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Budget

Budget measures on jobs, skilling, rural economy cheer auto industry

Schemes on skilling and upskilling of workers, apprentices as well as employment generation initiatives for manufacturing to help the industry. Higher rural incomes and agriculture upgrade will benefit too.

3 min read23 Jul 2024
Companies

CIE Automotive India Q2 Results Live : profit falls by 28.13% YOY

CIE Automotive India Q2 Results Live : Revenue decreased by 1.19% YoY & profit decreased by 28.13% YoY

1 min read20 Jul 2024
Industry

This car aficionado won tax benefits for hybrids in Uttar Pradesh, but where is the EV policy headed?

Piyush Bhutani, a businessman from Prayagraj, became a champion of hybrid cars in Uttar Pradesh after he got a court order to waive road tax on them. But the electric vehicle lobby isn’t happy about that.

5 min read18 Jul 2024
Markets

Bajaj Auto share price falls over 3% as analysts caution on valuations after Q1 results. Should you buy the auto stock?

Bajaj Auto share price has fallen over 5% in one month, while the stock has rallied more than 38% year-to-date (YTD). In the past one year, Bajaj Auto shares have risen over 94%.

3 min read18 Jul 2024
Markets

Bajaj Auto: CNG bike and exports to drive growth

While overall exports grew at a similar rate as domestic volumes in Q1, exports to some markets fell by as much as 70%.The Freedom 125 CNG bike is strategically placed to tap price-conscious customers in the 125cc segment as it’s expected to cut running costs by half.

3 min read18 Jul 2024
Auto News

JSW-MG Motor to roll out 5 new cars over one year

The carmaker is targeting sales of 300,000 cars annually over the next 3-5 years.Rajeev Chaba, chairman emeritus, MG Motor India, sees a 7-8% growth for India’s passenger vehicle market rather than the industry consensus of a low single-digit growth.

3 min read17 Jul 2024
Companies

Bajaj Auto Q1 Results Live : profit rise by 18.1% YOY

Bajaj Auto Q1 Results Live : Revenue increased by 15.71% YoY & profit increased by 18.1% YoY

1 min read17 Jul 2024
Auto News

Ola Electric’s dominance will come under increasing challenge, Bajaj Auto says

Baja Auto’s Rakesh Sharma said as other electric two-wheeler makers widen their distribution networks and expand their portfolios, Ola Electric will feel the heat. Ola Electric leads the electric 2-wheeler market, cornering 51% share, followed by TVS, with 17.5%, Bajaj Auto 13%, and Ather 11%.

2 min read16 Jul 2024
Companies

Bajaj Auto Q1 results: Net profit rises 19% to ₹1,988 crore; revenue up 16% YoY. Check key highlights

Bajaj Auto’s revenue from operations in Q1FY24 increased 15.7% YoY to ₹11,928 crore from ₹10,310 crore, year-on-year (YoY), on the back of strong vehicle sales and record spares revenue.

2 min read16 Jul 2024
Markets

Bajaj Auto share price: Is this a stock to buy ahead of Q1 results today?

Q1 results today: Bajaj Auto share price is expected to sustain above ₹9,500 apiece until its Q1 results 2024 is declared, say experts

2 min read16 Jul 2024
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