The country's largest two-wheeler exporter Bajaj Auto announced a strategic alliance with Japanese Kawasaki in an effort to penetrate deeper into new markets.
Rajeev Jain, CEO, Bajaj Finance explains to CNBC-TV18 that the company will raise funds well in time, maybe in the January- March quarter next year. Jain adds that there has been no fall in demand in the company‘s consumer durables and two-wheeler segments.
Bajaj Auto reported total sales figures of 3.44 lakh units in August. Rajiv Bajaj, MD of the company said they are satisfied to hold sales volumes month-on-month. However, he expects the September quarter to be tough for all two-wheeler companies and he believes the domestic motorcycle market is in decline mode.
Bajaj Auto's total sales in July slipped 5% year-on-year to 3,44,150 units. In an interview to CNBC-TV18, Kevin Dsa, vice president- finance at Bajaj Auto says, the domestic market remains sluggish.
Arun Malhotra, senior vice-president - sales & customer care, automotive division, M&M, says that the company's domestic sales have grown by 20% and there has been 27% growth in passenger vehicles segment. He also say that in the last four months the company has no shut down or slow production and they are working at full capacity.
Rajiv Bajaj, MD, Bajaj Auto explains to CNBC-TV18 post announcement of the company‘s results that the present quarter was the worst for the company and expected to post better results from hereon.
The second largest two-wheeler maker in India, Bajaj Auto reported a dip in total sales for the month of June. Its total sales dropped to 6% year-on-year to 3,45,162 units as demand for motorcycles in India slowed down. A disruption in three-wheeler sales in Eygpt and Sri-Lanka also hit the company‘s exports.
Despite its weak performance in May, Bajaj Auto expects June sales to be higher and sticks by its annual targets.
India's second largest two-wheeler producer Bajaj Auto repoted a profit after tax of Rs 772 crore in Q4FY12, down 44.86% as compared to Rs 1,400 crore in a year ago period. Net sales were up 10.76% to Rs 4,651 crore in the January-March quarter of 2011 from Rs 4,199 crore in the corresponding quarter of last fiscal.
With its total sales up by 4% at 3,81,590 Units (YoY) April, Bajaj Auto is confident of exceeding domestic market growth.The company‘s motorcycle sales were up 6% at 3,42,324 Units (YoY).
Announcing the launch of the new Discover at a price of Rs 42,000, Rajiv Bajaj, MD, Bajaj Auto said the company expects to sell 100,000 Discovers every month in the domestic market.
Motorcycle maker Bajaj Auto said sales last month rose 9% year-on-year to 3,35,515 units, which is highest ever for any month of March.
India's second largest two-wheeler maker Bajaj Auto said sales in February were highest ever, but there are further signs of a slowdown as total growth was just 5% year-on-year at 3,43,777 units.
Bajaj Auto, India's second-largest motorcycle manufacturer, posted a 19% rise in its third-quarter net profit, almost in line with market estimates.
Rajiv Bajaj is not ready to rest on his laurels. The Bajaj Auto MD says the company will clock double digit growth in the current fiscal - and post it’s best ever year.
India's second largest two-wheeler maker Bajaj Auto says it will be difficult to achieve its guidance of 4.5-4.6 million units in 2011-12, due to a slowdown in sales of motorcycles.
Vivek Nayer, senior vice president- marketing, automotive division, M&M spoke to CNBC-TV18 about the growth outlook of the company post the decent December sales number.
Bajaj Auto's December sales numbers were disappointing. In an interview to CNBC-TV18, Kevin D'Sa, vice president-finance of Bajaj Auto says, even 20% volume growth will be tough ahead.
Despite recording the highest ever sales for the month of November, Rajiv Bajaj, managing director of Bajaj Auto tells CNBC-TV18 that he is not qualitatively happy with the numbers they posted.
In an interview to CNBC-TV18, Kevin Dsa, vice president-finance, Bajaj Auto says, civil unrest at Uttarakhand affected production. However, he expects run rate of 4 lakh units to resume from next month. He expects healthy sales number in November.
Bajaj Auto's net profit came in below street's expectations, but it was still a record breaking quarter for the auto major.
The sales of two-wheelers continued strong growth. Bajaj Auto sales rose 18.5% to 4.18 lakh units in September. Rajiv Bajaj, managing director of Bajaj Auto expects to do sales of nearly 4 lakh vehicles per month. However, he told CNBC-TV18 in an interview that the fuel prices will not dampen sales.
Last week, the market saw hike in petrol prices and key rates as well. In an interview to CNBC-TV18, Rajiv Bajaj, managing director of Bajaj Auto said, these factors are very inimical to growth of any durable like automobile. “The fuel price hike is perhaps of greater concern,” he added.
Though Bajaj Auto's sales rose 16% on year-on-year basis to 3.83 lakh units in August, its managing director Rajiv Bajaj isn't happy. How can he be? After all the company is still 4% short of its targeted four-lakh-a-month sales figure.
Rajiv Bajaj, managing director of Bajaj Auto said that July was the best month as the company had posted double digit growth on strong sales in the domestic as well as export markets.