Bajaj Auto Board Approves Buyback Programme Worth Rs 2,500 Crores
Bajaj Auto Ltd approved a share buyback programme for an aggregate amount of up to Rs 2,500 crore. On June 27, the Bajaj Board of directors held a meeting and approved the buyback of the fully paid-up equity shares with a face value of Rs 10 each from existing shareholders. However, the buyback will not exceed Rs 4,600 per equity share and an aggregate amount of Rs 2,500 crores.
Tags: Bajaj Auto, Shares, Buypack, Board Meeting, Crores
Courtesy: Press Trust of India
Bajaj Auto Inaugurates New EV Plant At Pune's Akrudi
Bajaj Auto inaugurated its newly built EV manufacturing plant at Pune's Akrudi. The new plant is expected to receive an investment of Rs 750 crore and spreads over half a million square feet. Moreover, the new plant is expected to generate employment for 11,000 people. The plant was inaugurated on June 10, on the birth anniversary of late Shri Rahul Bajaj.
Tags: Bajaj, Bajaj Auto, Pune, Akrudi, Rahul Bajaj
Courtesy: Hindustan Times Auto
Bajaj Auto Former Chairman Rahul Bajaj Passes Away
Rahul Bajaj (83), the former Chairman of Bajaj Group, died on February 12. "It is with deep sorrow, I inform you about the passing away of Shri Rahul Bajaj, husband of late Rupa Bajaj", said Bajaj Group. Rahul Bajaj died while undergoing treatment for Pneumonia. Meanwhile, Rahul Bajaj, who resigned as Bajaj Chairman in 2021, held the position for 40-years and was also an awardee of Padma Bhushan (2001).
Tags: Bajaj Auto, Rahul Bajaj, chairman, pneumonia, Businessman
Courtesy: India Today
Updated Dominar 400 Launched At Rs 2.16 Lakh In India
The updated version of Dominor 400 has been launched in India by Bajaj Auto. The bike is equipped with a 373.3cc engine which produces 40 PS of power. Reportedly, the company has made it more comfortable for city riders and long-distance tourers, pricing at Rs 2.16 lakh (ex-showroom). ''Customers have pushed the bike into long-distance...which inspired us to strengthen...the new Dominar,'' said Narayan Sundararaman from Bajaj Auto.
Tags: Dominar 400, Bajaj Auto, India, New Bajaj Dominar
Courtesy: Business Standard
Bajaj Pulsar 250 To Arrive Before Diwali; Features, Price & More
Bajaj Auto confirmed the launch of Bajaj Pulsar 250 on October 28, a week before Diwali. Experts believe that the 250cc single-cylinder oil-cooled engine will put out 28hp and 20NM of peak torque. Pulsar 250 comes with a projector headlamp, monoshock rear suspension, telescopic front forks, alloy wheels and other exciting features. The motorcycle is expected to be priced around Rs 1.50 lakh (ex-showroom).
Tags: Bajaj Auto, Bajaj Pulsar, Bajaj Pulsar 250, Diwali
Courtesy: Hindustan Times Auto
Separate Subsidiary For EVs Worth Rs 100 Cr Proposed: Bajaj Auto
In a race to win the Electric Vehicles (EV) space in the market, Bajaj Auto, India's leading two-wheeler manufacturer and exporter is planning to set up a fully-owned subsidiary in the electric and hybrid two-wheeler, three-wheeler, and light four-wheeler categories. It will propose an authorized capital of Rs 100 crore, the company said. The name of the entity and approval from the Ministry of Corporate Affairs is still pending.
Tags: Indian Automobile Industry, Technology, Bajaj Auto, Electric Vehicles
Courtesy: The Economic Times
Bajaj Becomes First Auto Makers To Touch 1 Lakh Crore Market Value
The Bajaj Auto has become the first two-wheeler firm in the world to have a market capitalization of Rs 1 lakh crore. The automaker recently achieved this feat as its share value closed with a considerable increase in the stock market. Besides, the feat became special as Bajaj is celebrating their palladium anniversary. Rajiv Bajaj said the company’s focus on motorcycle segment and global ambitions have helped them reach this zenith.
Tags: Bajaj Auto, Pune, aurangabad, Uttarakhand, Two wheeler
Courtesy: Financial Express
Parle-G Decides To Cut Ties With News Channels Airing Toxic Content
After Bajaj Auto, Parle Products decided to stop airing their advertisements on the news channels promoting 'toxic content'. The company stated that they would not like to advertise on channels that promote aggression and toxicity, and asserted that it does not favour their target audience. The officials from the company said, "We are exploring possibilities wherein other advertisers can come together for putting restraint advertising spends… read-more
Tags: Parle-G, Bajaj Auto, Advertising, News Channels, Toxicity