SENSEX
NIFTY 50
Hang Seng
Taiwan Weighted
MCX GOLD DEC 05
MCX SILVER DEC 05
USD/INR
EUR/INR80.0630

SENSEX
NIFTY 50
NIFTY MIDCAP 100
S&P BSE MIDCAP
Hang Seng
Taiwan Weighted
DAX
Nasdaq
MCX GOLD DEC 05
MCX SILVER DEC 05
MCX CRUDEOIL NOV 16
MCX NATURALGAS OCT 26
USD/INR
EUR/INR
GBP/INR
JPY/INR

Closing Bell: Sensex ends 155 points lower, Nifty below 14,850; bank and energy sectors down 1%

Asia shares loiter as S&P futures climb fresh peak

Oil edges up on weak dollar; investors weigh rising supplies, demand outlook

Explained: Why rupee weakened after RBI's G-SAP announcement?

Expect sale of over 4 lakh units in March, says Bajaj Auto

Updated : March 01, 2021 11:45 AM IST

Bajaj Auto overall sales are below street estimates. Rakesh Sharma, ED, Bajaj Auto, discussed the numbers and shared his outlook for the business going forward.

“The numbers have been slightly disappointing but when we look at the way demand panned out for us, it is very encouraging sign,” he said.

The company had a retail growth of more than 6 percent for the month of February. “We are deliberately clearing stocks. This month we embarked upon a major slew of initiatives, we are now attacking very aggressively the entry level. February onwards, we have now trained our sights on entry level and we have a very good response,” he added.

Bajaj Auto lost about 20 percent in its high-end KTM bikes both in India and overseas. “When you put all this together, I would say we should have looked at a number above 4 and I think we should be looking at a number above 4 in March,” he pointed out.

In terms of price increases, he stated, “We have taken price increase in the last quarter. Almost everyone in the industry has accompanied them with a little bit of tactical scheme here and there and the full impact is not felt by the consumers. The forthcoming raw material price increases will have to be carefully looked at. We are looking at it, not from an overall point of view but segmentally.”

“Our approach would be – which ties in with our basic strategy of trying to upgrade the market at any level and every segment. So increase the prices but also strengthen the proposition and try to offer the customer a little bit more,” he mentioned.

However, he believes it would be very difficult to pass on the entire slug at one-go.

For entire management commentary, watch the video.

Published : March 01, 2021 11:45 AM IST

You May Also Like

India's COVID-19 active cases breach 11-lakh mark for first time, record daily high of 1,52,879

India's COVID-19 active cases breach 11-lakh mark for first time, record daily high of 1,52,879

Mcap of four of 10 most valued companies jump over Rs 1.14 lakh crore

Mcap of four of 10 most valued companies jump over Rs 1.14 lakh crore

Ranchi-based start-up Puresh Daily raises Rs 1.2 crore seed fund

Ranchi-based start-up Puresh Daily raises Rs 1.2 crore seed fund

Trending on CNBC-TV18

Live TV

recommended for you