While the operating profit was reduced to Rs 376 crore from Rs 1,189 crore, the profit before tax got slashed to Rs 682 crore in Q1 FY21 from Rs 1,579 crore in the same period of previous fiscal.
a factory of Bajaj Auto in Aurangabad city of Maharashtra has been temporarily shut down after 79 employees at the facility were tested positive for Coronavirus.
Domestic two-wheeler sales were at 98,412 units last month as against 2,20,213 units in March 2019, a decline of 55 per cent, it added.
Domestic two-wheeler sales were down by 21 per cent and domestic commercial vehicles sales dipped by 38 per cent year-on-year.
Domestic sales of motorcycles fell by 14 per cent to 2.42 lakh units from 2.81 lakh in October last year. But exports rose by 3 per cent to 1.56 lakh units from 1.51 lakh.
The new Bajaj Chetak electric scooter will come under the company's Pro-Biking network, which includes the KTM brand, and distribution will be broadened depending on the response to the ecosystem.
Some have even reported job losses due to falling sales stemming from a severe liquidity crunch in the non-banking financial sector that has dried up lines of credit to both auto dealers and potential car buyers.
The 790 Duke is an extremely important product for the brand in India and will help satiate the need for those who are looking to upgrade from their current 390 RC and Duke motorcycles in the KTM family.
The 2019 Bajaj Dominar is available in a choice of two colour right now - Aurora Green and Vine Black. While the white colour option will no longer be available on the 2019 Bajaj Dominar, a gloss red shade will be available sometime later in the year, in our estimate, close to the festive season when auto sales are expected to pick up significantly.
New Delhi: Bajaj Auto launched a new 110 cc model of the Bajaj Platina in India, priced at ₹ 49,197 (ex-showroom,...