Bajaj Auto today reported a 9% increase in motorcycle sales at 2,35,282 units in February 2016.

The company had sold 2,16,077 units in the year ago period.

Two-wheeler major Bajaj Auto reported a 5% growth in net profit at Rs 901 crore for the quarter ended December 2015. It was Rs 861 crore in the same period a year ago.

However, sales declined 2% to Rs 5,564 crore as against Rs 5,657 crore in December 2014.

Bajaj Auto on Monday unveiled a 150 cc bike ‘V’, which contains metal from India’s first aircraft carrier INS Vikrant.

The commuter segment bike is expected to be priced between Rs 60,000 to Rs 70,000.

Indian naval ship (INS) Vikrant, the first aircraft carrier, which played a pivotal role in the 1971 Indo-Pak war, has made its way into a commuter bike to be launched by Bajaj Auto next month.

The Pune-based, India’s most valued two- and three-wheeler maker, will launch a 150-cc motorcycle on February 1 christened ‘V’ which is built from metal used in the country’s most celebrated aircraft carrier.

The Bajaj Auto stock was down over three per cent on worries that further adverse currency movement in its key markets like Nigeria could hurt the company's revenues and margins. Nigeria, which accounts for over two-thirds of its Africa exports, is the single largest export market for Bajaj Auto with more than than a third of its export volumes going into that country. Why Nigeria and other key export markets such as Egypt are important is because exports constitute a major portion of the company's revenues at about 45 per cent and an even higher portion of operating profit given these markets fetch better margins.

Despite a string of brand failures around it, Pulsar has managed to stand out from the crowd. With not less than eight models under its fold, Pulsar has been the most hardworking brand for Bajaj Auto, India's second-largest two-wheeler manufacturer.

After a three-year hiatus, the Pune-based company launched three Pulsar models in quick succession during the last calendar year.

Bajaj Auto Ltd, India’s largest exporter of motorcycles and three wheelers, will enter a dozen new export markets by end of March, a top company official said in an interview on Tuesday.

The maker of Pulsar and Avenger motorcycle brands has reported a decline in exports volume in the last few months because of political and economic uncertainties in some of its export markets, particularly in oil-producing emerging markets.

Bajaj Auto today reported a marginal decline in total sales in December at 2,89,003 units as against 2,89,244 units during the same month last year.

However, motorcycle sales during the month increased by 1% to 2,47,782 units as against 2,46,233 units in the same month in 2014, the company said in a regulatory filing.

Bajaj Auto and UPL Limited shares were trading lower on Friday in morning trade tracking Argentina’s peso that plummeted 26.5 per cent after the country lifted currency controls. Argentina’s new government floated the currency as part of a slew of free-market reforms aimed at revitalising the stagnant economy.

Bajaj Auto gets nearly 20 per cent of its revenue from exports to Latin America. According to UPL’s annual report, Argentina contributed Rs 330 crore in FY15 revenues.

Bajaj Auto today reported a marginal increase in total sales in November at 3,09,673 units as against 3,09,259 units in the same month last year.

Motorcycle sales during the month increased 3.4% to 2,70,886 units as against 2,61,948 units in November last year, the company said in a statement.

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