The government has refused to relent on the deadlines it has given two- and three-wheelers for running on batteries.

The deadline for three-wheelers is 2023, and that for two-wheelers having up to a 150-cc engine is 2025.

Leading two-wheeler makers Bajaj Auto and TVS Motor Company said Monday that any plan to ban internal combustion engine three-wheelers and two-wheelers to adopt electric ones by 2025 would be "unrealistic" and "ill-timed" and derail auto manufacturing in the country.

The comments come in response to some media reports that the government was considering a proposal to ban sale of internal combustion engine (ICE) three-wheelers by 2023 and less than 150 cc two-wheelers by 2025.

Bajaj Auto has joined hands with Austrian sports bike maker KTM Industries to manufacture electric two-wheelers vehicles in the power range of 3 to 10 kW (48 volt). Under this partnership, Bajaj Auto and KTM will support different product variants - scooters, mopeds, small mopeds - under brands of both partners.

The production of Bajaj Auto and KTM electric two-wheelers will start at Bajaj's Pune plant by 2022.

Bajaj auto’s Q4FY19 Ebitda at Rs 11.6 bn was in line with estimates (Nomura: `11.6 bn, Consensus: Rs 11.8 bn). While revenues were 2% higher than our estimate, Ebitda margin at 15.7% was a bit below our estimate of 16%. Management refrained from giving any volume guidance for FY20 given tough market conditions in India. It said 3W demand is likely to remain tepid in the near term due to a slowdown in India and Egypt. 2W exports are doing well in Africa but stagnant in LatAm and declining in the Middle East.

Bajaj Auto on Friday reported a 9.2% year-on-year (y-o-y) drop in adjusted consolidated net profit to Rs 1,066.49 crore for the three months to March. In a subdued demand environment, revenues rose 9% y-o-y to Rs 7,395.19 crore, driven by a volume growth of 14% y-o-y. While domestic motorcycle sales grew 23% y-o-y, exports rose 13% y-o-y, led by a 34% increase in commercial vehicle despatches.

Bajaj Auto is set to announce its earnings for the quarter ended March 2019 (Q4FY19) on Friday. Analysts expect an impressive 14 per cent increase in volume triggered by the aggressive stance Bajaj Auto has adopted to gain market share in the entry motorcycle segment and new launches. However, the same strategy, coupled with adverse product mix, may hit its topline growth and margin.

Bajaj Auto Friday said it has launched a new version of its Avenger Street 160 model equipped with anti-lock braking system (ABS) priced at Rs 82,253 (ex-Showroom Delhi).

The new Avenger Street 160 has a single channel ABS along with a roadster design headlamp with LED DRLs, new graphics with larger insignia, black alloy wheels and rubberised rear grab, Bajaj Auto said in a statement.

MUMBAI: Bajaj Auto Ltd has made a heroic comeback in the domestic motorcycle market. The company has steadily increased its market share to 20% in the fourth quarter of FY19, after sliding to a low of 14% seven quarters ago. In doing so, it has given incumbents such as Hero Motocorp Ltd and Honda Motorcycle and Scooters India Pvt. Ltd a run for their money.

Bajaj Auto Thursday launched the 2019 edition of its premium motorcycle Dominar 400, priced at Rs 1.74 lakh (ex-showroom Delhi).

The new Dominar 400 comes with a liquid cooled 373.3cc engine that delivers significantly higher 40 PS power, up from 35 PS in the previous generation, the company said in a statement.

New Delhi: Bajaj Auto on Friday reported a 10 per cent increase in total sales at 3,93,089 units in February against 3,57,883 units in the same month last year.

The company's motorcycle sales were up 10 per cent at 3,27,985 units, against 2,97,514 units during the same period a year ago, Bajaj Auto said in a BSE filing.

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