Bajaj Auto reports highest-ever quarterly revenue and profit as domestic demand, exports recover
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The company reported a standalone profit of Rs 1,556 crore for the quarter, a year-on-year growth of 23%. Analysts tracked by Bloomberg had a consensus estimate of Rs 1,373 crore.
Revenue was up 17% year-on-year to Rs 8910 crore.
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Mumbai: Two- and three-wheeler major
Bajaj Auto beat the street estimates to report its highest-ever quarterly revenue and profit during the October-December period on the back of sharp demand recovery, especially in exports, and higher consumer preference for its high-margin premium vehicles.
The company reported a standalone profit of Rs 1,556 crore for the quarter, a year-on-year growth of 23%. Analysts tracked by Bloomberg had a consensus estimate of Rs 1,373 crore.
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India needs Elon Musk’s Tesla as well as local electric cars to compete here’s what Finance Minister’s Budget 2021 may do
India needs Elon Musk’s Tesla as well as local electric cars to compete here’s what Finance Minister’s Budget 2021 may do
Navdeep YadavJan 14, 2021, 15:49 IST
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In the year when billionaire Elon Musk-led Tesla is planning to enter India, the EV will be watching Finance Minister Nirmala Sitharaman’s Union Budget 2021 very closely.
India has been trying to get its strategy to push electric vehicles at least since 2015 but only with limited success.
In the February 2020 budget, Sitharaman had set a target of 2,600 new charging stations across India, but the progress is likely to have been set back by the COVID-19 lockdown.