Read more about Eicher Motors sold 53,298 motorcycle units in April 2021 on Business Standard. Due to the nationwide lockdown in April 2020, there was no sale recorded in April 2020 barring 91 units of export.
As the second wave of COVID-19 continues to wreak havoc across the country, leading automobile companies have initiated various steps to safeguard their workforce from the highly infectious disease. With a spike in the number of cases, companies like Maruti Suzuki, MG Motor, Hero MotoCorp and Honda Motorcycle & Scooter India have already announced temporary suspension of production work at their respective manufacturing facilities to break the transmission chain. Others, who are still manufacturing, are taking multiple precautions like cutting down on the production by reducing the number of people in the factories as well undertaking various welfare schemes. The country s largest automobile company Tata Motors told PTI that the company remains vigilant about the evolving COVID situation and has scaled up efforts to enhance the well-being of its personnel and its business as well as supporting the ecosystem.
Bajaj Auto announced that Rahul Bajaj has tendered his resignation as Non-Executive Director and Chairman of the Company with effect from close of business hours on 30 April 2021.
The Board has approved the appointment of Rahul Bajaj as Chairman Emeritus of the Company for a term of five years with effect from 1 May 2021.
Niraj Bajaj, Non Executive Director of the Company has been appointed as Chairman of the Company with effect from 1 May 2021.
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Bajaj Finance s consolidated net profit jumped 42% to Rs 1,347 crore on 5% decline in total income to Rs 6,855 crore in Q4 FY21 over Q4 FY20. The NBFC s new loans booked during Q4 FY21 stood at 5.47 million, down by 9% over 6.03 million in Q4 FY20. Customer franchise as of 31 March 2021 was at 48.57 million compared with 42.60 million as of 31 March 2020. Bajaj Finance acquired 2.26 million new customers in Q4 FY21 compared with 1.85 million in Q4 FY20.
Axis Bank reported net profit of Rs 2677 crore in Q4 FY21 compared with net loss of Rs 1387.78 crore in Q4 FY20. Total income during the quarter declined marginally by 0.03% to Rs 20,213.46 crore in Q4 FY21 over Q4 FY20. The bank posted a pre-tax profit of Rs 3569.67 crore in Q4 FY21 compared with pre-tax loss of Rs 1878.91 crore in Q4 FY20.