Bajaj Auto to launch new variant of Pulsar

3 May 2024 , 11:29 AM

Bajaj Auto witnessed a 1% rise in share price to ₹9,242 on May 3, ahead of the launch of a new variant of its popular motorcycle, Pulsar. FY24 proved remarkable for Pulsar. It achieved its highest-ever volume and attained the significant milestone of becoming a ₹10,000-Crore brand.

Bajaj Auto shares traded at ₹9206.85, marking a 1.06% gain from the previous close, with a notable 107.00% increase over the past year and a 37.39% rise since the beginning of the year.

In a conference call post-Q4 results, Bajaj Auto announced plans to launch six new models in the first half of FY25, starting with the NS400 Pulsar, featuring a 373cc engine—the largest yet in the Pulsar lineup.

The company aims to maintain a “relentless pace” in innovation and market presence, with the introduction of the world’s first CNG-powered motorcycle, targeting a significant reduction in commuting costs.

Management emphasized tapping into the mileage-conscious customer segment spanning 100cc to 125cc commuters, with over 60% coverage by CNG infrastructure, presenting an enticing opportunity for growth.

Bajaj Auto’s shares have surged by 33% since January and nearly doubled over the last 12 months, outperforming both the NSE Nifty 50 and rivals like Hero MotoCorp and Eicher Motors.

For feedback and suggestions, write to us at [e-mail]