Bajaj Auto plans to invest about INR 800 crore capex in FY 2024-25 and launch the upcoming CNG motorcycle in phases. The company also aims to increase the production of Triumph motorcycles to 10,000 units by September.
Bajaj Auto ramped up its repertoire of premium brands, which includes KTM and Dominar, partnering with British bike-maker Triumph. It launched two locally made bikes under the partnership in July last year.
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Bajaj Auto targets 10,000 units monthly for Triumph motorcycles by September, with a robust financial performance driven by rural India s demand for entry-level models and steady mid-level motorcycle sales.
But all isn t rosy for the company. Bajaj also flagged that the currency situation in Egypt is bad and can t start pumping out as many units as desired.