BAJAJ TRIUMPH
Bajaj Auto inaugurates its first overseas manufacturing facility in Brazil
Bajaj Auto opened a new manufacturing plant in Brazil to produce Dominar models and expand its global presence with partners like KTM AG and Triumph, targeting the growing Latin American two-wheeler market.
Bajaj Auto looks to sustain domestic business momentum; recover export volumes
Bajaj Auto aims to sustain momentum in domestic business and expand production capacity for new ventures. Chairman Niraj Bajaj expects robust demand in FY2024, with a focus on recovering export volumes.
Auto Industry ramps up C-suite hiring amid post-pandemic sales surge
The Indian automobile industry is experiencing a surge in hiring for C-suite executives from diverse consumer-facing sectors to address a talent shortage at the top level amid a post-pandemic sales rebound. Over the past 12-18 months, senior executives from FMCG, consumer durables, and retail backgrounds have transitioned to carmakers like Maruti Suzuki, Bajaj Auto, and TVS Motor Company, traditionally known for hiring engineers and technology experts.
Bajaj Auto shares fall 3% after Q4 results. Should you buy, sell or hold?
Bajaj Auto Share Price: Shares of Bajaj Auto fell 3% at Rs 8,753 on Friday after the two-wheeler major reported a standalone net profit of Rs 1,936 crore for the quarter ended March 31, 2024, which was up by over 35% from Rs 1,432.88 crore reported by the company in the year-ago period.
Hot Stocks: Brokerage view on TVS Motor, Infosys, Bajaj Auto and HDFC Life
Citigroup maintains buy on HDFC Life, target Rs 710. JPMorgan overweight on Bajaj Auto, target at Rs 10,000. Citigroup has sell on TVS Motor.
Bajaj Auto aims to make 10,000 Triumph units a month by September, CFO says
Bajaj Auto targets 10,000 units monthly for Triumph motorcycles by September, with a robust financial performance driven by rural India's demand for entry-level models and steady mid-level motorcycle sales.
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Business strength, new RE launches to power up Eicher
RE’s domestic sales volume grew by 16% year-on-year to 6,30,273 units in the first nine months of the current fiscal year despite new bikes launched by Hero-Harley and Bajaj Triumph. The quarterly run-rate of the RE Classic 350 bike, the company’s highest selling bike, was 80,180 units during the period compared with 78,974 units in the comparable period a year ago. It suggests that the new bikes introduced by the competition have expanded the addressable market for RE’s premium bikes due to a strong franchise.
Business levers sound, cost scenario looking steady: Rakesh Sharma, Bajaj Auto
The business levers are seeming pretty sound and unless there is an external black swan-like event or this whole Middle East thing, conflagration spins out of control or post election there is some issues, other than that I would say slight headwinds on cost particularly on certain types of metals but otherwise the cost scenario is looking pretty steady.
Most analysts upbeat post Bajaj Auto's Q3 show, raise price targets
Most brokerages upgraded their price targets on the stock after the results. The upgraded average analyst price target on the stock stands at Rs 7,252.08, according to Bloomberg data, which is 4.6% lower than Thursday’s closing price of Rs 7,590.
Two-wheelers to drive up Bajaj Auto's margins
The company’s operating margin before depreciation and amortization (EBITDA margin) rose by 29 basis points sequentially to 20.1% in the third quarter of the current fiscal year even though the volume share of the three-wheelers segment, which has superior margin, in the total volume dropped by 230 basis points to 10.2%. In addition, the EBITDA per vehicle at Rs 20,232 was at par with the last quarter’s level though the average selling price fell 1.4% to Rs 100862 per unit.
India Inc is on the hunt for more and more women executives as it pushes for better ESG standards
Large Indian companies and multinationals are actively seeking senior women professionals for top management roles, driven by a focus on ESG standards and the desire to improve diversity at the CXO level. Investors are also increasingly interested in companies that prioritize gender diversity. Several executive search firms have reported mandates to exclusively look for female candidates for CFO, COO, CHRO, CMO, CTO, CLO, and CEO positions.
Bajaj Auto tops M&M in m-cap to regain 3rd largest auto co tag
The market capitalisation of one of the country’s largest two- and three-wheeler makers surged to Rs 2.09 lakh crore on Tuesday, crossing M&M’s market value of Rs 2.03 lakh crore. Maruti Suzuki is the most valuable automaker, followed by Tata Motors.
Sales of Indian SUVs soar, smaller cars skid in December
December witnessed a surge in SUV sales in India while small car sales plummeted despite heavy discounts, indicating a preference for premium vehicles among the affluent, less impacted by inflation. Maruti Suzuki and Mahindra & Mahindra reported significant domestic SUV sales growth, forming a substantial portion of their passenger vehicle sales.
