Now arrested in connection with the ICICI Bank loan fraud case, the Videocon chief's downfall started when he entered into the cellular service area with Videocon Telecommunications.
Domestic two-wheeler sales grew 4 per cent at 2,06,131 units as compared to 1,98,738 units in the same month a year ago, BAL said.
The private sector lender posted a 52% jump in standalone net profit at Rs 703.71 crore.
Bajaj is out with the new CT 125 it boasts being the ideal commuter bike that is built for the long haul.
Total revenue from operations rose to Rs 8,005 crore in the quarter from Rs 7,386 crore in the year-ago period, Bajaj Auto said in a regulatory filing.
Talking about the new bike, Ronin is powered by a new 225cc motor and is capable of delivering around 20 bhp of max power @ 7750 Nm and 20 Nm @ 3750 Nm of peak torque.
The setting up of Chetak Technology Ltd as a fully owned subsidiary of Bajaj Auto is expcted to aid in the research, development, production and sale of EVs.
The board of directors of the company, at its meeting held on Monday, approved the proposal for buyback of the fully paid up equity shares of the company.
Two-wheeler and three-wheeler maker Bajaj Auto has deferred its share buyback plan, which was brought before its board for consideration on Tuesday.
Chetak Technology Ltd and its vendor partners will be investing nearly Rs 750 crore in this new electric vehicle manufacturing plant.