Japanese automaker Suzuki Motor’s two-wheeler unit may start testing its electric scooter on the streets of India as soon as next year, but will likely wait for infrastructure to develop before marketing the product.
"We will respect the government policy. We will make some prototypes. But there is no infrastructure — the charging system, battery station,” said Satoshi Uchida, the managing director of Suzuki Motorcycle India. When the company eventually launches its electric two-wheelers in India, it stands to benefit from the EV infrastructure of Maruti Suzuki.
Hero MotoCorp has set a target of selling one million units overseas annually in the next three to four years, Rajat Bhargava, head of global business for Hero MotoCorp, told ET. With a projection of increasing total annual sales to 10 million units during the same period, the company expects overseas sales to contribute 10% to its revenue from 3% at present.
Shrikant Chouhan recommended to keep stoploss at Rs 3184.
The company had sold a total of 5,06,699 units in the same month last year, Bajaj Auto said in a regulatory filing. Domestic sales stood at 2,78,776 units last month as against 3,19,942 units in October last year, a decline of 13 per cent, it added.
Benchmark NSE Nifty index was trading 4.55 points down at 11,872.90.
Dear Sir/s: Pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, please find attached a copy of the Press release being issued by the company in respect of sales for the month of October 2019. This is for your information, please.
The settlement also includes defamation suit against Bajaj Auto filed by TVS Motor and other related proceedings filed against each other, which were pending before the Madras High Court, Bombay High Court, the Intellectual Property Appellate Board, Chennai, and courts in Sri Lanka and Mexico. Both have mutually agreed to withdraw the pending proceedings.
Dear Sir/s: Pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, please find attached a copy of the Press release being issued by the company regarding an amicable settlement of a decade-old patent dispute between TVS Motors Ltd. and Bajaj Auto Ltd. This is for your information, please.
On the options front, maximum Put open interest was at 11,800 followed by 11,700 levels.
Sales rose 5-7% this Navratri, Dussehra and Dhanteras from the year-earlier numbers for the festive period.
Pursuant to Regulation 30(2) read with Schedule III of the SEBI (Listing Obligations and Disclosure Requirements}, Regulations, 2015, we submit herewith a copy of the half yearly communication to the shareholders for H1/FY 2019-20
Pursuant to Regulation 39(3) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, this is to inform that the Company has received a request through RTA M/s Karvy Fintech Private Limited for loss of share certificate, details of which are enclosed.
The two-wheeler industry has been declining for the last 10 months in a row.
Revenue and operating profit saw a decline in the quarter largely due to fall in sales.
Analysts in an ETNow poll had projected a net profit of Rs 1,150 crore.
In terms of the provisions of Regulations 30 (read with Part A of Schedule III) and 33 of the SEBI (Listing Obligations & Disclosure Requirements) Regulations 2015, we enclose the following statements for the second quarter and half year ended 30 September 2019, which were approved and taken on record by the board of directors at its meeting held today i.e. on 23 October 2019: a) Unaudited Standalone and Consolidated Financial Results for the quarter and half year ended 30 September 2019; b) Limited Review Reports (separately for Standalone & Consolidated) for the quarter and half year ended 30 September 2019; and c) Press Release. The meeting commenced at 11.00 a.m. and concluded at 12.55 p.m.
Outcome of Board meeting held on 23 October 2019. The meeting commenced at 11.00 AM and concluded at 12.55 PM
Edelweiss Securities sees 17.50 per cent YoY dip in EBITDA for the auto major.
It makes sense to have a look at the corporate agendas for the day’s as announced to the stock exchanges.
Bajaj Auto led by shipping over 9 lakh units to various markets. Two-wheeler dispatches, including motorcycles, scooters and mopeds, stood at 17,93,957 units in the first half, as compared to 17,23,280 units in the same period of 2018-19.
