Bajaj Auto Ltd.

Bajaj Auto’s promoter - Rahul Bajaj, has sold 5.6 lakh shares to his son Rajiv Bajaj in a deal worth Rs 86 crore in an open market transaction.

Recently, Bajaj Auto, the country's second largest two wheeler maker, has launched its new 150cc commuter segment motorcycle Boxer in the Andhra Pradesh market. The company has fixed a price tag of Rs 43,009 (ex-showroom, AP), while the on-road price would be Rs 50,000.

Bajaj Auto’s profit for the quarter ended June 30, 2011 rose 20.49% at Rs 711.06 crore as compared to Rs 590.15 crore for the corresponding quarter last year. Its net sales has grown by 22.73% at Rs 4586.91 crore for the quarter under review from Rs 3737.29 crore for the same quarter last year.