Bajaj Auto price hike: Bajaj Auto has announced that it will increase the price of bikes in a bid to shock customers. The company said a decision on how much the price would be raised would be made very soon.
Earlier, the country’s largest carmakers Maruti and Tata Motors had announced price hikes. Companies say they had to take this step due to rising prices.
Fall in sales
Sales of Bajaj Auto in December 2021 fell 3 percent to 362,470 units. One year ago in December 2020, sales were 3,72,532 units. At the same time, sales in November 2021 were 379,276 units.
Rise in corporate stocks
Experts say shares of the company have recovered after Bajaj announced the news of the price hike. Many stockbrokers have said the company’s shares will see improvement in the coming days.
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Sales of the country’s two largest auto companies
In 2021, the total sales of Hero MotoCorp motorcycles was 2.80 lakh. The company’s growth rate in 2021 was more than 71 percent compared to 2020. From this one can assess how the company has grown in overseas markets.
Although there has always been a demand for two-wheelers in the Indian market, its impact is now being felt abroad as well. For decades, the company has been presenting many of the best models to customers one after the other.
It is for this reason that it has advanced far in popularity compared to other two-wheeler companies. Hero MotoCorp is set to launch its first electric vehicle in March this year. It’s already exciting about people.
Automobile companies have released sales figures for December 2021. Maruti Suzuki India, the country’s leading car maker, has released its December 2021 sales report for MSI (Maruti Suzuki India). In December 2021, the company’s sales fell four percent to 1,53,149 vehicles.
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