New bikes in India by Bajaj

Bajaj Auto, the leading auto major, is believed to launch a couple of new bikes in India. Recently the company quoted by saying in media reports that it will launch another entry or executive class bike in India in January 2010. The new bike is supposed to be priced at Rs 40,000. Bajaj auto already launched a 100cc bike, Bajaj Discover 100cc, that got a tremendous response from customers. In only 50 days, over one lakh units of Bajaj Discover were sold since its launch in July, 2009. It may be recalled that at the launch of Kawasaki Ninja 250 R, the company informed to launch some new bike in higher end segment in India. Meanwhile, Bajaj Auto posted highest-ever quarterly net profit at Rs 402.83 crore in the second quarter ended 30 September, 2009. Net sales of the company grew by 15.40 per cent to Rs 2,793.22 crore for the quarter, as against Rs 2,420.27 crore reported in the same quarter a year earlier. This was largely aided by a reduction in excise duty pay-out, which dipped by 23 per cent to Rs 151 crore from Rs 197 crore.