Further to our letter dated 26 September 2019 on the captioned subject and pursuant to Regulation 39(3) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, this is to inform that the Company has received on 18 October 2019 (copy enclosed) intimation from RTA viz., M/s Karvy Fintech Private Limited regarding issue and dispatch of duplicate share certificates to Shri Nitesh Poddar, details of which are enclosed herewith.
While unveiling the Chetak e-scooter, it said the price would be less than Rs 1.5 lakh.
Underperform Bajaj Auto Ltd. at a price target of Rs 2650.0 .
Jefferies has an underperform rating on Bajaj Auto with a target price of Rs 2,650.
Bajaj Auto Ltd has submitted to BSE the Shareholding Pattern for the Period Ended September 30, 2019. For more details, kindly Click here
Certificate received from Shri S D Limaye, practicing Company Secretary pursuant to Regulation 40(9) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, for the half year ended 30 September 2019 is being submitted herewith, as required under Regulation 40(10) of the said SEBI Listing Regulations, 2015. Kindly acknowledge receipt and take the same on record.
Bajaj has become the first mainstream Indian motorcycle brand to enter the electric space.
The Nifty Auto index was trading flat at 7678.05 around 09:56 am.
In a tussle to cater to needs of the gigantic Indian middle class, companies like Hero MotoCorp, Micromax and Bajaj Auto are manufacturing and/or investing in electronic two-wheeler startups. Even small motor makers have launched electric vehicles.
Foraying into the country’s fledgling electric vehicle space, Bajaj Auto is up for the first mover advantage in the segment with the electronic avatar of the iconic Chetak scooter. The scooter won't be priced more than Rs 1.5 lakh.
Chetak's launch marks Bajaj Auto's foray into the electric two-wheeler segment. Its managing director Rajiv Bajaj said that the company will focus on developing electric vehicles as far as meaningful niches are concerned and not for volume growth.
Pursuant to Regulation 39(3) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, this is to inform that the Company has received (copy enclosed) below request through RTA M/s Karvy Fintech Private Limited for loss of share certificate. Name- Swarnlata Gupta No.of Shares-75 Folio No.-BS 0000395 Old share certificate number-2849 Distinctive Nos.-127819385 to 127819385 Request received on-15.10.2019 If any person has any claim in respect of the said securities, he may lodge such claim with Karvy Fintech Private Limited, "Karvy Selenium Tower-B, Plot No. 31 & 32, Gachibowli, Financial District, Nanakramguda, Hyderabad - 500032 within 7 days from this date; failing which the Company will proceed to issue Duplicate Share Certificate(s) after compliance of required formalities, without further information.
|No.of Investor complaints pending at the beginning of the quarter||No.of Investor complaints received during the quarter||No.of Investor complaints disposed of during the quarter||No.of Investor complaints unresolved at the end of the quarter|
|Name of the Signatory||:-||J Sridhar|
|Designation||:-||Company Secretary and Compliance Officer|
India is the world’s fourth largest automobile market, but sales have been falling since last year.
Median price-earnings of Maruti, TVS, Tata Motors, Bajaj and Hero is double the global average; Maruti is the fourth most expensive.
The Nifty Auto index was trading 0.88 per cent up at 7462 around 09:45 am.
Pursuant to Regulation 7(3) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, Bajaj Auto Limited hereby certifies that all activities in relation to both physical and electronic share transfer facility for the Company are maintained by Karvy Fintech Private Limited. A copy of the Certificate obtained from Karvy Fintech Private Limited to this effect is enclosed. This is the certificate for the half year ended 30 September 2019.
Pursuant to Regulation 30 of the SEBI (listing Obligations and Disclosure Requirements) Regulations, 2015, read with schedule III - Part A thereto, this is to inform you that a conference call for analysts/institutional investors is scheduled on 23 October 2019 (Wednesday) at 03.30 p. m. IST for discussing Companys Q2FY20 results. Dial in and other details of the call are enclosed. This is for your information please.
H1 PV sales estimated to have fallen over 25% , CV sales 20% and 2-wheelers by over 15%.
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