Latest news with #BajajAutoLtd
Mint
29-05-2025
- Automotive
- Mint
Bajaj Auto flags threat of production cuts by July if rare-earth magnet issue remains unresolved
Bajaj Auto Ltd on Thursday warned that its production can be severely affected if Chinese restrictions on rare earth magnets are not eased by July. Chinese restrictions on key rare-earth magnets posed an existential threat to the electric vehicle (EV) business, Rakesh Sharma, executive director at Bajaj Auto, said during a media briefing after the results. Worryingly for investors, Bajaj's management said that the launch timeline for the country's fourth-largest two-wheeler player's upcoming electric variants will also be impacted if the situation is not resolved. 'There is no short-term solution. Alternatives exist, but they will take time to develop," Sharma said. Last month, China started asking for end-user certificates to clear exports of rare-earth magnets, which are required in electric motors and other components used in EVs. Also Read: Ola Electric's Q4 results will be Bhavish Aggarwal's chance to set the record straight Mint earlier reported that automakers have petitioned the Prime Minister's Office, ministry of heavy industries, and the commerce ministry to raise the issue of rare earth magnets. The industry has highlighted to the government that there can be a serious threat to production lines at automobile factories if the situation is not resolved, as per three people in the know. 'Stocks are fast depleting. So far, 30 applications have been submitted to China, but none have received final approval. The Chinese government has said that final approvals will take about 45 days," Sharma said during the call. China almost entirely controls the global supply of rare earth magnets, crucial to making efficient motors. The licences are now being issued only after the companies are able to submit an array of documents, including photographs of the product where the magnets will be used and an undertaking that the product will not be used for any military application. Also Read: Nissan's global layoffs to skip India as it lines up new SUVs China's commerce ministry issues a certificate, which is valid for six months, after all documents are submitted. FY25 results strong; exports, margins rise Sharma made the comments after the release of the company's January-March and FY2025 results. The company's revenue jumped by 12% to ₹50,010 crore during the financial year due to a 7% growth in total two-wheeler and commercial vehicle sales to 4.6 million units. The company's earnings before interest taxes depreciation and amortization increased by 40 basis points to 20.2%, resulting in a 9% growth in net profit to ₹8,151 crore. During the January to March period, revenue jumped 6% to ₹12,148 crore, while net profit increased by 6% to ₹2,049 crore. 'Export performance in our key markets like Latin America was good. KTM's share in our exports was nearly nil in the quarter," Sharma said. Also Read: New Delhi is promoting hybrid cars on par with electric, upsetting EV makers Bajaj's exports during the last financial year jumped by 14% to 1.8 million two-wheelers and commercial vehicles, which helped it expand margins and post growth in the market. Going forward, the management expects that electric vehicles will continue to grow in double digits, while the more expensive 125cc motorcycle segment's growth will be double the industry average.
NBC Sports
24-05-2025
- Automotive
- NBC Sports
2025 Motocross Fox Raceway 450 Moto 2: Jett Lawrence enters second race undefeated
PALA, California: Jett Lawrence answered any lingering question about his health in the first Fox Raceway Nationals moto and set his sight on remaining perfect. In-Race Notes Hunter Lawrence earned the holeshot with Jett on his back wheel. Jett did not allow Hunter to lead the lad; he took the top spot and brought Aaron Plessinger with him. Plessinger slipped with Hunter going back around for second and Eli Tomac taking third. The top three riders failed to finish the the 2025 Supercross season with injury. Tomac took second from Hunter on the second lap and set his sight on Jett. No one other than Jett has led a lap since 2022. The last rider to do so was Tomac. More SuperMotocross News Haiden Deegan sweeps Fox National motos Chase Sexton retires after Fox Nationals Moto 1 crash Perfection: Jett Lawrence wins fifth moto in Pala Haiden Deegan wins Fox Raceway Moto 1 Fox Raceway: 450 Qualification | 250 Qualification Mikayla Nielsen wins 2025 WMX opener Fox Raceway Preview Chad Reed joins ClubMX as a consultant Betting odds set expectations for Pro MX championship Bajaj Auto Ltd secures loan, potentially for KTM
NBC Sports
24-05-2025
- Sport
- NBC Sports
2025 Motocross Fox Raceway 450 Moto 1:
PALA, California: Jett Lawrence is back on his bike, a mere three months after ACL surgery. He has not lost a tenth of a second. Dan Beaver, More SuperMotocross News Haiden Deegan wins Fox Raceway Moto 1 Fox Raceway: 450 Qualification | 250 Qualification Mikayla Nielsen wins 2025 WMX opener Fox Raceway Preview Chad Reed joins ClubMX as a consultant Betting odds set expectations for Pro MX championship Bajaj Auto Ltd secures loan, potentially for KTM Alexander Fedortsov to turn pro in MX opener Levi Kitchen renews with Pro Circuit Malcolm Stewart launches fishing apparel line
NBC Sports
24-05-2025
- Sport
- NBC Sports
2025 Motocross Fox Raceway 450 Moto 1: Jett Lawrence enters with perfect Pala record
PALA, California: Jett Lawrence is back on his bike, a mere three months after ACL surgery. He has not lost a tenth of a second. Dan Beaver, More SuperMotocross News Haiden Deegan wins Fox Raceway Moto 1 Fox Raceway: 450 Qualification | 250 Qualification Mikayla Nielsen wins 2025 WMX opener Fox Raceway Preview Chad Reed joins ClubMX as a consultant Betting odds set expectations for Pro MX championship Bajaj Auto Ltd secures loan, potentially for KTM Alexander Fedortsov to turn pro in MX opener Levi Kitchen renews with Pro Circuit Malcolm Stewart launches fishing apparel line
NBC Sports
24-05-2025
- Sport
- NBC Sports
2025 Motocross Fox Raceway 250 Moto 1: Chance Hymas takes the early lead
PALA, California: Ty Masterpool and Chance Hymas start the first moto side by side. Haiden Deegan did not get a great start. He ran sixth in the first lap. A championship resets this weekend in Pala, California, as the Pro Motocross riders prepare for 11 rounds, but this race also counts toward the SuperMotocross League seeding. It's important to finish in the top five. More SuperMotocross News Fox Raceway: 450 Qualification | 250 Qualification Mikayla Nielsen wins 2025 WMX opener Fox Raceway Preview Chad Reed joins ClubMX as a consultant Betting odds set expectations for Pro MX championship Bajaj Auto Ltd secures loan, potentially for KTM Alexander Fedortsov to turn pro in MX opener Levi Kitchen renews with Pro Circuit Malcolm Stewart launches fishing apparel line Dylan Ferrandis to miss start of Pro MX
