Bajaj Holdings and Investment Limited, promoters of Bajaj Auto, havepurchased additional shares in the company via insider trades. The promoter added 0.24% of total shares to their stake via market purchases. The company's share price rose above 4% in the last one month and is currently trading above its 200 day SMA.
Pursuant to Regulation 47 of the Securities Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, please find enclosed newspaper notice published in Financial Express (English Daily - All Editions) and Kesari (Marathi Daily - Pune Edition) which appeared on Sunday, 10 February 2019, with regard to the dispatch of notice of Postal Ballot along with Postal Ballot Form to the Members of the Company.
Pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, please find enclosed the Notice of Postal Ballot and Postal Ballot Form dated 30 January 2019 issued by the Company.
Pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, please find attached a copy of the Press release being issued by the company in respect of sales for the month of January 2019.
Strategy on entry level (M1) segment BAL took price cuts in the entry level segment in Q1FY19 to expand the lower end of market and also to gain market share. As a result, the company recorded a growth of 61% YoY in Q3FY19 as against 38% growth for the industry. CT sold over ~181,000 volumes, a growth of 77% over Q3FY18 and Platina clocked over ~195,000 units, growth of ~38% over Q3FY18. This resulted in market share improvement from 31.7% in Q3FY18 to ~37% in Q3FY19. BAL plans to occupy 45-50% of the market share in the M1 segment over the medium term. Currently, Platina sales are picking up in the near term which is profitable compared to...