Riding on its green energy portfolio, Bajaj Auto on Wednesday reported a net income of Rs 2,005 crore in the July-September quarter (Q2 FY25), up 9 per cent from a year-ago period.
Electric 2W volumes crossed the 1,00,000 mark last month while E3W volumes reached a new peak of 63,000, according to the report by BNP Paribas India.
The two-wheeler giant’s revenue during the quarter jumped 16 per cent to Rs 11,932 crore compared to the same period of 2023-24 on the back of robust vehicle sales and record spares revenue.
The extension of the free service period is applicable on all two-wheelers and commercial vehicles.
"The initial output from this manufacturing impetus will see the first of these shared platform vehicles beginning of 2022," it added.
Total motorcycle sales were at 3,38,584 units last month as against 284,802 units in December 2019, up 19 per cent.
The proposed investment further reinforces the commitment of Bajaj Auto to the State of Maharashtra where the journey began.
Domestic sales stood at 281,160 units last month, as against 278,776 units in October last year, up 1 per cent, it added.
The company reported total volumes of 10,53,337 units in second quarter, down 10 per cent from 11,73,591 units in July-September quarter of 2019-20
This decision should serve as a wake-up call to outlets that have made it their business to garner viewers based on one-sided reportage that is often more an outpouring of the channel’s bias than a reflection of facts on the ground.
