In order to revive demand, country’s second largest two-wheeler maker, Bajaj Auto has slashed the prices of its products in Sri Lanka by 10-15% to compensate for a recent import duty hike in that country. The hit due to the price cut will be shared between the company and the dealers. However, the ratio of sharing of the price cut remains undisclosed.
The company had hiked the prices of motorcycles and three-wheelers by 29% and 32%, respectively, in Sri Lanka post local government in April increased import duty on vehicles to curb high import expenditure and the fuel bill.
Slashing prices in the country was essential for the company since Sri Lanka, accounts for almost 5-7% of the total volumes of the company. Sri Lanka government hiked the duties on cars from 120-291% to 200-350%, on three-wheelers from 51-61% to 100%, while import duty was hiked for two-wheelers from 61% to 100%.
Meanwhile, the company, reported a dip in June sale figure by 6% at 3,45,162 units against 3,66,657 in the same month last year. However, the exports for the month declined by 18% and the numbers of units sold were 1,16,062 units against 1,42,124 in the same period last year.
| Company Name | CMP |
|---|---|
| Bajaj Auto | 9471.50 |
| Hero MotoCorp | 4791.20 |
| TVS Motor | 2414.00 |
| Eicher Motors | 4982.70 |
| Atul Auto | 547.25 |
| View more.. | |
MoneyWorks4Me rating and ranking of funds for SIP is available to subscribers only. Moneyworks4Me is not a rating and ranking agency, however it is required that users have a way of selecting funds and building a Portfolio. The method used by it are described below to enable users to understand the logic behind the rating and ranking Subscriber will find more details on this in the various content made available from time to time. In case you need more please write to besafe@moneyworks4Me.com
MoneyWorks4Me rates and ranks mutual funds based on the following data-driven system:
Funds ranking in screeners: Performance Consistency and Quality are two parameters used for ranking funds for SIP. The ranking as follows GG, GO, GR, OG, OO, OR, RG, RO and RR.
With the same color-coded funds, the one with the higher Average 3-year rolling returns (over 5 to 10 years), the number that appears in the Performance tag, ranks higher.
Here is the summary:
The third tag Upside Potential is not relevant for SIP. It is relevant for lumpsum investments in Mutual Funds.
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