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The Bajaj Freedom CNG motorcycle offers ~50% cost savings by significantly reducing fuel expenses, as compared to similar petrol motorcycles. The CNG tank provides a range of 200+ km on just 2 kg of CNG fuel. Additionally, it has a 2-liter petrol tank which performs as a range extender, offering over 130 km of range in case the CNG tank empties, ensuring an uninterrupted journey.
CNG combustion produces approximately 26.7% less CO2 emissions than petrol, contributing to mitigating climate change. Additionally, CNG vehicles emit 85% lower NMHC's (non-methane hydrocarbons) and 43% less NOx (nitrogen oxide).
Bajaj Auto Ltd fell 0.96% today to trade at Rs 9435. The BSE Auto index is down 0.02% to quote at 57510.94. The index is up 8.46 % over last one month. Among the other constituents of the index, Tube Investments of India Ltd decreased 0.94% and TVS Motor Company Ltd lost 0.74% on the day. The BSE Auto index went up 65.42 % over last one year compared to the 22.23% surge in benchmark SENSEX.
Bajaj Auto Ltd has added 3.88% over last one month compared to 8.46% gain in BSE Auto index and 7.76% rise in the SENSEX. On the BSE, 379 shares were traded in the counter so far compared with average daily volumes of 8438 shares in the past one month. The stock hit a record high of Rs 10037.3 on 18 Jun 2024. The stock hit a 52-week low of Rs 4544 on 14 Aug 2023.
Domestic sales rose 8% to 2,16,451 units and exports rose 1% to 1,42,026 units in June 2024.
The company's commercial vehicle sales rose 16% to 54,831 units while 2-wheeler sales rose 3% to 3,03,646 units.
While the company’s domestic sales increased by 8% to 2,16,451 units, exports rose by 1% to 1,42,026 units in June 2024 over June 2023.
During the period under review, sales of 2‐Wheelers aggregated to 3,03,646 units (up 3% YoY) and that of Commercial Vehicles added up to 54,831 units (up 16% YoY).
The company’s total auto sales for Q1 FY25 stood at 11,02,056 units, up by 7% from 10,27,407 units sold in Q1 FY24.
Bajaj Auto is engaged in the business of development, manufacturing and distribution of automobiles such as motorcycles, commercial vehicles, electric two-wheelers etc. and parts thereof.
The auto maker's standalone net profit climbed 35.11% to Rs 1,936 crore on 28.97% increase in revenue from operations to Rs 11,484.68 crore in Q4 FY24 over Q4 FY23.