Tax expense fell sharply to Rs 206.5 crore from Rs 500.2 crore in the same period YoY
Profit growth for the quarter is likely to be in the range of 3-8 percent compared to year-ago as the government slashed corporate tax rate by 10 percent in September.
Two-wheelers strapped with BS-VI compliant engines are expected to see prices rise by 10-15 percent, translating in a minimum increase of around Rs 4,000
"I will manufacture scooters when Royal Enfield will produce scooters"
Moneycontrol’s Shraddha Sharma talks to Swaraj Baggonkar to find out what Bajaj Auto is offering with the all new e-Chetak.
Net Sales are expected to decrease by 8.2 percent Y-o-Y (down 5.5 percent Q-o-Q) to Rs. 7,332.4 crore, according to Reliance Securities.
E-Chetak will be commercially launched in January, 2020. The price of the vehicle will be announced on a later date.
The new Chetak is based on the old scooter whose shoes (or tyres) it needs to fill.
Bajaj Auto announced on October 16 that it would be making a comeback into the two-wheeler segment with an electric scooter designed along the lines of the original Chetak.
Net Sales are expected to decrease by 6 percent Y-o-Y (down 3.2 percent Q-o-Q) to Rs. 7,506.5 crore, according to ICICI Direct.
Bajaj Auto's domestic sales dropped 31 percent year-on-year to 2.15 lakh units and exports slipped 2 percent to 1.86 lakh units in the month gone by.
Bajaj is also offering five free services and five-year warranty to buyers.
"In terms of the festive season itself — all of which is captured in the month of October — we are at a monthly rate of about 2 lakh or just under 2 lakh motorcycles a month in the domestic market," he said.
There are talks of a goods and services tax (GST) rate cut, but it's unlikely to be announced in the September 20 meeting.
The Nifty might have turned negative for 2019, but almost 60% of index constituents are in a bear grip as registered by the 'Death Cross' formation
If profits of corporates are private, then a cyclical reduction in profitability should not be borne by the public exchequer through lower taxes
Plans are also afoot to launch a range of performance electric two-wheelers by 2022
The poor performance by both models has given rise to speculations that the V brand will go the Discover way
"Most of the automobile slowdown is the industry's own making," he said.
The Pulsar 125 Neon is decked with graphics and Neon accents, to appeal to a younger audience.
Despite the recent selloff in Indian markets, Morgan Stanley maintains its base case scenario of 45,000 on the Sensex by June 2020, and a bull case of 50,000.
Trends on SGX Nifty indicate a negative opening for the broader index in India, a with 0.47 percent loss or 51.5 points. Nifty futures were trading around 10,911-level on the Singaporean Exchange.
536 stocks advanced and 1167 declined while 389 remained unchanged on the NSE. On the BSE, 769 stocks advanced, 1472 declined and 105 remained unchanged.
Motorcycle sales, which contributed 84 percent to total business, slipped to 3.22 lakh units in month gone by, falling 3 percent YoY