Bajaj Auto to launch new variant of Pulsar

3 May 2024 , 11:01 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.

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