Bob
20th October 2010, 00:47
Not all bad news out there, as both Harley-Davidson and Bajaj issued positive results.
Harley’s 3rd quarter profit more than tripled, on the back of their financial-service business. Restructuring of the motorcycle division, where severe cost-cutting has been implemented has also assisted results as demand has made a “slight” recovery.
Meanwhile, Bajaj – India’s 2nd largest manufacturer – reported a 69% increase in profits, fuelled by record economic growth in their domestic market, plus an increase in exports.
Bajaj’s total sales, including exports, surpassed 1 million vehicles in the fiscal second quarter.
Harley’s 3rd quarter profit more than tripled, on the back of their financial-service business. Restructuring of the motorcycle division, where severe cost-cutting has been implemented has also assisted results as demand has made a “slight” recovery.
Meanwhile, Bajaj – India’s 2nd largest manufacturer – reported a 69% increase in profits, fuelled by record economic growth in their domestic market, plus an increase in exports.
Bajaj’s total sales, including exports, surpassed 1 million vehicles in the fiscal second quarter.