Bajaj Auto share buyback programme of Rs 2,500 crore approved
June 28, 2022 12:55 ISTBajaj Auto Share Buyback: Bajaj Auto said that its share buyback programme will be carried out at a price not exceeding Rs 4,600 per equity share.
Bajaj Auto Share Buyback: Bajaj Auto said that its share buyback programme will be carried out at a price not exceeding Rs 4,600 per equity share.
Rahul Bajaj (83), who stood down from his position of non-executive director and chairman of Bajaj Auto on April 30 last year and remained as the Chairman Emeritus, was not keeping well for some time and passed away at around 2:30 pm on Saturday.
In 2001, Rahul Bajaj was conferred the third-highest civilian award Padma Bhushan.
Bajaj Auto has launched the all-new Pulsar 250 in two variants R250 and N250.
The Chetak EV is available in two variants -- Premium and Urbane -- and the scooter will be available at select Chetak dealerships in Nagpur.
The non-executive chairman of the Pune-based two and three-wheeler maker has tendered his resignation which would come into effect from close of business hours on April 30, 2021, Bajaj Auto said in a regulatory filing.
Bajaj Auto Ltd on Monday reported an 11 per cent increase in its total vehicle sales at 512,038 units in October.
The flurry of lockdowns across the country in many major cities and states interrupted the recovery in the second half of July, according to Rakesh Sharma, Executive Director, Bajaj Auto. "As a result the outcome in July was a bit lower than June retails," he added.
Bajaj Auto is witnessing a strong revival in demand for two-wheelers in the domestic as well as international markets, even as it continues to face headwinds in the three-wheeler segment
Bajaj Auto on Monday said it did not sell any two-wheelers or commercial vehicles in the domestic market in April.
Bajaj Auto on Wednesday said it has extended its free service and warranty period for both two-wheelers and commercial vehicles in the wake of the 21-day pan-India lockdown announced to combat the coronavirus pandemic.
Bajaj Auto on Monday said it has suspended production at its manufacturing facilities in view of the measures announced by the government to curb the spread of coronavirus outbreak.
Introduced in Canyon Red and Vine Black colour options, the 2020 Bajaj Dominar 250 gets several features that are available with its more powerful and popular sports touring cousin Bajaj Dominar 400.
The 250-cc premium bike models are Svartpilen 250 and Vitpilen 250. A leading Swedish brand, Husqvarna is part of the KTM group. Bajaj Auto holds around 48 per cent stake in the group. The two motorcycles were unveiled in India last December.
Bajaj Auto is all set to collaborate with British motorcycle brand Triumph to bring brand new mid-capacity bikes to Indian roads. Bajaj and Triumph on Friday formally commenced their non-equity global partnership to manufacture a new range of mid-capacity motorcycles in the country.
Production at Honda Motorcycle and Scooter India's (HMSI) Manesar plant in Haryana, Bajaj Auto's Chakan unit and factories of various auto component makers was hit on Wednesday by the day-long strike called by 10 major trade unions against the Centre's "anti-people" policies.
Bajaj's total domestic sales were down 15 per cent at 1,53,163 units as compared to 1,80,351 units in the year-ago month, it added. Motorcycle sales in domestic market were 1,24,125 units last month as against 1,57,252 units in December 2018, down 21 per cent, it added.
Commercial vehicle sales stood at 36,260 units as against 38,360 in the corresponding month last year, a decline of 5 per cent, the company said.
Domestic sales in September this year stood at 2,15,501 units as against 3,11,503 units, down 31 per cent, Bajaj Auto said in a regulatory filing.
Strongly objecting to government think tank Niti Aayog's proposal to transition to electric vehicles (EVs) for three-wheelers by 2023 and two-wheelers by 2025, the two companies said the policy has not been made with adequate study and diligence.
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