As many as 60 new bike models are lined up for launch in the next calendar year by new and existing players alike as they seek to consolidate their position in the fast growing domestic motorcycle market.
According to industry watchers, players such as Hero Honda , Bajaj Auto and Suzuki Motorcycles have firmed up plans to roll out between 8-12 new bikes each, while Kinetic , TVS , Honda Motorcycle & Scooter India, and Yamaha plan to launch between 3-5 each in 2007.
"Despite being extremely competitive, the bike market will continue to see double-digit growth momentum as there are no absolutely no signs of an impeding slowdown. This could be a reason why such launches have been lined for 2007," Mr Pradeep Saxena, Senior Vice-President, TNS Automotive, said.
Contd on page 2......
Bajaj Holdings stock price
On November 27, 2015, at 10:07 hrs Bajaj Holdings & Investment was quoting at Rs 1725.00, up Rs 37.95, or 2.25 percent. The 52-week high of the share was Rs 1730.00 and the 52-week low was Rs 1242.85.
The company's trailing 12-month (TTM) EPS was at Rs 66.85 per share as per the quarter ended September 2015. The stock's price-to-earnings (P/E) ratio was 25.8. The latest book value of the company is Rs 535.78 per share. At current value, the price-to-book value of the company is 3.22.
READ MORE ON Hero Honda, Bajaj Auto, Suzuki Motorcycles , Kinetic, TVS, Pradeep Saxena, Guangzhou Motor Company , Xenitis Group , Maninder Khurana, Synovate Motoresearch, Ultra Motors, Electrotherm
Set email alert for
ADS BY GOOGLE
video of the day
Like Bank Nifty; mkt has strong support at 7700: PhillipCap