th October 2019 |
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PUNE: At a time when motorcycles sales have plummeted over 15 per cent in the first half of this fiscal in the prolonged slowing economy and a challenging business environment, Bajaj Auto’s Pulsar 125 Neon in the Pulsar series has emerged a winner. The Pune-headquartered auto maker sold over 40,000 units of Pulsar 125 bike within two months of its launch in August, the company said in a statement. |
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Bajaj Auto net profit surges to ₹1,402 crore, shares rise
Posted on 23rd October 2019 |
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Bajaj Auto today reported better-than-expected earnings for the quarter ended September 30, pushing its shares 2% higher in afternoon trade. Bajaj Auto shares were up 2% at ₹3,186 as compared to a 0.44% rise in Sensex. The automaker's profit rose 22% to ₹1,402 crore, aided by a tax expense reversal of ₹182 crore due to the recent lowering of corporate tax rate. |
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TVS Motor gets nod for patent on its hybrid 3-wheeler
Posted on 21st September 2019 |
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Chennai-based TVS Motor Company has been granted a patent for a hybrid three-wheeler that is low-cost and will help reduce fuel consumption, besides improving driving performance. The hybrid three-wheeler comprises an electric motor coupled with an internal combustion engine, which occupies less space and is easy to assemble as well as service. TVS Motor in 2017 had secured a similar patent for hybrid two-wheeler. |
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Bajaj Auto, TVS Motor offer zero-interest loans to woo customers
Posted on 6th August 2019 |
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With sales subdued and inventory with dealers piling up, two-wheeler makers like Bajaj Auto and TVS Motor have started facilitating zero-interest loans in select states to woo buyers. Meanwhile, Hero MotoCorp has dropped the interest on loans to 7% from the prevailing 10-12%. Manufacturers are offering these soft loans via their finance arms — TVS Credit, Hero FinCorp and Bajaj Auto Finance. The offer is currently available in some markets. |
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Bajaj Auto Q1 PAT up a tad at Rs 1,126 crore
Posted on 27th July 2019 |
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Bajaj Auto on Friday reported a 1% Y-o-Y increase in its profit after tax (PAT) to Rs 1,126 crore for the quarter ended June 30. There was a 27% Y-o-Y rise in other income to Rs 441.25 crore that aided the growth in PAT. Bajaj Auto’s profit before tax fell 2% to Rs 1,579 crore. Total turnover grew 5% to Rs 8,197 crore while revenue from operations was up 4% to Rs 7,756 crore. The Ebitda got reduced by 9% to Rs 1,250 crore while the Ebitda margin contracted by 250 basis points Y-o-Y to 16.1%. |
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Bajaj Auto, TVS Motor reduce prices to combat subdued sales
Posted on 24th July 2019 |
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In an effort to combat subdued sales, Bajaj Auto and TVS Motor Co are taking measures like trimming prices by anywhere between Rs 500 and Rs 2,000 on some products. For their part, some dealers are also sacrificing a part of their margins. Prices of two-wheelers have risen over the past year on several counts, including higher insurance costs and because vehicles needed to fitted with anti-lock braking systems from April 1, 2019. |
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BS-VI transition may lead to dumping of old stock: Bajaj Auto
Posted on 1st July 2019 |
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New Delhi: Terming the transition to Bharat Stage VI (BS-VI) emission norms from April next year as "joker in the pack", Bajaj Auto Ltd has cautioned that there could be dumping of old BS-IV stock in the domestic market, triggering an "unwarranted price war" in the second half of the ongoing fiscal. |
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BS-VI transition may lead to dumping of old stock: Bajaj Auto
Posted on 29th June 2019 |
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New Delhi: Terming the transition to Bharat Stage VI (BS-VI) emission norms from April next year as "joker in the pack", Bajaj Auto Ltd has cautioned that there could be dumping of old BS-IV stock in the domestic market, triggering an "unwarranted price war" in the second half of the ongoing fiscal. |
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