[NEWS INDIA]: Bajaj plans Rs 500-cr capex in 18 months; new Pulsar by January - xBhp.com : The Global Indian Biking Community

NewsReaper · 10-24-2011, 10:43 AM

MUMBAI: The country's second-largest motorcycle-maker Bajaj Auto will invest Rs 500 crore to add capacity and develop a new variant of the flagship Pulsar over the next 18 months.

"We are investing Rs 500 crore till FY'13 for expansion. We had already spent Rs 150 crore last year," Bajaj Auto Finance President Kevin D'sa told reporters here today.

The proposed capex will include development cost of the new Pulsar, which will be based on a new technology, and will be launched in December/January, the company Managing Director Rajiv Bajaj told reporters a day after announcing the Q2 numbers.

The company reported a muted 6 per cent rise in net income to Rs 726 crore for the September quarter on a revenue of Rs 5,342 crore, which rose 21 per cent as its sales volume grew 16 per cent to 1,164,137 units.

The lower numbers were primarily due to a forex loss of Rs 95 crore on valuation of forward contracts that were charged to the profit and loss account in this quarter.

With production of over 2.25 million units in the first half, the Pune-based company believes the momentum is in place to end the year at around 4.5 million units. "We expect to produce about 4.5 million vehicles and hope exports will surpass 1.5 million units this fiscal," Bajaj said. Exports make up 35 per cent of total sales, he added.

Bajaj pointed out that there are concerns, specifically in terms of domestic motorcycle market share.

"Our market share is going to stay at 27 per cent for now, but as the Boxer catches on and as we introduce the new Pulsar in January, I certainly hope that we will gain market share. I hope for 30 per cent market share by the time we finish this year," he said.

As to exports, he said Latin America and African markets will be the future growth drivers. Bajaj is present in Argentina, Columbia and Peru, and is looking at entering into Brazil.

"Brazil is a very competitive market and we are looking at devising business model there," International Business Head Rakesh Sharma said. It is also eyeing Thailand and Vietnam, but has no plans to enter into the Chinese market due to intellectual property rights issues, Bajaj said.

Bajaj received Rs 860 crore in August and is expected to get another Rs 240 crore in the next couple of days, out of Rs 1,100-crore outstanding VAT refunds, D'sa said.

The Bajaj counter gained 1.72 per cent to Rs 1,641.30 on the BSE.

Source - Bajaj plans Rs 500-cr capex in 18 months; new Pulsar by January - The Economic Times

Vijay1911 · 10-24-2011, 11:30 AM

Every Pulsarian and pulsar fan will be happy now!!!

Cyber Don · 10-24-2011, 12:34 PM

finally! new pulsar in jan! i hope its the 250! :|

vikhyath · 10-24-2011, 06:43 PM

Bajaj has been failing to meet the dates set by the company itself. Nevertheless, hope they stick to this schedule.

Samarth 619 · 10-24-2011, 11:00 PM

Ok, it would be launched in December/ Jan, but will they unveil it earlier, like in November or so?

I smell something fishy about the new Pulsar: All this while, Duke 200 was spotted multiple times, but the Pulsar wasn't spotted even once... Why?
Could this mean that the new Pulsar be just a Duke 200 without liquid cooling and FI?

I.S.Avinash · 10-25-2011, 03:45 AM

Quote:

Originally Posted by Samarth 619

Ok, it would be launched in December/ Jan, but will they unveil it earlier, like in November or so?

I smell something fishy about the new Pulsar: All this while, Duke 200 was spotted multiple times, but the Pulsar wasn't spotted even once... Why?
Could this mean that the new Pulsar be just a Duke 200 without liquid cooling and FI?

That's a good point bro, Even Till now we didn't see a Glimpse of new pulsar.something Fishy

Satyamzma · 10-25-2011, 09:36 AM

Quote:

Originally Posted by I.S.Avinash

That's a good point bro, Even Till now we didn't see a Glimpse of new pulsar.something Fishy

It's a Top Secret

vrugonnab · 10-25-2011, 10:01 AM

May be they were testing all those engines in Duke's styling?? I mean, anyways next gen Pulsars are going to be on the same platform as that of Duke series.. so who will know if they were testing Pulsar's engine/chasis in Duke's clothes!

darkknight · 10-25-2011, 01:10 PM

something surprising

& if this is what it is with a 250cc mill -- I am selling off the CBR

veryhiphop · 10-25-2011, 03:07 PM

Quote:

Originally Posted by darkknight

something surprising

& if this is what it is with a 250cc mill -- I am selling off the CBR

This image is been circulating though out a internet...seems to be fake...

BTW...are you having a CBR250?

