Appointment of Director
Sub: Intimation of Appointment of Independent Director Pursuant to Regulation 30 read with part A of schedule lll to the SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015, this is to inform that the Board at its meeting held today, has appointed Shri Anami Roy (DIN 01361110) as an additional director in the capacity of an Independent Director on the Board of the Company pursuant to the provisions of the Companies Act,...
Rajiv Bajaj aims to script success with Triumph
Bajaj Auto MD Rajiv Bajaj says an alliance with Triumph Motorcycles opens up immense opportunities in India and several other markets for his firm Bajaj Auto: Exports improve, but domestic recovery more crucial
The Bajaj Auto stock was up four per cent on Friday after the company reported year-on-year growth in sales for the first time in six months. Led by seven per cent growth in exports, overall volumes in August was up three per cent to 3.35 lakh units compared to the year ago month. Commercial (three wheelers) vehicles sales, which accounted for 15 per cent of overall volumes, continue to do well both in the domestic as well as exports markets posting a growth of 12-13 per cent in both markets. However, for the street sentiment to improve further, it is crucial that the domestic volumes pick up for Bajaj Auto as it constitutes 60 per cent of volumes (exports is about 40 per cent).What, according to analysts, has stood out is the recovery in the two wheeler (motorcycle) exports segment. Two wheeler exports, which have been under pressure over the last few months, were up nearly seven per cent. Two wheeler exports have fallen in each month from May to July and the fall has been in the... Updates
Please find attached herewith a copy of Press release being issued by the company in respect of sales for the month of August 2017. Endurance continues to shine despite volume blues for Bajaj Auto
Despite its largest customer Bajaj Auto struggling to improve its volumes in the domestic market, auto component maker Endurance Technologies has been growing its business in India and outside at a brisk pace.The June quarter performance of both companies illustrate the point. While Bajaj Auto's sales volumes were lower by 11 per cent and revenues were down 5 per cent, Endurance posted a 12 per cent growth in domestic revenues, compared to the year ago period. Endurance's performance is noteworthy given that Bajaj Auto accounts for 47 per cent of the former's standalone revenues and 31 per cent of its consolidated revenues. The stock performance over the last year too is indicative of the divergent trends. The Endurance stock has been one of the best performing stocks in the auto space enriching investors by 51 per cent returns since listing in October 2016 while Bajaj Auto shareholders have lost 5 per cent during this period. One of the reasons Endurance has been able to improve its . Bajaj Auto seeks a Triumph
Bajaj is banking on frugal engineering skills to break into niche market through its global tie-up Bajaj Auto move could see more give up 'promoter' tag
In a rare case of suo motu reclassification, Suman Jain, sister of Bajaj Auto chairman Rahul Bajaj, has tagged herself as an ordinary shareholder in the automaker.In the letter addressed to the chairman of Bajaj Auto, she claimed although she is an immediate relative of Bajaj, she doesn't have role to play in the daily operations of the company. This move will substantially reduce the regulatory obligations and the compliance liability of Jain as she will no longer be treated as an "insider" under Securities and Exchange Board of India (Sebi's) Prohibition of Insider Trading Regulations.Jain, who holds 0.36 per cent in the company, argued that she can't be termed a promoter by merely being the sister of the promoter. Legal experts say the move is significant as it could trigger open the door for more such reclassification. "Sebi may relax condition for re-classification in specific case, if it is satisfied about the non-exercise of control by the outgoing promoter," said Yogesh... Incremental gains from a Bajaj Auto-Triumph partnership
Analysts estimate alliance to hit volumes of 50,000 units by FY21 Bajaj Auto surges 3% on partnering UK's Triumph
Following the development, the stock rose 3.4 per cent to hit a high of Rs 2,988.45 on BSE.