Bajaj Auto today reported a 2% increase in motorcycle sales at 3,07,344 units for May as compared with 3,01,862 units in the year-ago month.

The company's total vehicle sales last month stood at 3,47,655 units, up 1%, as against 3,45,438 units in the same month a year earlier, the two-wheeler major said in a BSE filing.

Bajaj Auto has moved higher by 5% to Rs 2,505 on the BSE after the company reported 29% year on year (YoY) jump with net profit at Rs 803 crore for the quarter ended March 2016 (Q4FY16), on the back of strong operational performance. The two-wheeler maker posted a profit of Rs 622 crore in the same quarter year ago.

The company’s turnover grew 13% at Rs 5,536 crore on YoY basis.

Pune-based two and three-wheeler maker Bajaj Auto has regained the number 3 spot, displacing Chennai-based TVS Motors after a gap of nearly 24 months.

Powered by new model launches in recent months — such as Avenger and V15 (promoted by INS Vikrant) — Bajaj's all-motorcycle line-up beat TVS Motors in April sales, which has motorcycles, scooters and mopeds in its line-up.

Bajaj Auto today reported a 2% increase in motorcycle sales at 2,91,898 units in April compared with 2,85,791 units last year.

However, Bajaj Auto's exports declined 36% during the month to 1,03,976 units from 1,61,598 units in the corresponding period a year ago, the two-wheeler major said in a statement.

Bajaj Auto on Tuesday said that it aims to sell three lakh three-wheelers in the current fiscal, a growth of over 17% over the last fiscal.

The Pune-based firm sold 2,54,967 three-wheelers during the 2015-16 fiscal.

After a successful foray into the India market, Bajaj Auto and KTM AG are set to extend their network into Indonesia. The partnership plans to sell Duke and RC motorcycles in one of the biggest motorcycle markets in South East Asia.

Bajaj reached an agreement with KTM AG of Austria to extend its distribution network in Indonesia and expand business in this growing by price sensitive market in South East Asia. The arrangement will involve KTM branded Duke and RC motorcycles up to a displacement of 400 cc, which are developed and assembled by the Austrian-Indian JV.

Bajaj Auto on Thursday said it expects to export 10,000 units of its quadricycle Qute in the ongoing fiscal even as the mini four-wheeler awaits clearance for sale in India.

The company had introduced Qute in October and exported a total of 334 units to 19 markets including Turkey, Russia, Indonesia and Peru in 2015-16, Bajaj Auto President Business Development and Assurance S Ravikumar said in a statement.

Royal Enfield's dominance in the middle-weight motorcycle category might soon have competition from Bajaj Auto.

According to Bajaj Auto, the third largest two-wheeler manufacturer in the country, the 350-600cc motorcycle market Royal Enfield operates in has enough room for more players to come in. When asked if Bajaj Auto would get into this space, Rajiv Bajaj, managing director, Bajaj Auto, said, "Definitely. Every mature segment becomes a two-horse race eventually in any given market.

Bajaj Auto is trading 1% higher at Rs 2,250 (adjusted to dividend) on the BSE as the stock turned ex-dividend today, for an interim dividend of Rs 50 per share.

The board of directors of the two-and-three wheeler manufacturer at its meeting held on March 09, 2016, had declared an interim dividend at the rate of Rs 50 per equity share of Rs 10 each (i.e. 500 %), for the financial year ending March 31, 2016 (FY16).

Bajaj Auto is likely to sell around 50,000 units of the 150cc 'V' bikes in the country in the span of 12-18 months in order to extend the brand in various parts of the country.

Bajaj Auto is likely to sell around 50,000 units of the 150cc 'V' bikes in the country in the span of 12-18 months in order to extend the brand in various parts of the country.

Inviting Real Estate Agents, Job Placements Agents, Educational Institutes, Software Service Providers, Real Estate Builders, Marriage Bureaus, Travel Agents, Restaurant Owners, Health & Fitness Centers and other Local Businesses to Post a FREE Classified Advertisement on Cootera.com Classifieds Website.