UPDATE 1-Bajaj Q4 net profit jumps 31 pct, beats forecasts

Newswire

(Adds details) BOMBAY, May 19 (Reuters) - Bajaj Auto Ltd , India's second-biggest motorcycle maker, reported a better-than-expected 31 percent rise in fourth-quarter profit on Wednesday, as unit sales rose nearly 10 percent. Bajaj said it aimed to boost its share of the world's biggest motorbike market after China to 30 percent this year from about 25 percent last year, while boosting exports by 30 percent. India's future motorcycle sales growth is expected to remain robust as incomes ...

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