In an interview to CNBC-TV18, S Ravikumar, President-Business Development at Bajaj Auto and Ajay Sahai, Director General & CEO of the Federation of Indian Export Organizations (FIEO) spoke at length about exports.
Bajaj Auto has re-launched the Discover in the economy bike segment, with a 110 cc engine; they also launched an upgraded Discover 125. In an interview to CNBC-TV18, Eric Vas, President-Motorcycle Business at Bajaj Auto spoke at length about the launch and gave his outlook for the future.
ajaj Auto gains after posting strong auto sales for December. Three-wheeler sales have hit a record this time around. In an interview with CNBC-TV18, S Ravikumar, President - Business Development of Bajaj Auto spoke about the latest happenings in his company and sector.
3-wheeler sales growth was solid in November, growing 94 percent to 62,488 units, the highest ever monthly sales, against 32,191 units in November 2016.
Bajaj Auto's October sales were exactly in line with street estimates with domestic commercial vehicle sales being the highest ever for the company. In an interview to CNBC-TV18, Kevin Dsa, President-Finance, Bajaj Auto spoke about the latest happenings in his company and sector.
Sri Lanka’s budget is due next week and usually before that these kinds of reports come, said S Ravikumar, President of Business Development and Assurance, Bajaj Auto.
Bajaj Auto has partnered with Triumph to make mid-capacity motorcycles.
Bajaj Auto sales for July have come in below expectations. In an interview to CNBC-TV18, S Ravikumar, President, Business Development, Bajaj Auto spoke about the latest happenings in his company and sector.
Every single customer is satisfied with Dominar and the company expects to sell 10,000 units per month (domestic and export) by March 2018, said S Ravikumar, President - Business Development, Bajaj Auto.
In an interview to CNBC-TV18, S Ravikumar, President-Business Development at Bajaj Auto spoke about the latest happenings in the company.
In an interview with CNBC-TV18, S Ravikumar, President-Business Development at Bajaj Auto spoke about the numbers and the latest happenings in the company.
Hopefully, in April things should normalise except that there will be a slight dip in demand thanks to all the preponement of sales in last month, said Rajiv Bajaj, MD, Bajaj Auto.
As a company, we have taken a stand that in the long-term we go with global safety standards and global emission standards, said Vikram Kirloskar, Vice Chairman, Toyota Kirloskar Motor.
The demonetisation impact has not fully subsided and two-wheeler companies might continue to feel the pain for few more months, according to S Ravikumar, President - Business Development at Bajaj Auto.
As part of a new emissions regime, automakers are expected to roll out compliant vehicles from April 1. But the deadline has the industry divided.
If the norms are delayed then companies who have been complacent would get the cost/price advantage, said Rajiv Bajaj, MD, Bajaj Auto.
Speaking to CNBC-TV18, Rajiv Bajaj, Managing Director of Bajaj Auto, said that while the industry had been badly hit by note ban, his company had been ready with BS-IV products since January.
Speaking to CNBC-TV18, S Ravikumar, President - Business Development at Bajaj Auto said that the impact of demonetisation is likely to play out in the fourth quarter of FY17 as well.
Speaking on specific companies, Ashwin Patil of LKP Securities believe that Maruti Suzuki will see momentum retune in future with line-up of new models. Maruti saw a 1 percent decline in sales in December.
Bajaj Auto reported a 22 percent decline in sales to 2.25 lakh units in December due to demonetisation impact. No respite is visible yet from the cash crunch, said S Ravikumar, President â€“ Business Development at Bajaj Auto.
Rajiv Bajaj, Managing Director at Bajaj Auto does not believe its new 400cc bike Dominar is priced aggressively. In fact, he thinks the price is 'logical'.
It is tough to ascertain when sales will pick up as the demonetisation pain could continue for few more months says S Ravikumar, President - Business Development at Bajaj Auto.
Eric Vas, President of Motorcycle Business at Bajaj Auto, said that post demonetisation there has been a significant decline in the sales of 2-wheelers. It was 50 percent in rural India and 25 percent in urban areas.
Commenting on the sales performance, S Ravikumar, President â€” business development â€” at Bajaj Auto said the company saw muted sales during Dussehra but picked up in the run up to Diwali. He expects new launches lined up in November and December to boost volumes and the company is targeting 24 lakh in domestic volumes by FY17-end.