Bajaj Finance reported a 4% increase in new loans booked during Q4 FY24, reaching 7.87 million compared to 7.56 million in Q4 FY23. However, restrictions imposed by the RBI led to a decrease of 0.80 million in new loans, specifically under E-COM and Insta EMI Card categories. The customer franchise grew to 83.64 million by […]
Bajaj Auto reported robust sales in March, driven by a significant recovery in export sales. Total sales surged by 25% year-on-year to 3.65 lakh units, compared to 2.91 lakh units in the same month last year. Domestic sales saw an 18% YoY increase to 2.2 lakh units, while export sales soared by 39% YoY to […]
Rajiv Bajaj, MD of Bajaj Auto, has confirmed the launch of India’s first CNG motorcycle by June 2024. Targeted at the mass market and eco-conscious consumers, the bike will boast aggressive pricing. It may debut under a new brand name, hinting at future CNG models. However, due to the higher manufacturing costs and specialized tanks […]
Mukand Limited, a key member of the Bajaj Group and a leading manufacturer of Alloy and Stainless-Steel long products, has entered into a groundbreaking Power Delivery Agreement (PDA) with Amplus Phoenix Energy Pvt Limited (APEPL), a PETRONAS Group entity. This collaboration marks a significant stride towards advancing clean energy solutions and sustainability in the steel […]
Bajaj Auto has achieved the third position as the most valuable automobile company in India, surpassing Mahindra & Mahindra. Bajaj Auto’s market capitalization reached Rs 2.09 lakh crore, exceeding M&M’s market value of Rs 2.03 lakh crore. Maruti Suzuki holds the top position as the most valuable automaker, followed by Tata Motors. Bajaj Auto shares […]
Bajaj Group surpasses ₹10 lakh crore in market capitalization, becoming the fifth business house in India to achieve this milestone. Bajaj Auto and Bajaj Finance have been major contributors to the group’s valuation, with Bajaj Auto gaining momentum due to the launch of Triumph Bike and Bajaj Finance witnessing a surge in shares following strong […]
Bajaj Finserv reported a 48.4% year-on-year (YoY) rise in consolidated net profit for the quarter ended June 2023 at ₹1,942.63 crore. The company’s net profit in the same quarter last year was ₹1,309 crore. The company’s revenue from operations in Q1FY24 increased 46.5% to ₹23,280 crore from ₹15,888.3 crore, YoY. “Macroeconomic conditions were stable during […]
Bajaj Finance announced a jump of 34.62% in revenue and 32% in profits for the quarter ending June 2023 with total revenues of Rs. 12,501 crores and a net profit of Rs. 3,437 crores, pushed higher by a 26% rise in Net Interest Income (NII) to Rs. 8,398 crores. The number of new loans booked […]
Triumph Motorcycles, in partnership with Bajaj Auto recently introduced Speed 400 and the Scrambler 400X roadsters in the Indian market. The brand confirmed that Triumph Speed 400 and the Scrambler 400X received an order book of 17,000 units. The production of the Triumph Speed 400 has already commenced at Bajaj Auto’s Chakan manufacturing facility in […]
Two-wheeler maker Bajaj Auto reported a 42% rise in its net profit to ₹1,665 crore in the June quarter, primarily driven by motorcycle sales in the domestic market, which managed to offset the impact of challenging conditions in the export markets. The firm posted domestic volume growth of 73% from a year ago in April-June. […]
Bajaj Allianz Life, a leading private life insurer, has announced its collaboration with ace cricketer, Shubman Gill, to take forward its brand journey. Shubman’s pursuit towards achieving excellence across all formats of the game aligns with our holistic aspirations of being a preferred Life Goal enabler of Indians through value-packed products and customer-centric services and […]
Bajaj Allianz General Insurance has decided to hold a “Festival of General Insurance” in Pune on July 3, where it will recognize outperforming insurance advisors. The General Insurance Festival of India (GIFI) will see the institution of the GIFI Awards for top-rated general insurance agents. The judging panel for the GIFI awards include Dr. S […]
Company benefitting from expansion of distribution channels, consumer segment leads growth
Bajaj Electricals posted its year on year March quarter profit which registered a profit of Rs. 28.4...
Bajaj Finance crosses ₹2 trillion market cap as shares hit fresh high
Bajaj Finance marked a new milestone on 21st May 2019. Bajaj Finance Limited, the lending and invest...