Bajaj Auto applies for new NBFC

Bajaj Auto (BAL) has sought RBI approval for setting up a new NBFC. The application is currently under consideration by the regulator. The proposed NBFC is for captive financing of Company’s two wheelers and three wheelers. Currently more than 40% of BAL’s vehicles get financed by Bajaj Finance (BFL, the group company), which in turn … Read more

Triumph’s Speed 400 and Scrambler 400 X unveiled, India-launch on July 5

Britain’s iconic motorcycle manufacturer, Triumph, has unveiled the first two Made-in-India, Triumph Speed 400 and Scrambler 400 X bikes. These bikes have been developed in a collaboration between the British Triumph and India’s Bajaj Auto. The bikes will be built at Bajaj’s Chakan facility in Maharashtra. The two bikes, Speed 400 and Scrambler 400X, appear … Read more

Hero MotoCorp needs to recover market share in 125cc bike segment: CFO

Hero MotoCorp on Wednesday said that the firm needs to recover its market share in the 125-cc engine motorcycle segment as it sees an opportunity in building a premium portfolio. Hero MotoCorp’s sales in the 111cc-126 cc motorcycle segment increased by 5.65 per cent year-on-year to 452,274 units in April-December of FY23, according to data … Read more

Hero finally launches VIDA Electric Scooter

After consistent delays over the last few months, Hero has kept up with the festival period launch of it’s much awaited VIDA Electric Scooter. The model is called VIDA V1 and is being offered in two variants – V1 Pro and V1 Plus. Top speed is 80 kmph, running range is indicated at 143 and … Read more

Cost of EVs to be at par with petrol-run vehicles in 2 years: Nitin Gadkari

Road transport minister Nitin Gadkari on Tuesday said rapid strides in technology and green fuel will reduce the cost of electric automobiles, bringing them at par with petrol-run vehicles in the next two years. Replying in the Lok Sabha on the demands for grants for road transport and highways ministry, 2022-23, Gadkari emphasised the need … Read more

Hamara Bajaj: Business icon who always spoke his mind dies at 83

Rahul Bajaj, chairman emeritus of Bajaj Auto, who died in Pune on Saturday of cardiac and respiratory ailments at the age of 83, wasn’t known to mince words, or give up without a fight. In 1970-71, when licences and production capacities were tightly controlled by the government, he vigorously argued his company’s case for producing … Read more