Bajaj Auto announces Rs 5,600-crore share buyback
Pune-based automobile company Bajaj Auto Ltd officially informed the stock exchange about its second share buyback in two years on Wednesday, adding that it will buy back shares worth Rs 5,633 crore.
Pune-based automobile company Bajaj Auto Ltd officially informed the stock exchange about its second share buyback in two years on Wednesday, adding that it will buy back shares worth Rs 5,633 crore.
The stellar performance was mainly attributed to the GST 2.0 boost, according to data shared by the Federation of Automobile Dealers Associations (FADA).
The automobile industry emerged as the standout winner. Under GST 2.0, smaller sub-4 metre cars were shifted to the 18 per cent tax slab, and the compensation cess on automobiles was scrapped entirely.
Automobile exports from India grew by 22% year-on-year in the April–June quarter, according to data released by the Society of Indian Automobile Manufacturers (SIAM).
Railway Minister Ashwini Vaishnaw, on Tuesday, inaugurated the country’s largest automobile Gati Shakti Multi-Modal Cargo Terminal at Maruti Suzuki India Limited, Manesar, Haryana.
India’s automotive industry is a cornerstone of the nation’s manufacturing and economic growth, contributing 7.1 per cent to India's GDP.
A bevy of heritage automobiles rolled down the red carpet at the much-awaited 58th Edition of The Statesman Vintage & Classic Car Rally in the national capital on Sunday.
In January, automobile retail sales in India rose 7 per cent year-on-year at 22,91,621 units, data from the dealers body Federation Of Automobile Dealers Associations (FADA) said.
Chief Minister of Assam Himanta Biswa Sarma on Monday invited automobile giants from South Korea to invest in Assam.
December 2024 proved to be a setback for the automobile sector with total retail sales declining by 12 per cent year-on-year, data shared by the Federation of Automobile Dealers Associations (FADA) said.
