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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Bajaj Auto, TVS say switching to EV by 2025 may derail auto manufacturing
Posted on 10th June 2019 |
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Leading two-wheeler makers Bajaj Auto and TVS Motor Company said Monday that any plan to ban internal combustion engine three-wheelers and two-wheelers to adopt electric ones by 2025 would be "unrealistic" and "ill-timed" and derail auto manufacturing in the country. The comments come in response to some media reports that the government was considering a proposal to ban sale of internal combustion engine (ICE) three-wheelers by 2023 and less than 150 cc two-wheelers by 2025. |
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Bajaj Auto-KTM to launch electric two-wheelers
Posted on 3rd June 2019 |
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Bajaj Auto has joined hands with Austrian sports bike maker KTM Industries to manufacture electric two-wheelers vehicles in the power range of 3 to 10 kW (48 volt). Under this partnership, Bajaj Auto and KTM will support different product variants - scooters, mopeds, small mopeds - under brands of both partners. The production of Bajaj Auto and KTM electric two-wheelers will start at Bajaj's Pune plant by 2022. |
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Bajaj Auto: Q4 was in keeping with expectation
Posted on 25th May 2019 |
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Bajaj auto’s Q4FY19 Ebitda at Rs 11.6 bn was in line with estimates (Nomura: `11.6 bn, Consensus: Rs 11.8 bn). While revenues were 2% higher than our estimate, Ebitda margin at 15.7% was a bit below our estimate of 16%. Management refrained from giving any volume guidance for FY20 given tough market conditions in India. It said 3W demand is likely to remain tepid in the near term due to a slowdown in India and Egypt. 2W exports are doing well in Africa but stagnant in LatAm and declining in the Middle East. |
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Bajaj Auto profit drops 9.2 per cent in Q4
Posted on 18th May 2019 |
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Bajaj Auto on Friday reported a 9.2% year-on-year (y-o-y) drop in adjusted consolidated net profit to Rs 1,066.49 crore for the three months to March. In a subdued demand environment, revenues rose 9% y-o-y to Rs 7,395.19 crore, driven by a volume growth of 14% y-o-y. While domestic motorcycle sales grew 23% y-o-y, exports rose 13% y-o-y, led by a 34% increase in commercial vehicle despatches. |
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