The two-wheeler sales in India experienced a marginal decline in May as compared to the same period in the previous year. The major two-wheeler manufacturers of the country reported a decrease in sales numbers, reflecting a broader trend in the industry.Market leader Hero MotoCorp, sold 498,123 units in May 2024, marking a decrease from the … Read more
May 16, 2024, 07:08:12 PM IST Mutual funds buy and sell securities to actively manage their portfolios. Here is the list of top 10 largecap stocks sold by mutual funds in April, according to a report by ICICI Direct Research. ETMarkets.com 2/11 Jio Financial Services The fund houses had 2,661 lakh shares of Jio Financial … Read more
Two-wheeler makers Royal Enfield, Bajaj Auto and Hero MotoCorp posted record revenue from sales of branded, genuine parts – like brake pads, headlights and speedometer – accessories and merchandise in FY24. At their post-earnings investor calls, company executives attributed this to the market for such items becoming more organised and buyers giving preference to branded … Read more
New Delhi: The country’s largest two-wheeler maker Hero MotoCorp’s market cap reached Rs 1 lakh crore for the first time on Tuesday as its stock crossed the Rs 5,000 mark. Hero’s stock has surged 85.42% in the last 12 months and 21.8% so far this year. Investors have been upbeat on the stock on the … Read more
Rajiv Bajaj on Friday attributed the rise in prices of two-wheelers to ‘overruglation’ of the market and asked the government to reconsider the GST rate on two-wheelers, calling for them to be lower. “This kind of a dramatic change in price owes itself to many things, but most of all, over-regulation of the market,” Bajaj … Read more
Bajaj Auto will launch India’s first ever CNG-powered motorcycle on June 18, 2024. Rajiv Bajaj, Managing Director of Bajaj Auto, announced the launch date earlier today during the launch event of Pulsar NS400Z. With The two-wheeler maker plans to disrupt the entry-level motorcycle market with the CNG bike. The bi-fuel motorcycles, priced at a premium, … Read more
Bajaj Auto’s Managing Director, Rajiv Bajaj, today outlined the company’s strategy for the Indian market during an interview with CNBC TV. In an interview with CNBC TV, Rajiv Bajaj said that like a double engine ki sarkaar, we are a double engine ka karobar. We will follow a two-pronged approach for sports bikes, two-pronged approach … Read more
Bajaj Auto has unvield its latest marvel, the new Pulsar NS400Z at Rs 1.85 lakh (ex showroom price Delhi). With a potent 373cc engine under its hood, delivering an impressive 40 PS of power and 35 Nm of torque, this machine is poised to redefine the standards of performance in its segment. The unveiling ceremony … Read more
Rallies in the markets may not present a clear picture of certain key developments. This is the very nature of the markets. A little bit of digging helps reveal stories which may not be apparent in the broad sentiment which engulfs the markets. Take for instance, the banking index. In the past one year ended … Read more
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. The standalone revenue for the reported … Read more
