Rajiv Bajaj also hinted at a 100cc CNG bike while requesting Finance Minister Nirmala Sitharaman to bring down goods and services tax (GST) on CNG vehicles to 18 percent.
Analysts at the brokerage said that, for the company, the time to triumph is right now and suggest there are multiple triggers for the growing sentiment for the two-wheeler automobile giant. A gradual recovery in the domestic two-wheeler industry, coupled with the recovery in the three-wheeler segment bode well for the company, BofA said
Once commercially available, it will take on the likes of the BMW G310 R, KTM 390 Duke, Bajaj Dominar 400, Harley Davidson X440, and Triumph Speed 400 in the Indian market.
In the Utility Vehicles segment, M&M sold its highest-ever SUVs 37,270 vehicles in the month, in the domestic market, and overall, 38,164 vehicles, including exports.