India's Bajaj Q4 net profit up 31 pct

Newswire

BOMBAY, May 19 (Reuters) - Bajaj Auto Ltd, India's second biggest motorcycle maker, reported on Wednesday its quarterly profit jumped 31 percent as its two- and three-wheeler sales rose nearly 10 percent in the world's biggest market after China. Bajaj , which mainly battles market leader Hero Honda Motors Ltd in the motorcycle market but also makes scooters, mopeds and motorised rickshaws, said net profit rose to 1.96 billion rupees ($43.4 million) in its fiscal fourth quarter ended March ...

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