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Auto - 2 & 3 Wheelers Sector
 
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Bajaj Auto eyes sale of 4 lakh units/month going forward         3rd-Oct-2011
The sales of two-wheelers continued strong growth. Bajaj Auto sales rose 18.5% to 4.18 lakh units in September. Rajiv Bajaj, managing director of Bajaj Auto expects to do sales of nearly 4 lakh vehicles per month. However, he told CNBC-TV18 in an interview
Rahul Bajaj sells 4.35 lakh shares worth Rs 66 cr to sons       27th-Sep-2011
Bajaj Auto today said one of its promoters Rahul Bajaj has sold 4.35 lakh shares to his sons-- Rajiv and Sanjiv--in a deal worth Rs 66 crore in an open market transaction.
Rahul Bajaj sells 5.6 lakh shares of Bajaj Auto to son       26th-Sep-2011
Bajaj Auto today said one of its promoter Rahul Bajaj has sold 5.6 lakh shares to his son Rajiv Bajaj in a deal worth Rs 86 crore in an open market transaction.
Nissan says low-cost vehicle plan with Bajaj on track       20th-Sep-2011
Nissan today scotched rumours that its alliance with Bajaj Auto for developing an ultra low-cost vehicle was on a shaky ground, saying it is still in talks with the Indian auto major for the project.
Fuel price rise a bigger concern than rate hike: Bajaj Auto         19th-Sep-2011
Last week, the market saw hike in petrol prices and key rates as well. In an interview to CNBC-TV18, Rajiv Bajaj, managing director of Bajaj Auto said, these factors are very inimical to growth of any durable like automobile. “The fuel price hike is perhaps
Expect slowdown post festive season: TVS Motors         15th-Sep-2011
Venu Srinivasan, chairman and managing director of TVS Motor expects to see a slowdown post the festive season for the auto industry. The rising fuel costs and soaring interest rates are forcing automakers in India to revisit their ambitious growth plans.
HDFC Bank, TVS Motor in pact for inventory funding       7th-Sep-2011
Two wheeler maker TVS Motors has entered into a memorandum of understanding (MOU) with HDFC Bank for inventory funding for its dealers.
Hero MotoCorp to start dropping Honda brand       7th-Sep-2011
Country's largest two-wheeler maker Hero MotoCorp today said it will start dropping the Honda brand from its existing products this fiscal.
Its an upward journey in margins for Hero MotoCorp hereon       7th-Sep-2011
Speaking to CNBC-TV18 in an exclusive interview, Ravi Sud, CFO of Hero MotoCorp says that profitability and operating profit margins have bottomed-out in Q1FY12 and both will see expansion, hereon.
Govt to go ahead with sale of Scooters India: Praful Patel       6th-Sep-2011
The government today said it will move forward with the strategic sale of state-owned Scooters India Limited (SIL) and there will be some positive movement on the disinvestment proposal in the coming months.
Cautious on volume holding post festive season: TVS Motors         6th-Sep-2011
Speaking to CNBC-TV18 in an exclusive interview, HS Goindi, president-marketing, TVS Motor says that strong sales are likely to continue for the company on account of the upcoming festive season. “However, we will need to be cautious about volume holding
It's a challenge to sell 4 lakh units/month post Nov: Bajaj         2nd-Sep-2011
Though Bajaj Auto's sales rose 16% on year-on-year basis to 3.83 lakh units in August, its managing director Rajiv Bajaj isn't happy. How can he be? After all the company is still 4% short of its targeted four-lakh-a-month sales figure.
TVS Motor registers 14% growth in August 2011 sales       1st-Sep-2011
TVS Motor Company has posted a 14% growth in sales in August to 1,94,898 units, compared to 1,70,735 in the same month in the previous fiscal.
Another setback to SIL divestment: Atul Auto may pull out       22nd-Aug-2011
The government's move to divest its stake in beleaguered Scooters India Ltd is running into rough weather, with another possible bidder Atul Auto today saying it will pull out of the race if the process takes long.
Sridhar to step down as president of Bajaj's Motorcyle biz       12th-Aug-2011
Two-wheeler major Bajaj Auto today said S Sridhar President, Motorcycle business, would step down effective September 30.

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