Bajaj Auto reported better than expected third quarter numbers. Its net profit rose 19.20% to Rs 795.19 crore, for the same period last year. Total income rose by 20.52% to Rs 5,153.97 crore, for the same period last year.
During the quarter Bajaj received a show cause notice of Rs 77.93 crore from the Central Excise and Service Tax for payment of National Calamity Contingent Duty (NCCD) on sale of vehicles from its Pantanagar plant. The company disputing the applicability of NCCD filed a writ petition. As the High Court
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