Vehicle dealers are betting on a revival in semiconductor supplies going forward, as June retail car sales captures the growing demand revival
The new plant will employ more than 5,000 people.
Positive outlook for domestic and export segments, reasonable valuation, strong product pipeline and a bounce-back in demand for premium bikes make Bajaj Auto an attractive bet for the long haul.
Deutsche Bank expects a soft month for the 2-wheeler segment due to GST related de-stocking whereas it sees a robust scooters volumes growth for June-2017 but with motorcycle weakness driven by Bajaj Auto.
Within sectors, banks should dominate earnings growth, we stay with the well capitalised ones, says Sanjay Mookim of BofAML.
"Headwinds continue in export markets viz. Nigeria & Egypt. Decline in exports is attributable primarily to external factors - availability of foreign currency and depreciation in local currency," Bajaj Auto said in its filing.
Domestic business has registered a 9.4 percent growth at 2.04 lakh units while exports fell 10 percent to 1.43 lakh units in May.
Profit growth in Q2FY15 was led by low base. In Q2FY15, profit was hit by one time penalty of Rs 340.2 crore from Uttarkhand government on account of National calamity contingent duty case.
The company's August exports are at record high as the company sold over 180,000 units overseas.
Hero Motocorp has raised 2-wheeler prices post budget. The price hike varies between Rs 600-2,000 across models, reports CNBC-TV18.
R K Global has come come out with its report on monthly auto sales - December 2011. According to the research firm on the demand side, 2-wheeler demand remain structured, while some upside movement in LCV and M&HCV can be seen, while, in near term on domestic economy is expected to remain sluggish amid the challenges.
CNBC-TV18 learns that Mahindra & Mahindra’s (M&M) latest offering in the two wheeler space—a 110 cc motorcycle Stallio has met with issues related to the gear and clutch. While the company is trying to resolve the problems by replacing parts, the dealers are stuck with huge inventory stock, reports CNBC-TV18's Swati Khandelwal Jain.
Two-wheeler major Hero Honda is gearing up for a new business plan for the company. The company has hired a global agency for a new branding and has lined up approximately Rs 1000 crore investments in FY12, reports Swati Khandelwal Jain quoting sources.
2-wheeler, personal care sectors will be receiving astrological support, says Satish Gupta of astrostocktips.