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.
Triumph is gearing up to enter a new space in India’s motorcycle market with its upcoming 350cc range, expected to launch in April. After the strong response to the Speed 400 and Scrambler 400 X, the brand is now looking to offer a more cost-friendly option by staying under the 350cc tax bracket, potentially reshaping its strategy for Indian riders.
The passenger vehicle (PV) dispatches to dealerships dropped by 9 per cent year-on-year in August, data released by the Society of Indian Automobile Manufacturers (SIAM) said, adding the two-wheeler sales recorded steady growth.
Riding on its green energy portfolio, Bajaj Auto on Wednesday reported a net income of Rs 2,005 crore in the July-September quarter (Q2 FY25), up 9 per cent from a year-ago period.
Electric 2W volumes crossed the 1,00,000 mark last month while E3W volumes reached a new peak of 63,000, according to the report by BNP Paribas India.
Domestic sales stood at 281,160 units last month, as against 278,776 units in October last year, up 1 per cent, it added.
The company reported total volumes of 10,53,337 units in second quarter, down 10 per cent from 11,73,591 units in July-September quarter of 2019-20
This decision should serve as a wake-up call to outlets that have made it their business to garner viewers based on one-sided reportage that is often more an outpouring of the channel’s bias than a reflection of facts on the ground.
Bajaj Auto's total domestic sales rose. It stood at 228,731 units, up 6 per cent, from 215,501 units sold in September last year.
A COVID care facility is made operational in Bajaj Vihar of Waluj itself where around 100 patients are currently under treatment.
