|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's Range||2,975.00 - 3,019.00|
|52 Week Range||1,788.65 - 3,315.15|
|Beta (5Y Monthly)||0.88|
|PE Ratio (TTM)||18.89|
|Forward Dividend & Yield||180.00 (6.02%)|
|Ex-Dividend Date||Mar 03, 2020|
|1y Target Est||2,857.20|
Bajaj Auto <BAJA.NS> is betting that an early recovery from the ravages of COVID-19 in motorcycle sales in its export markets will help it offset pandemic-related disruption at home, its chief financial officer said. "All our export markets were also affected but recovery has been better (there) than in India," Soumen Ray told Reuters in an interview late on Wednesday. Bajaj plans to open an assembly plant in Brazil within 18 months, as well as a design office in Thailand to handle sales for the ASEAN region, and another design office in Europe, Ray said.
Workers at Bajaj Auto, India's biggest exporter of motorbikes, are demanding the temporary closure of one of its plants after 250 employees there tested positive for coronavirus, its unions said on Saturday, as companies struggle to ramp up operations. India went into complete lockdown in late March to curb the spread of the virus but it has recently eased restrictions despite the number of cases surging, putting some companies in a difficult position as they try to revive production. The Bajaj Auto factory affected is located in western Maharashtra, the state with the highest number of cases of COVID-19, the disease the virus causes.
Yulu, a Bangalore-based electric bike sharing platform that maintains a partnership with Uber, said today it has won the backing of one of the country’s largest automakers. The two-year-old startup said it has entered into a strategic partnership with Bajaj Auto, which has also funded Yulu’s $8 million Series A financing round. As part of the partnership, Bajaj will co-design and manufacture future generation of Yulu two-wheelers, Amit Gupta, cofounder and chief executive of Yulu, told TechCrunch in an interview.