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Unfortunately, two export regions for the company- Nigeria and Bangladesh- are under pressure, and that could cap margin expansion
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The rise in net profit for the first quarter is on the back of a favourable product mix, healthy volumes and an increase in the average selling price of its lineup.
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The company’s electric three-wheelers (E3Ws) will be introduced soon in both the passenger and cargo categories in select locations in the first phase.
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The quadricycle is currently under the ‘business development’ phase, says a senior company official. It will see a commercial roll-out, once it is homologated by the Automotive Research Association of India next year
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The automobile dealers' body also stated that after the state election results are out, petrol & diesel price hikes are expected at the pumps.
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Bajaj Auto posted a decent set of numbers for Q1FY22 despite demand in domestic market getting dented due to second wave of COVID-19. Though near-term outlook looks muted due to fear of another wave, and some restrictions due to the pandemic, medium and long-term outlook for the company look promising. We believe there are factors that are expected to work in favour of the company. Watch the video to know more.
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Hopefully, in April things should normalise except that there will be a slight dip in demand thanks to all the preponement of sales in last month, said Rajiv Bajaj, MD, Bajaj Auto.
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The apex court said that the government should actively consider converting all three wheelers in the National Capital Region to electric.
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Bajaj Auto has laid out a healthy 300,000 target in unit sales for its three-wheeler segment in fiscal 2017, up from 254,000 it sold in FY2016.
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A report by SIAM reveals subdued overall sales growth of 1.5 percent in the automobile sector, which is expected to remain same in near term due to subdued rural demand.
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Bajaj Auto‘s disappointing run continued in March, with the company saying its overall sales fell 18 percent to 2.50 lakh, compared to March 2014. But in an interview, MD Rajiv Bajaj said that a slew of recent and upcoming launches at both the economy and premium segments would help regain market share.
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Sales for the country‘s fourth-largest two-wheeler maker Bajaj Auto fell 3 percent in December 2014 to 2.89 lakh units, compared to the same month in 2013.
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P Vijayaraghavan, director at TVS Srichakra says the company registered a growth of around 20 percent in the second quarter over the year-ago period.
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"In the near term, we expect demand outlook to remain weak, particularly for CVs, primarily due to the uncertain macro-economic environment. In the long run though, expected easing of interest rates, following expected tapering of inflation will revive demand and would be the key driver for volume growth.", says Angel Broking.
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Rajiv Bajaj, managing director, Bajaj Auto said a steep decline in volumes, (-10 percent in motorcycles and -25 percent in three-wheelers), and the company not passing on higher input costs of its upgraded three-wheeler model were the main reasons for the lackluster quarterly performance.
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Bajaj Auto is hopeful of recovering its market share in the two-wheeler segment with new launches lined up. It is also optimistic on better exports going forward.
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Auto-maker Mahindra & Mahindra today reported 17.32 per cent decrease in its total sales at 37,897 units in August, 2013.
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The Pune-based company's domestic sales declined 20 percent year-on-year to 2.55 lakh units. The strike at its Chakan plant caused a loss of 20,000 motorcycles, it said.
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Bajaj Auto's total motorcycle sales fell 5 percent year-on-year in May to 3.05 lakh units. Three-wheeler sales
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Bajaj Auto, the maker of Pulsar and Discover motorcycles, said fourth quarter net profit slipped 1 percent YoY to Rs 766 crore (analysts expected Rs 709 crore), while revenue gained 2 percent to Rs 4,746 crore (analysts expected Rs 4,780 crore).
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ICRA has come out with its report on monthly automobile sector update. In view of current economic slowdown, high financing costs, significant competition from LCV segment & limited visibility for further fresh permit issuances, the outlook for the 3 wheeler segment is expected to remain muted in the near-term, says ICRA.
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Bajaj Auto's total sales in December rose 13 percent year-on-year to 3.44 lakh units, its highest ever dispatches in December. The strong growth pushed its shares up 2 percent to a 52-week high of 2,178.65 on NSE in morning trade on Wednesday.
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India's second largest two wheeler maker Bajaj Auto's second quarter net profit rose 2% year-on-year to Rs 741 crore, helped by higher other income, while its core motorcycle and CV business hit the speed bumps.
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Bajaj Auto's total sales in July slipped 5% year-on-year to 3,44,150 units amid sluggish demand for motorcycles, especially the premium segment, where the Pune-based company is a dominant player with its Pulsar range. Three-wheeler sales also continued to be slow.
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India's second largest two-wheeler maker Bajaj Auto's sales in May declined 2% year-on-year to 3,52,219 units as commercial vehicles tumbled and exports to Sri Lanka continued to be hit.
