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Two-wheeler major Bajaj on Wednesday announced the comeback of its iconic scooter brand Chetak in an electric avatar. The company plans to start selling electric scooters (e-scooter) under the Chetak brand January onwards from Pune and then move to Bengaluru; and after gauging the response, expand operations to other locations. The e-scooter would be rolled out from the company's Chakan plant and would be retailed from the company's Pro-Biking dealerships. The company also plans to export the model to various relevant markets in Europe from next year itself. The e-scooter was unveiled by Transport minister Nitin Gadkari in presence of Niti Aayog CEO Amitabh Kant and Bajaj Auto Managing Director Rajiv Bajaj. Read Complete Article

Bajaj Auto Bajaj Auto was the greatest washout among Sensex organizations on Friday: Disappointing profit, combined with general offering weight in the business sectors, saw the stock shed 4.9 for every penny. While its best line execution for the quarter finished December 2017 was in accordance with gauges, the organization baffled both at the working and net benefit levels. To begin with, the volume execution. The organization is trailing its associates similarly as cruiser volumes are concerned. Bajaj Auto's household bike deals became only two for every penny throughout the year-prior quarter, while peer TVS Motor announced a 27 for each penny increment in a similar period. Investigators at Jefferies said that underperformance in residential cruisers proceeded in the December quarter and remains an auxiliary worry for Bajaj Auto. While the organization keeps on doing admirably in the passage level portion with the CT and Platina models, offers of which are up 19 for ea...

Two-wheeler makers had a different ride from car manufacturers in June. Against a double-digit decline in sales volume for passenger vehicles, most two-wheeler makers clocked growth. The June performance was led by the country’s biggest two-wheeler maker, Hero MotoCorp . Hero, TVS, Royal Enfield, and Suzuki reported strong double-digit growth in sales volume for June. Price cut due to GST roll-out from July is expected to expand the market further. Hero MotoCorp, which sells every third two-wheeler in the country, reported a growth of over 13 per cent in sales volume. Its motorcycle sales volume surged 13 per cent to 547,185 units while scooter volume rose 22 per cent to 77,000 units for June. Its stock rose more than two per cent to Rs 3,777 on BSE. The company said growth in motorcycles was supported by wedding season demand. Its closest competitor and former partner Honda clocked four per cent growth in sales volume to 444,713 units. The company is the country’s sec...