Bajaj Auto Beats Industry Slowdown, Posts 21 Per Cent Growth In Net Profit

Bajaj Auto Limited has posted a better than expected profit in the quarter ended March 2019. Net profit of the Indian motorcycle manufacturer rose 21 per cent year-on-year to Rs. 1,306 crore in the period from January to March, 2019. Total volumes (including motorcycles and commercial vehicles) in both domestic and export markets crossed 50 lakh units in the 2018-19 financial year. The company posted several record numbers, including highest ever volumes, highest ever turnover of Rs. 31,899 crore, and highest ever profit after tax of Rs. 4,928 crore.

Bajaj Auto sold 11,93,590 units in the January to March quarter, posting a turnover of Rs. 7,828 crore. The company's exports in the quarter grew by 13 per cent to over 4.8 lakh units in Q4, against more than 4.25 lakh units in the same period a year ago. Overall, during the financial year 2018-19, Bajaj Auto's exports grew by 25 per cent to more than 20 lakh units exported during the financial year. Motorcycle exports alone accounted for nearly 17 lakh units, a growth of 22 per cent over the nearly 14 lakh units the company had exported a year ago.

ph9bm6cg

The Bajaj Pulsar range sold more than 9 lakh units in FY 2018-19

Sales in the Indian automobile industry had slowed down after the festival season last year, as demand came under pressure due to higher insurance costs and rising fuel prices, as well as the rural markets coming under pressure. Despite the slowdown, Bajaj Auto reported a growth in the domestic motorcycle market share to 18.7 per cent, as against 15.7 per cent in FY 2018. In fact, for the fourth quarter of the FY 2018-19, Bajaj Auto's share in the domestic motorcycle market was 20 per cent. According to a company release, Bajaj Auto recorded a growth of 52 per cent over FY 2018, as against an industry growth of 26 per cent.

Among Bajaj Auto's bestselling motorcycles, the CT 100 sold over 7,42,000 units, a whopping growth of 59 per cent over the 2017-18 financial year. The Bajaj Platina sold over 6,26,000 units, a growth of 44 per cent over FY18. The Pulsar range sold more than 9 lakh units in FY 2018-19, the highest ever sold in a single financial year.



from NDTV CarAndBike - Latest News

Comments

Post a Comment

Popular posts from this blog

Harley-Davidson Streetfighter Spotted In Flesh For The First Time

Image
Harley-Davidson unveiled a range of new motorcycles last year that included an adventure tourer, streetfighter and Custom range. This, along with the LiveWire electric motorcycle defines the new-age 21st century offerings from the manufacturer as it taps into newer markets and caters to an evolving customer base. Now, giving a glimpse of the new models out in the open, the new Harley-Davidson Streetfighter was spotted in the prototype version at what seems to be a trade show in the US, giving a good glimpse at motorcycle looks like in flesh. While board says 'Styling Prototype', the production-spec version of the Streetfighter is likely to stay identical to the model showcased here. In addition to the Streetfighter, the Pan America was also showcased at the same event. The production spec versions of both bikes could be unveiled at EICMA this year. Also Read: Harley-Davidson Livewire To Be Unveiled In India In August The Harley-Davidson Streetfighter is a completely new mot...
Read more

Brixton 1200 To Rival Triumph Bonneville T120

Image
A 1200 cc modern classic with similar design lines as Triumph's iconic Bonneville series, has reportedly been cleared for production. The bike was showcased as a concept at last year's EICMA motorcycle show, and from the looks of it, this is a model developed in China with the Triumph Bonneville T120 in its sights. The Brixton brand though is part of Austria's KSR Group, which imports bikes from several Chinese manufacturers, including CF Moto. And while the new Bonneville rival will be manufactured in China, the design and engineering has been created at KSR's design centre in Krups, Austria. Also Read: Triumph Bonnville T120 First Ride Review The Brixton 1200 cc motorcycle has not been named yet, or a launch timeline announced So far, the company has not committed to a launch date yet, but says that it will eventually make it to production. And from the looks of it, that may well be sometime later this year, maybe even at the EICMA 2020 show in Milan, Italy, in...
Read more

Zongshen Cyclone RX6 Based On Norton 650 Nearing Completion

Image
While there still doesn't seem to be a buyer for iconic British brand Norton Motorcycles which went into administration in January this year, the firm's 650 cc parallel-twin seems to be finding life in China. While Norton apparently sold off the engine rights of its 961 engine to China's Jinglang just before the brand went into administration, the deal for the 650 cc engine was finalized way back in 2017 with Chinese giant Zongshen. The 650 cc parallel-twin engine was due to be used in Norton's Atlas and Superlight models, but now it looks like that engine platform will make its debut in a Zongshen motorcycle, called the Cyclone R6. Also Read: How Much Is Norton Motorcycles Worth Now? One of the patent designs shows the Cyclone RX6 with full touring accessories and luggage Two prototypes fitted with the 650 cc parallel-twin engine were shown in China late last year, on the Zongshen Cyclone RX6 adventure bike and the RX6 sport tourer. Both bikes used Zongshen-made...
Read more