10-24-2011, 10:43 AM	#1 (permalink)
NewsReaper Official xBhp NewsMonger Join Date: Sep 2008 Location: India Posts: 454	Bajaj plans Rs 500-cr capex in 18 months; new Pulsar by January MUMBAI: The country's second-largest motorcycle-maker Bajaj Auto will invest Rs 500 crore to add capacity and develop a new variant of the flagship Pulsar over the next 18 months. "We are investing Rs 500 crore till FY'13 for expansion. We had already spent Rs 150 crore last year," Bajaj Auto Finance President Kevin D'sa told reporters here today. The proposed capex will include development cost of the new Pulsar, which will be based on a new technology, and will be launched in December/January, the company Managing Director Rajiv Bajaj told reporters a day after announcing the Q2 numbers. The company reported a muted 6 per cent rise in net income to Rs 726 crore for the September quarter on a revenue of Rs 5,342 crore, which rose 21 per cent as its sales volume grew 16 per cent to 1,164,137 units. The lower numbers were primarily due to a forex loss of Rs 95 crore on valuation of forward contracts that were charged to the profit and loss account in this quarter. With production of over 2.25 million units in the first half, the Pune-based company believes the momentum is in place to end the year at around 4.5 million units. "We expect to produce about 4.5 million vehicles and hope exports will surpass 1.5 million units this fiscal," Bajaj said. Exports make up 35 per cent of total sales, he added. Bajaj pointed out that there are concerns, specifically in terms of domestic motorcycle market share. "Our market share is going to stay at 27 per cent for now, but as the Boxer catches on and as we introduce the new Pulsar in January, I certainly hope that we will gain market share. I hope for 30 per cent market share by the time we finish this year," he said. As to exports, he said Latin America and African markets will be the future growth drivers. Bajaj is present in Argentina, Columbia and Peru, and is looking at entering into Brazil. "Brazil is a very competitive market and we are looking at devising business model there," International Business Head Rakesh Sharma said. It is also eyeing Thailand and Vietnam, but has no plans to enter into the Chinese market due to intellectual property rights issues, Bajaj said. Bajaj received Rs 860 crore in August and is expected to get another Rs 240 crore in the next couple of days, out of Rs 1,100-crore outstanding VAT refunds, D'sa said. The Bajaj counter gained 1.72 per cent to Rs 1,641.30 on the BSE. Source - Bajaj plans Rs 500-cr capex in 18 months; new Pulsar by January - The Economic Times

10-24-2011, 12:34 PM	#3 (permalink)
Cyber Don Fellow Pulsar Maniac Join Date: May 2011 Posts: 85	finally! new pulsar in jan! i hope its the 250! :\| __________________ Why Biking? Because all other sports need only one BALL!!

10-25-2011, 10:01 AM	#8 (permalink)
vrugonnab Senior Member Join Date: Oct 2009 Location: Marathalli, Bangalore Posts: 1,012	May be they were testing all those engines in Duke's styling?? I mean, anyways next gen Pulsars are going to be on the same platform as that of Duke series.. so who will know if they were testing Pulsar's engine/chasis in Duke's clothes! __________________ Let's bring down the monster of corruption to it's knees.. please visit http://ipaidabribe.com/

10-25-2011, 01:10 PM	#9 (permalink)
darkknight RAJE Join Date: Oct 2008 Location: Panvel , Navi Mumbai Posts: 3,352	something surprising & if this is what it is with a 250cc mill -- I am selling off the CBR Attached Thumbnails __________________

Thread Tools
Show Printable Version Email this Page
Rate This Thread
Rate This Thread:

10-24-2011, 11:30 AM	#2 (permalink)
Vijay1911 Senior Member Join Date: Jul 2010 Location: Rajkot, Gujarat Posts: 107	Every Pulsarian and pulsar fan will be happy now!!!

10-24-2011, 06:43 PM	#4 (permalink)
vikhyath Senior Member Join Date: May 2011 Posts: 463	Bajaj has been failing to meet the dates set by the company itself. Nevertheless, hope they stick to this schedule.

10-24-2011, 11:00 PM	#5 (permalink)
Samarth 619 Moderator Join Date: Sep 2008 Location: Rajasthan Posts: 2,801	Ok, it would be launched in December/ Jan, but will they unveil it earlier, like in November or so? I smell something fishy about the new Pulsar: All this while, Duke 200 was spotted multiple times, but the Pulsar wasn't spotted even once... Why? Could this mean that the new Pulsar be just a Duke 200 without liquid cooling and FI?

Similar Threads
Thread	Thread Starter	Forum	Replies	Last Post
[NEWS INDIA]: Bajaj plans 5-millionunit ramp up by Oct -New Pulsar to be launched in September 2011	romeoinvisible5	News	484	11-25-2011 12:16 PM
[NEWS INDIA]: Bajaj Auto to add 130 new dealers; plans big launch by Apr	romeoinvisible5	News	43	02-03-2011 01:28 PM
[NEWS INDIA]: Bajaj Auto bike sales up 112% in January	Sumit_Singh	News	5	03-06-2010 05:26 PM
[NEWS INDIA]: Bajaj Vehicles To Get Expensive from January 2010	ketan_r15	News	1	12-22-2009 11:10 AM
NEWS: Bajaj future plans	SKSy_Biker	News	23	06-09-2004 06:33 AM

Register Now for FREE!
Are you registered on xBhp yet? If not, do so now and start participating to be able to share photos and experiences with other members. It will also enable to you have a chance to be a part of xBhp contests and roadtrips in the future! Username: Password: Confirm Password: E-Mail: Confirm E-Mail: Birthday: Image Verification I agree to forum rules