Bajaj Auto to upgrade Pulsar range with six new models; plans to become ‘market leader’

| Leave a Comment | Markets

Shares of Bajaj Auto Limited jumped 1.4 percent to Rs 5,198 on September 18, extending gains for the third straight session, after Managing Director Rajiv Bajaj said the company plans a major upgrade of its popular Pulsar bike range. The stock has rallied over 7 percent in the last three days.

In a conversation with CNBC-TV18, Bajaj said that the company has set its sights on enhancing the Pulsar lineup with six upgrades for the new Pulsar models. The highlight is the arrival of the “biggest ever Pulsar” this financial year.

Bajaj also said that the new additions are aimed at enhancing the company’s share in the mid-segment from 30 percent, adding that the company wants to become a “market leader”.

The mid-market segment, particularly the 125-200-cc range, has been experiencing strong growth, and Bajaj Auto has been effectively leveraging this trend. The company’s market share in this segment has steadily increased, reaching an impressive 30 percent.

However, Bajaj expressed concern over the upcoming festive season and the future of the entry-level segment in the motorcycle industry, particularly 100cc motorcycles.

Bajaj noted that entry-level consumers are progressively transitioning to electric two-wheelers, impacting both conventional fuel-powered scooters and motorcycles. He suggested that this consumer segment is unlikely to revert to the growth levels seen before the Covid-19 pandemic without some form of disruptive intervention.

Key takeaways:

  • Bajaj Auto plans to upgrade its Pulsar range with six new models.
  • The company aims to become a market leader in the mid-segment.
  • Bajaj is concerned about the future of the entry-level segment in the motorcycle industry.
  • The company is seeing entry-level consumers transitioning to electric two-wheelers.

Related News

  • 22 Sep

    Technical Analysis Report for Nifty and Three Buy Calls

    The Nifty index has been on a strong uptrend in the past three weeks, but it has recently retraced some of those gains. It is now expected to oscillate within the 19,605 to 19,878 range over the next few sessions. Three stocks that look good for buying over the next 2-3 weeks are Havells India, KSB, and Gujarat Ambuja Exports. All three stocks have strong bullish momentum and are trading above their key moving averages.

  • 22 Sep

    Maruti Suzuki Stock Gains on Bullish Stance from Global Brokerages

    Maruti Suzuki stock gains on bullish stance from global brokerages Shares of Maruti Suzuki India surged on Friday after global brokerages Citi and Morgan Stanley maintained bullish stance on the counter. Both brokerages cited the company's improving product mix and attractive valuation as key reasons for their optimism. In addition, Maruti Suzuki reported strong sales performance in August 2023, with total domestic sales jumping 14 percent year-on-year and sale of utility vehicles jumping 118 percent year-on-year. Overall, the bullish stance from global brokerages and the company's strong sales performance are providing a boost to Maruti Suzuki stock.

  • 22 Sep

    PNB Gilts Hits Upper Circuit on Inclusion of Indian Bonds in JPMorgan Index

    Shares of PNB Gilts hit upper circuit on September 22, 2023, following news that India's inclusion in JPMorgan's bond index is seen driving billions of dollars of inflows. The index provider will add Indian bonds to its widely-tracked emerging market index starting June 28, 2024. PNB Gilts is a primary dealer in government securities and other fixed-income instruments. The inclusion of Indian bonds in JPMorgan's index is expected to attract significant foreign inflows, which is likely to benefit PNB Gilts and other primary dealers in government securities.

  • 22 Sep

    Indian Bond Markets to Remain Stable in Near Term After JPMorgan Inclusion

    Indian bond markets are expected to remain stable in the near term after JPMorgan's inclusion of India in its widely tracked emerging market debt index, according to BlackRock's head of Asia Pacific fixed income, Neeraj Seth. Seth expects inflows of around $20 billion to $25 billion into India after the maximum weight threshold is achieved on the GBI-EM index. Given the size of the global government bond market, this is relatively small and is unlikely to have a significant impact on volatility.

  • 22 Sep

    Indian market drops on September 22 despite inclusion of Indian bonds in JP Morgan index

    Indian benchmark indices Sensex and Nifty fell for the fourth consecutive day on September 22, despite the inclusion of Indian bonds in the JP Morgan Government Bond Index-Emerging Markets (GBI-EM) global index suite from June 2024. The market is expected to remain volatile in the near term, with key support at 19,600 for Nifty.

Leave a Reply

Your email address will not be published. Required fields are marked *