Bajaj Auto Ltd.

Bajaj Auto, country's second largest two wheeler maker has launched a sports bike 'Duke 200' from its Austrian associate firm KTM's portfolio. The company has rolled out this bike at an introductory price of Rs 1.18 lakh at ex-showroom in Delhi.

The company aims to launch at least one new KTM bike every year in India. It has planned to sell 'Duke' through all its 32 pro-biking showrooms, which has now been transformed into exclusive KTM outlets. Besides, there will be 40 service centers dedicated only for KTM bikes.

The company has posted a 19.19% rise in net profit at Rs 795 crore in the quarter ended December 31, 2011 against Rs 667 crore for the same period last year. It has reported revenues at Rs 4,840 crore for the quarter under review up by 21.61% against Rs 3,980 for the same quarter a year ago.