UPDATE 2-India's Bajaj Auto Q4 net profit beats forecasts

Newswire

(Recasts with details from news conference) By Sumana Ramanan BOMBAY, May 19 (Reuters) - Bajaj Auto Ltd , India's second-biggest motorcycle maker, said on Wednesday quarterly profit rose by nearly a third, beating market expectations, as it sold 10 percent more vehicles than it did a year earlier. Bajaj said it aimed to raise its share of the world's biggest motorbike market after China to 30 percent by March 2005 from about a quarter last year, while boosting exports by 30 percent. ...

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