Bajaj Auto Q2 net profit at $37 mn

Bajaj Auto Q2 net profit at $37 mn

Mumbai: Bajaj Auto Ltd posted a net profit of Rs1.85 billion ($37 million) in its fiscal second quarter on net sales of Rs24.51 billion.

Bajaj Auto relisted in May following a restructuring which split the manufacturing and financial services businesses into separate firms. Comparable year-ago numbers were not immediately available.

Bajaj, a unit of Bajaj Holdings & Investment, is building a low-cost car in a venture with Renault and Nissan Motor to take on Tata Motors’ Nano.

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