Motorcycle icon Royal Enfield faces fresh challenge from Harley, Triumph in India’s biker paradise
Like Triumph, US giant Harley-Davidson Inc. is also renewing efforts in India, where Royal Enfield is revered to a similar extent as Harley is in the US. Their decision to manufacture more affordable, smaller-engine motorcycles locally is paying off, giving them a better chance of pulling closer to Royal Enfield.
Mahindra and Mahindra, others to invest $105 mln in two-wheeler unit
The 'Scorpio' car manufacturer, will invest 5.25 billion and the remaining will come from existing shareholders and new investors, Mahindra said in an exchange filing.
Bajaj Auto Q2 net up 20% on strong CV sales and higher share of 125 cc plus bikes
Net profit at the maker of Pulsar and Discover brands rose to Rs1836 crore as compared to Rs1530 crore while revenue from operations at the firm during the quarter rose 6% year-on-year to Rs10,777 crore compared to Rs 10203 crore in the corresponding quarter.
Hot Stocks| What should investors do with Bandhan Bank, Bajaj Auto, Wipro, Paytm and IndusInd Bank?
BofA Securities maintained a buy rating on Bandhan Bank with a target price of Rs 300. The asset quality improvements were very gradual.
Stocks in news: TCS, MCX, Delta Corp, Bajaj Auto, Vinati Organics, Aurionpro Solutions
The exchange is set to go live with its new commodity derivative platform from Monday. The exchange will conduct a mock trading session on October 15.
Harley-Davidson, Triumph in first gear of challenge to Royal Enfield's India reign
The duo surprised the industry this month by unveiling their cheapest models globally in the largest motorbike market by sales, where their expensive imports have long struggled for market share. This time, they are making the bikes in India with domestic partners to bring prices below Rs 2,33,000.
Bajaj plans doubling Triumph Motorcycles' output on robust bookings
Bajaj Auto has received over 15,000 bookings since the launch and counting. The ramp-up plans suggest that the company is striving to touch volumes of around 40,000-45,000 units in the current fiscal year and 100,000-120,000 units in the next fiscal year. This could potentially add around ₹800-900 crore to its revenue in the ongoing fiscal year, as per analyst estimates.
Bajaj quashes rumours about high price of newly launched Triumph Street 400 bike
Recently, in a tweet, a user alleged that the on-road price of the bike stands at Rs 3,38,598, which is higher than the ex-showroom price of Rs 2.33 lakh and created a big controversy among Bajaj's potential customers across the country.
Harley, Bajaj Triumph to put a spoke in Eicher’s wheel? Nischal Maheshwari answers
“One has to see how Eicher reacts, whether it cuts down prices and tries to compete with them. That is what the market is worried about. Obviously, the volumes are going to get impacted. That is the way the market is cutting at the moment.”
Bajaj Auto-Triumph launches Speed 400, Scrambler 400X bike; check price here
Bajaj Auto-Triumph has launched its Speed 400 and Scrambler 400X bikes, fully manufactured in India. Both motorcycles have distinct design cues inspired by their siblings and are equipped with features such as USD forks, rear mono-shock, and disc brakes on both wheels with dual-channel ABS. Bajaj's new Chakan plant, with a monthly capacity of 5,000 units, will manufacture the Triumph products, which will be exported globally from India.
Revving up the roads: Bajaj Auto, Triumph's new co-developed motorcycles Speed 400, Scrambler 400 X launched in India; price range starts at Rs 2.3L
Bajaj Auto and Triumph have launched their co-developed Triumph Speed 400 and Scrambler 400 X motorcycles in India with both priced at an inaugural price of Rs 2.33 lakh for the first 10,000 customers. While the former will be available from mid-this month, the latter will be made available in October this year.
All hail the hottest motorcycle in town! Priced at Rs 2.2L, Harley-Davidson X440 is here, and fans get ecstatic on Twitter
Harley-Davidson and Hero MotoCorp have unveiled the Harley-Davidson X440, their first premium motorcycle. It features a 320mm front rotor coupled with dual-channel ABS, diamond-cut alloy wheels and Bluetooth connectivity with notification alerts. Priced at a starting point of INR 2.29 lakh (ex-showroom), the bike will compete against upcoming Bajaj-Triumph scrambler set to launch this year.
Bajaj Auto likely to retain momentum on bourses
Bajaj Auto's stock has increased by 22.5% in 2023, with factors such as increased domestic two-wheeler demand, EV volume, launch of premium bikes with Triumph and a revival in overseas shipments supporting future earnings. In the previous fiscal year, the company's bike volume fell by 9%, but the share of domestic two-wheelers rose to 48.3% in Q1 2023 compared to 34.7% in the previous year.
Triumph Motorcycle transfers sales and marketing operations of India subsidiary to Bajaj Auto
The move follows a strategic partnership between the two companies, in which they committed to developing a new range of mid-sized Triumph Motorcycles. Effective from April 2023, all 15 of Triumph's existing dealerships in India will be managed by Bajaj Auto. Bajaj is planning to utilise its distribution network to expand Triumph's retail channels across India.
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