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Covid-19 induced economic turbulence pulled down two-an d three-wheeler manufacturer <keyword id="6359783" type="ORGANIZATION" weightage="20" keywordseo="bajaj-auto">Bajaj Auto</keyword>'s total sales in July by 33 per cent on a year-on-year basis. According to the company, its total sales during the month under review fell to 2,55,832 units from 3,81,530 units sold during the corresponding month of 2019. Similarly, Bajaj Auto's total domestic sales stood at 1,58,976 units -- down 23 per cent -- from 2,05,470 units sold in July last year. The two- and three-wheeler manufacturer's overall exports declined by 45 per cent to 96,856 units from 1,76,060 units shipped out during the like month of 2019. In term of two-wheelers, the company's total sales fell 26 per cent to 2,38,556 units from 3,22,210 units sold in July last year. The company's commercial vehicles' sales during the month under review declined by 71 per cent to 17,276 units from 59,320 units sold during the like period of last year.

Bajaj Auto's July sales drop by a third and the bigger dent came from exports

<ul><li>Bajaj Auto announced its earnings for the first quarter of FY20. </li><li>Bajaj Auto’s profits stood at ₹1126 crores as compared to ₹1115 crores in the same quarter last year. </li><li>Its share price jumped by 4% after it announced earnings.</li></ul>Bajaj Auto’s share price jumped by over 4% as the country’s leading two and three-wheeler maker gave up margin for more market share. The company led by Chief Executive Officer Rajiv Bajaj in the domestic motorcycle segment, has a market share of 18.3% against 16.3% in Q1FY19. Meanwhile, in the sports segment, the company continues to enjoy a market share of nearly half the segment. This came at a cost. Overall margins shrank to 16.1% from 18.3% because automobile demand has been on a downtrend last few months. At a time when the sales for the entire two-wheeler industry fell 9%, Bajaj Auto clocked a 1.6% growth in sales between April and June 2019. Bajaj Auto’s profits stood at ₹1126 crores, just a tad higher than the figure the same time last year. It’s consolidated profit after tax stood at ₹1012 crores, down 2.8% from a year earlier. Its total revenue from operations grew 3.8% to ₹ 7,756 crores. <div type="javascript" title="Custom" contenttype="Image"><cdata><![CDATA[
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Bajaj Auto share price spikes as company gains market share

The board of <keyword id="6359783" type="General" weightage="20" keywordseo="bajaj-auto" source="Orion">Bajaj Auto</keyword> Ltd on Monday approved the proposal for buyback of fully-paid equity <keyword id="30335" type="General" weightage="20" keywordseo="shares" source="Orion">shares</keyword> from non-promoter shareholders and persons in control of the company from the <keyword id="258776" type="General" weightage="20" keywordseo="open-market" source="Orion">open market</keyword> for a price not exceeding Rs 4,600 per share. In a regulatory filing, <keyword id="6358511" type="General" weightage="20" keywordseo="bajaj" source="Orion">Bajaj</keyword> Auto said that its board has approved the buyback of equity shares with a face value of Rs 10 each for a price not exceeding Rs 4,600 per share and the aggregate amount not to exceed Rs 2,500 crore. The share buyback represents 9.61 per cent and 8.71 per cent of the aggregate of the total paid-up share capital and free reserves (including securities premium account), Bajaj Auto said. A Buyback Committee has been formed to carry out the task. SEE ALSO: <a href="https://www.businessinsider.in/tech/enterprise/digital-twins-market-to-surge-as-e-tailers-enhance-their-offerings/articleshow/92483249.cms">Digital twins market to surge as e-tailers enhance their offerings</a> <a href="https://www.businessinsider.in/business/news/ola-shuts-it-used-car-and-quick-commerce-businesses/articleshow/92480954.cms">Ola shuts it used car and quick commerce businesses</a>

Bajaj Auto to buyback shares from open market at Rs 4,600 per share

<ul><li><keyword id="6359783" type="ORGANIZATION" weightage="20" keywordseo="bajaj-auto">Bajaj Auto</keyword>’s iconic scooter brand Chetak is making a grand comeback </li><li>The e-scooter will be launched today.</li><li>Chetak will be priced ‘very competitively’. </li></ul><keyword id="6358511" type="UNKNOWN" weightage="20" keywordseo="Bajaj">Bajaj</keyword> Auto’s iconic scooter brand Chetak is making a grand comeback – only this time, in an electric version. The company will be launching the e-scooter today and all eyes will be on Bajaj as it brings back the Chetak. However, the e-scooter will also be missing the Bajaj logo as they are creating a niche brand. The scooter will initially be launched in Pune, and will be rolled out in Bengaluru, later. Bajaj also said that the e-scooter Chetak will be priced ‘very competitively’. The company’s move to electric comes in at a time when the auto sector is undergoing a slowdown. In September 2019, Bajaj saw a 20% drop in sales as compared to the same month the previous year. In spite of the fact, the company’s market share grew to 18.3% in Q1FY20 from 16.3% in Q1FY19. In the sports segment, the company enjoys almost 50% of the market share. Bajaj Auto’s profits for the first quarter of FY20 at ₹1126 crore in Q1FY20 which registered a flat growth from the same quarter last year. Its total revenue from operations grew 3.8% to ₹ 7,756 crore during the same quarter.

