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Indian-Commodity  :  Equity & Shares  :  Bajaj Auto speeds up on launching 100 cc motorcycle 'Discover 100T'

Bajaj Auto speeds up on launching 100 cc motorcycle 'Discover 100T' (08-Jan-2013)

Bajaj Auto is currently trading at Rs 2205.90, up by 12.35 points or 0.56% from its previous closing of Rs 2193.55 on the BSE.

The scrip opened at Rs 2205.00 and has touched a high and low of Rs 2208.75 and Rs 2172.00 respectively. So far 4703 shares were traded on the counter.

The BSE group 'A' stock of face value Rs 10 has touched a 52 week high of Rs 2228.95 on 03-Jan-2013 and a 52 week low of Rs 1410.00 on 16-Jan-2012.

Last one week high and low of the scrip stood at Rs 2228.95 and Rs 2121.00 respectively. The current market cap of the company is Rs 63474.10 crore.

The promoters holding in the company stood at 50.02% while Institutions and Non-Institutions held 25.08% and 24.87% respectively.

Bajaj Auto has strengthen its portfolio by unveiling a new 100 cc motorcycle 'Discover 100T' which has been priced Rs 50,500 at ex-showroom New Delhi. The Discover 100 T is powered by a patented four-valve DTS-i technology engine which delivers 10.2 ps of power.

The new bike is 30% more powerful than other motorcycles in this segment and it delivers a fuel efficiency of 87 kilometres per litre. The engine is coupled with five-speed gear box and auto choke for easy start in all weather conditions. The new Discover comes with a muscular tank and macho-looking headlamp, along with 10-spoke alloy wheels.

Bajaj Auto registered a 13% rise in its total vehicle sales (excluding exports) in the month of December. The company sold 3, 43,946 units in December 2012 as compared to 3,05,690 units in the same month last year, while the company's sales from export surged by 5% to 1,26,016 units from 1,19,708 units in December 2011. The company sold 45,596 units of Commercial Vehicle (CV) in December 2012, registering gains of 9% as compared to 41,991 in December 2011. Moreover, the total motorcycle sales for the month also surged 13% at 2, 98,350 units from 2, 63,699 units.


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