Strategic tie up to boost morale of Bajaj Auto
DSIJ Intelligence / 27 Oct 2016
The markets on October 27 are expected to open in red amid F&O expiry. On the other hand, India’s second largest two-wheeler has come up with a strategic partnership.
The markets on October 27 are expected to open in red amid F&O expiry. On the other hand, India’s second largest two-wheeler has come up with a strategic partnership. Bajaj Auto on October 27, has informed bourses that Gulf Oil Lubricants India Limited, a Hinduja Group Company has entered into a strategic original equipment manufacturer tie up with the company. Under this tie up, Gulf Oil Lubricants India will manufacture Bajaj Genuine Oil in their state of art manufacturing facility and distribute these lubricants in Bajaj Auto’s dealer network and under the Gulf Rural Stockist Program in rural areas.
Bajaj Auto has been one of the favourites in the auto two-wheeler segment. The shares of the company in the last 6 months have surged by 11 per cent. In the last 3 months, the scrips of the company have given a return of 6 per cent. It could be interesting to see whether the strategic partnership will boost its shares prices on October 27.
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