KTM Launches 390 Duke, Bajaj Strike Affects Production
Our friend Faisal from Motorbeam kindly gave us some insight on the rather shocking demands of the Bajaj unions: they are "asking for 500 equity shares of the company at a highly discounted value of Rs. 1 per share ($0.016 or €0.012).”
“The current market price of Bajaj Auto in the Bombay Stock Exchange (BSE) is Rs. 1779.30/- ($29.87 or €22.89) which puts the value of 500 shares to be $14,941 or €11,449. Production at the plant has been affected, which has an annual capacity to churn our 1,2 mil units," Faisal Khan adds.
KTM has allocated more bikes for export than for the Indian market, local media says, with the same focus on manufacturing allocations. As KTM does not seem to like stocking too many bikes with dealerships, the announced waiting goes indeed up to 3 months, even though the orange guys are making efforts to deliver the 390 Duke earlier.
The bookings for the 390 Duke look solid too, but we're looking forward to see how does the strike end.