Bajaj Auto rides pent-up demand, festive sales to record quarter

Bajaj Auto Ltd, one of India’s oldest two-wheeler makers, today reported its highest ever quarterly revenue, profit and volume numbers as consumers again loosened their purse strings with COVID-19 uncertainty receding into the background. Like most other companies in India, Bajaj Auto had taken a severe beating in the first quarter (Apr-Jun) due to COVID-19, […]

COVID not driving buyers to cheaper models: Bajaj Auto

Bajaj Auto, one of India’s biggest motorcycle manufacturers, said it is yet to see any down-trading or change of behavior among motorcycle buyers in India due to the COVID pandemic, and that demand is already at 80-85% of normal levels. Speaking to investors and analysts after the company’s quarterly results last week, executive director Rakesh […]

Bajaj takes aim at Royal Enfield, Jawa with Triumph tie-up

Bajaj Auto has just announced its grand entry into the retro-motorcycle market with a new partnership with 118-year-old British brand Triumph. The two companies will jointly develop and market retro-look motorcycles in the Indian market at prices less than Rs 2 lakh — the bread and butter segment for Royal Enfield and Jawa. Until about […]

Rahul Bajaj steps down as chairman of Bajaj Holdings and Investment

Veteran industrialist Rahul Bajaj has stepped down as the chairman and non-Executive director of investment firm Bajaj Holdings and Investment, and his cousin Niraj Bajaj has been appointed as the new non-executive chairman with effect from May 18. “Rahul Bajaj, vide his letter dated February 15, 2019, has tendered his resignation as the non-executive director […]

Bajaj Auto reports 45% jump in domestic 2-wheeler sales for Nov 2108

Bajaj Auto reported a 45% jump in two-wheeler sales in India in November, while overall sales of two-wheelers and three-wheelers, including exports, were up 25%. India two-wheeler sales jumped to 2.05 lakh in November from 1.42 lakh last year. However, compared to October, sales were down from 2.82 lakh. Nevertheless, the performance is better than […]

Bajaj Auto 3-wheeler sales hit a record; 2-wheeler sales up 36% in January

Bajaj Auto reported strong sales growth for January, with overall motorcycles jumping 36% on year to 2.89 lakh units and three-wheeler sales setting an all-time monthly record. TWO WHEELERS Domestic sales of motorcycles were up 36% at 1.63 lakh, while exports of motorcycles rose 37% to 1.26 lakh. This has come as a relief to […]