Bajaj Auto plans INR 800 cr capex in FY25, upcoming CNG bike to launch in phases

Bajaj Auto has reported 18% growth in its consolidated net profit to INR 2,011 crore during January-March 2024 quarter, as against INR 1,705 crore in the corresponding quarter of last year. The company says it has lined up a capex plan of INR 800 cr for the current fiscal majorly to cater to the capacities for three wheelers and Chetak electric scooters. It is also set to bring the new Pulsar, a model under the Chetak brand name and a CNG motorcycle in the ongoing quarter.