Realisations will be driven by weaker rupee and improving product mix in favour of premium bikes, beside higher three-wheeler sales
Share Market News » The Bajaj Auto stock has gained 10 per cent over four trading sessions, given the performance in the first three months (April-June of the financial year. With strong volumes in the quarter, operating profit is expected to improve by 64 per cent over the year-before period.
This, a premiumisation trend, a high share of three-wheelers and export should rub off well on both revenue and margin. The immediate trigger for the stock has been the 65 per cent year-on-year growth in volume to over four million units in June, higher than the expectation.
Bajaj Auto Limited - Company History
Bajaj Auto Ltd (BAL) is one of the leading two & three wheeler manufacturers in India. The company is well known for its R&D product development process engineering and low-cost manufacturing skills. The company is the largest exporter of two and three-wheelers in the country.
The company has two subsidiaries namely Bajaj Auto International Holdings BV and PT Bajaj Indonesia.On 29 November 1945 Bajaj Auto came into being under the name M/s Bachraj Trading Corporation Private Limited. In 1948 Bajaj Auto started selling imported two- and three-wheelers in India. In 1959 Bajaj Auto obtained licence from the Government of India to manufacture two- and three-wheelers.
In the year 1960 Bajaj Auto became a public limited company. In the year 1970 Bajaj Auto rolled out its 100000th vehicle. In 1971 Bajaj Auto launched three-wheeler goods carrier. In 1977 the company launched Rear Engine Autorickshaw.
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