Bajaj Auto share price rose 2.5 per cent to hit its fresh all-time high of ₹4,950 in morning trade on BSE on Monday, July 10 after suffering a loss of about 2 per cent in the previous session. The stock witnessed decent traction after the company said bookings for the newly launched motorcycles Triumph Speed 400 and Scrambler 400X crossed the 10,000 mark. As per media reports, the company is looking to ramp up production due to the strong response from buyers.
Bajaj Auto share price rose 2.5 per cent to hit its fresh all-time high of ₹4,950 in morning trade on BSE on Monday, July 10 after suffering a loss of about 2 per cent in the previous session. The stock witnessed decent traction after the company said bookings for the newly launched motorcycles Triumph Speed 400 and Scrambler 400X crossed the 10,000 mark. As per media reports, the company is looking to ramp up production due to the strong response from buyers.
As Mint reported earlier, Bajaj Auto unveiled its Triumph Speed 400 and Scrambler 400X motorcycles in India last week. The bikes were first unveiled globally on June 27. Within days of the launch, the duo reportedly got 10,000 bookings in the country. According to CNBC 18, Bajaj Triumph Speed 400 and Scrambler 400X bikes have achieved 10,000 bookings in India within 10 days of the global launch.
As Mint reported earlier, Bajaj Auto unveiled its Triumph Speed 400 and Scrambler 400X motorcycles in India last week. The bikes were first unveiled globally on June 27. Within days of the launch, the duo reportedly got 10,000 bookings in the country. According to CNBC 18, Bajaj Triumph Speed 400 and Scrambler 400X bikes have achieved 10,000 bookings in India within 10 days of the global launch.
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The Bajaj-Triumph Speed 400 costs ₹2.33 lakh (ex-showroom). The motorcycle will be available in the country by the end of July. The company, however, has not revealed the price of Scrambler 400X. It is most likely to be announced later. The motorcycle will be up for sale in October later this year.
Meanwhile, Bajaj Auto is setting up a wholly-owned subsidiary, Bajaj Auto Consumer Finance, and has applied to the Reserve Bank of India for a non-banking financial company (NBFC) licence. This follows the automaker’s erstwhile captive finance company Bajaj Finance Ltd diversifying into financing two-wheeler purchases of non-Bajaj Auto brands.
Shares of Bajaj Auto have clocked decent gains in the last one year. The stock is up 28 per cent, in sync with the BSE Auto index. Equity benchmark Sensex has gained 20 per cent in the same period. On a monthly basis, the stock has been in the green since March, with about a 5 per cent gain in July only so far.
Shares of Bajaj Auto traded 2.30 per cent higher at ₹4,940 on BSE around 10:10 am.
