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Bajaj Auto Q4 net profit jumps 35% to Rs 10.79 billion on robust sales
Posted on 19th May 2018
Robust sales of motorcycles and three-wheelers in the domestic as well as export markets drove up Bajaj Auto’s net profit by 34.67 per cent in the March quarter over the year-ago period, the company said in a filing with the stock exchanges. The earnings are not comparable to the previous year’s because these are disclosed net of the goods and services tax (GST), introduced in July last year, it said.

Bajaj Auto Q4 net up 36% at Rs 11.75 bn, revenue rises to Rs 67 bn
Posted on 18th May 2018
Two-wheeler major Bajaj Auto on Friday said its consolidated net profit increased 36.32 per cent to Rs 11.75 billion for March quarter, driven by robust sales across segments.

The company had reported a net profit of Rs 8.62 billion during January-March, 2016-17.

Bajaj Auto sold 577 vehicles every hour in April 2018, reports 26% growth
Posted on 2nd May 2018
Bajaj Auto has announced its sales numbers for the month of April 2018 and during the period, the Pune-based manufacturer registered a growth of 26%. The company achieved this figure with a total sales of 4,15,168 vehicles last month. During the same period last year, Bajaj Auto sold 3,29,800 vehicles. Speaking of motorcycle sales, the company sold 3,49,617 units last month, reporting a growth of 19%.

Is Bajaj Auto losing the game in motorcycles on home turf?
Posted on 4th April 2018
Bajaj Auto Ltd may boast about being the world’s third-largest motorcycle manufacturer, but the fact remains that it has lost out to competition on domestic roads.

March sales numbers finally nailed it for fiscal year 2018 (FY18). The 5% growth year-on-year during the month closed FY18 with a 1% sales contraction in motorcycles on domestic roads. Fortunately robust exports gave a leg-up to total sales for the year, which were 5% higher year-on-year.

Maharashtra, Delhi drive Bajaj Auto’s three-wheeler sales growth
Posted on 6th February 2018
Bajaj Auto’s three-wheelers are on a fast track. The end of the permit raj for autorickshaws in Maharashtra has pushed the company’s three-wheeler sales to record highs in FY18 and this good run is expected to continue in FY19 too. Bajaj Auto has emerged as a major beneficiary of the end of the permit system in Maharashtra and issue of new permits in Delhi. There has been a recovery in three-wheeler exports as well, and the company is set to exceed its annual sales targets this year.

Labour dispute at Bajaj Auto ends
Posted on 3rd February 2018
Dilip Pawar, president of the Bajaj Auto labour union, Vishwa Kalyan Kamgaar Sanghatana (VKKS), on Friday withdrew his indefinite hunger strike after the company agreed to extend the wage hike given to the workers at Chakan to the staff of Akurdi plant.

Pawar’s hunger strike had entered the fifth day on Friday.

Bajaj Auto hits new high on strong January sales
Posted on 2nd February 2018
Bajaj Auto hit a new high of Rs 3,473, up 2% on BSE in early morning trade, after the company reported healthy sales growth for January, with total sales jumping 46% at 353,147 units over the previous year. It had sold total 241,917 units in the same month last year.

The company’s overall motorcycles sales jump 36% year on year (YoY) at 288,936 units.

Bajaj Auto union seeks Rahul Bajaj’s intervention to resolve dispute
Posted on 31st January 2018
Bajaj Auto labour union president Dilip Pawar’s indefinite hunger strike entered the second day on Tuesday. Workers affiliated to the Vishwa Kalyan Kamgar Sanghatana also boycotted breakfast and lunch at the company canteen on Monday and Tuesday. Pawar wrote to Bajaj Auto chairman Rahul Bajaj seeking his intervention to resolve pending issues of wage revision settlement, termination of eight workers in 2013 and transfer of six workers in 2016.

Bajaj Auto eyes big jump in sales with new & refurbished models
Posted on 11th January 2018
Bajaj Auto, which had overlooked its line-up in the executive segment of motorcycles (or bikes between the price range of Rs 50,000-60,000), on Wednesday re-launched Discover 110cc and a refurbished Discover 125cc. The company claimed while it now sells about 8,000 units in the executive segment per month, the aim is to ramp this up 10-fold to 70,000 units within a year. Eric Vas, president (motorcycles), Bajaj Auto, said, “In a year’s time, we want to sell around 70,000 units in the executive segment every month.

In a war of words between Bajaj Auto and Royal Enfield, Maruti Suzuki walks away in smiles! Here’s what happened
Posted on 5th December 2017
Ad wars in the automotive space are quite common in Europe and US but not so much in India. That, however, doesn't mean that things are completely boring here. Siddhartha Lal, CEO, Eicher Motors, recently tweeted that Royal Enfield's sales are equivalent to the global sales of Harley-Davidson, KTM, BMW, Triumph and Ducati combined. Yes, he actually said that! Rajiv Bajaj, Managing Director, Bajaj Auto, responded to the tweet through a statement to Business Standard, saying "By measuring solely on the basis of volumes at the exclusion of pricing power, it would seem that Maruti Suzuki is above and beyond brands like Mercedes, BMW, Audi and Porsche put together."

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