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Bajaj Auto surges as Nepal partner plans to set up Assembly Unit

Discussion in 'Stock Market Discussions' started by capitalstars05, Apr 13, 2016.

  1. capitalstars05

    capitalstars05 New Member

    Sep 26, 2014
    Likes Received:
    Shares of Bajaj Auto surged over 5% to Rs2585 on NSE on reports that its distribution partner in Nepal plans to set up Assembly Unit.
    As per media sources, Bajaj Auto distribution partner in Nepal will set up an assembly plant to manufacture motorcycles.
    The initial capacity would be to produce around 3,500 units per month and around 7000 units per month would be exported from the plant as well.

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