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Bajaj Auto gains on bagging order from Sri Lankan government
Posted on 22nd December 2014
Bajaj Auto is trading higher by 2% at Rs 2,517 in early morning trades on BSE on after company has bagged an order for 1.25 lakh units of Discover-125M motorcycles from Sri Lankan government.

The company through its distributor David Pieris Motor Company in Sri Lanka had secured, after a detailed evaluation process by the Government of Sri Lanka, an order from them for supply of around 50,000 units of Discover-125M motorcycles, Bajaj Auto said in a statement.


Sensex closes 245 points higher as IT stocks rally
Posted on 20th December 2014
Mumbai: Both the benchmark S&P BSE Sensex and CNX Nifty continued to rally for the second consecutive session on Friday led by gains in IT stocks after global rival Accenture Plc raised its revenue forecast, while Reliance Industries Ltd (RIL) rose on bets it will roll out its telecom services in the next few months.

The 30-share Sensex closed 0.9%, or 245.27 points, higher at 27,371.84, while the National Stock Exchange’s broader barometer 50-share Nifty rose 0.81%, or 65.90 points, to end at 8,225.20 points.


Bajaj Auto secures order from Sri Lankan govt for 1.25 lakh bikes
Posted on 20th December 2014
Bajaj Auto Ltd, India’s largest exporter of motorcycles and three-wheelers, has secured an order for 125,000 units of its Discover 125M motorcycle from the Sri Lankan government through its distributor, David Pieris Motor Co. Ltd, the company said in a filing to BSE on Friday.

This is a repeat order by the Sri Lankan government. Bajaj Auto had earlier secured an order for 50,000 units of the model. Of this, it has already supplied 48,000 units. The company expects to execute the fresh order over the next three to four months.


Bajaj's gamble with Discover 150 pays off
Posted on 11th December 2014
Despite hiccups, Bajaj Auto's yet another gamble with the Discover brand has paid off. Launched nearly four months ago, the stylish Discover 150 has become a runaway success for the Pune-based company, with customers lining up for an upgrade.

Being the fourth model under the Discover banner, the bike is the cheapest motorcycle in its class, and faces competition from five companies that share more than a dozen models between them.


Bajaj to increase bike prices in Jan due to swelled cost
Posted on 6th December 2014
Pune-based Bajaj Auto plans to increase prices of its Discover and Platina motorcycle models in January to offset the cost rise of the last few months.

The company will toe the line of peers Hero MotoCorp and Honda Motorcycle and Scooter India, which increased their prices by Rs 250-550. Bajaj Auto had increased the prices of its Pulsar range by Rs 1,000 a few weeks ago but had left its economy range untouched.


Bajaj Auto motorcycle sales down 6% in November
Posted on 2nd December 2014
Bajaj Auto today reported 6% decline in motorcycle sales at 2,61,94 units in November 2014.

The company had sold 2,78,703 units in the corresponding month of previous year, Bajaj Auto Ltd (BAL) said in a statement.

BAL said exports were up 23.93% during the month at 1,65,733 units as compared to 1,33,731 units in November 2013.


Nifty hovers around 8,460; ITC, HDFC down over 1%
Posted on 27th November 2014
Markets continued to trade flat with stock specific action seen ahead of the expiry of November derivative contracts today.

At 1:15PM, the 30-share Sensex was down 41 points at 28,345 and the 50-share Nifty was down 10 points at 8,466.


Bajaj trains guns on Hero, Honda to reclaim lost share
Posted on 11th November 2014
Bajaj Auto, the country’s third largest two-wheeler manufacturer, will launch a series of products over the next 12 months with the aim of not only regaining market share in the very competitive motorcycle segment but to push it higher.

In addition to launching new motorcycles under its premier Pulsar and Discover brands, the Pune-based company will revive its neglected entry-level brand, Platina.


BSE Sensex hits record high for 4th session, breaches 28,000-mark for first time
Posted on 5th November 2014
The benchmark BSE Sensex breached 28,000-mark for the first time and the NSE Nifty hit a new peak of 8,363.65 in early trade today on sustained fund inflows amidst optimism over encouraging corporate earnings.

The 30-share index flared up by 141.57 points, or 0.50 per cent, to hit a new peak of 28,001.95, surpassing previous intra-day record of 27,969.82 reached on Monday. The gauge had shed 5.45 points in the previous session. Markets remained closed yesterday on account of “Muharram”.


Bajaj Auto sales down 3% in October
Posted on 3rd November 2014
Bajaj Auto today reported 3.27 per cent decline in motorcycle sales at 3,36,923 units in October 2014.

The company had sold 3,48,323 units in the corresponding month of previous year, Bajaj Auto Ltd (BAL) said in a statement.


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