The investment will be utilised to further improve sales in Brazil, the company also announced net profit in Q2 FY25 increased to ₹2,005 crore
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The investment will be utilised to further improve sales in Brazil, the company also announced net profit in Q2 FY25 increased to ₹2,005 crore
Bajaj Auto announced today that it will be investing an additional $10 million (equivalent to ₹84 crore) in its wholly owned subsidiary Bajaj Brazil (Bajaj Do Brasil Comercio De Motocicletas Ltd). The above announcement was made after the Bajaj Auto Board of Directors approved this fresh investment, which will be utilised in a phased manner to expand its Brazilian operations.
Also Read: Bajaj Pulsar N125 India Launch Tomorrow
The company claimed that the Brazil operations generated ₹250 crore in revenue over the past one year and it managed to sell close to 9,000 units of its two-wheelers in the South American nation. The Bajaj Dominar remains among the most popular bikes in the Brazilian market, whereas in India, the Pulsar is its bread and butter offering.
Few months back, Bajaj Brazil started operations at its new manufacturing facility located in the Manaus Free Trade Zone. Bajaj Brazil has a production capacity of 20,000 units at this plant. The fresh investment from Bajaj Auto could be utilised in expanding the presence of the brand in the Brazilian market through marketing and other activities to boost sales further.
Bajaj also shared that its net profit in Q2 of FY2025 has increased by 9% to ₹2,005 crore. The above figure also includes the one-time taxation impact of ₹211 crore which the company paid. Revenue for the same time period jumped massively by 21.8% to ₹13,127.5 crore.
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