UPDATE 1-India's Bajaj Holdings March qtr profit $18 mln

Newswire

(Adds detail) MUMBAI, May 22 (Reuters) - Bajaj Holdings & Investment Ltd , the parent company of India's No. 2 motorcycle maker, Bajaj Auto Ltd, on Thursday reported a quarterly net profit of 793.2 million rupees ($18 million) on net sales of 626.3 million. Bajaj Holdings, which owns 30 percent of Bajaj Auto, was created after a spin-off of Bajaj Auto to separate its manufacturing and finance operations. Figures for Bajaj Auto were not released. A Reuters poll had forecast a net ...

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