A 79-year iconic scooter brand is taking an electric avatar - but it will not be called Bajaj

<ul><li>The SGX Nifty was trading 0.27% lower at 7:45 am, indicating a red start for Nifty50. </li><li>Here’s a list of stocks to watch for in trade today. </li><li><a href="https://www.businessinsider.in/">Check out the latest news and updates on Business Insider. </a></li></ul>Amidst negative cues from the global markets, the Indian equities are likely to open lower on Thursday. The SGX Nifty was trading 0.27% lower at 7:45 am, indicating a weak start for Nifty50. The US stocks also closed on a choppy note as negotiations continue to drag over the stimulus package. Dow Jones shed over 97 points, and the S&amp;P 500 ended 0.22% lower. These are the stocks to watch out for during the trading session on October 22: Bajaj Finserv The private lender Bajaj Finserv reported an 18% fall in its consolidated net profit to ₹986.29 crore for the quarter ended September 30, as group entities suffered a contraction in profits. The company’s overall income rose 5.8% to ₹15,051.59 crore during the quarter under review. The shares of Bajaj Finserv ended 0.72% lower on Wednesday. DLF Realty major DLF’s rental arm has signed a deal with Standard Chartered GBS. DLF will be leasing 7.7 lakh sq ft office space in an upcoming commercial tower in Chennai. The shares of DLF ended 2.87% higher on Wednesday. Prestige and Brigade Bengaluru-based developers Prestige and Brigade Group have partnered to develop a shopping mall and a hotel in Chennai at the cost of around ₹500 crore. The two leading developers have jointly taken 7.5-acre land on a 99-year lease in Chennai. The shares of Prestige ended 3% lower on Wednesday, whereas Brigade was up over 4%. Kirloskar Brothers Regulator SEBI has slapped a penalty of ₹31 crore on Kirloskar Brothers Ltd (KBL) promoters and others for indulging in insider trading and committing fraud on public shareholders of Kirloskar Industries. Also, the entities have been barred from the capital market for a period ranging three months to six months, the regulator said in three separate orders on Tuesday. The shares of Kirloskar Brothers ended 0.18% lower on Wednesday. Aavas Financiers Aavas Financiers board approved to raise up to ₹100 crore via bonds. The shares of Aavas Financiers ended 0.44% lower on Wednesday. Equitas Small Finance Bank IPO The initial public offering (IPO) of Equitas Small Finance Bank was subscribed 67% on the second day of bidding. The portion reserved for qualified institutional buyers (QIBs) was subscribed 5%, non-institutional investors 5% and retail investors 142%. Bajaj Auto, Asian Paints, Biocon and Bharti Infratel Bajaj Auto, Asian Paints, Biocon and Bharti Infratel will be reporting their financial earnings today. SEE ALSO: <a href="https://www.businessinsider.in/business/corporates/news/kumar-mangalam-birla-says-cement-industry-is-recovering-and-analysts-find-evidence-of-it-outside-ultratech-too/articleshow/78791281.cms" data-type="tilCustomLink">Kumar Mangalam Birla says cement industry is recovering and analysts find evidence of it outside UltraTech too</a> <a href="https://www.businessinsider.in/business/startups/news/uber-bus-pradeep-parameswaran-says-india-and-apac-will-follow-egypt-success/articleshow/78788982.cms" data-type="tilCustomLink">Uber Bus in India soon? Head of Mobility in APAC says he is ready to import the Egypt experiment</a> <a href="https://www.businessinsider.in/india/news/sadhguru-advice-government-should-give-tax-relief-for-sustainable-businesses/articleshow/78790522.cms" data-type="tilCustomLink">Sadhguru’s advice: Government should give tax relief for sustainable businesses</a>

You Searched For "Bajaj Auto Share Price" and got 5 results

Bajaj Auto's July sales drop by a third and the bigger dent came from exports

IANS

Bajaj Auto share price spikes as company gains market share

Sanchita Dash

Bajaj Auto to buyback shares from open market at Rs 4,600 per share

IANS

A 79-year iconic scooter brand is taking an electric avatar - but it will not be called Bajaj

Sanchita Dash

Top stocks to watch — DLF, Bajaj Finserv, Prestige, Brigade, Bajaj Auto, Asian Paints, Biocon, and others

Navdeep Yadav

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