Bajaj Auto fall 2% as SL raises tax

2 April 2012 05:55 am - 30     - {{hitsCtrl.values.hits}}

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Bajaj Auto shares fell 2 per cent after Sri Lanka raised import tariff on petrol and diesel powered three wheelers. The import duty on petrol powered three wheelers was raised to 100 per cent against 51 per cent previously. Similarly, duty on diesel powered three wheelers rose to 100 per cent from 61 per cent.

Sri Lanka accounts for about 37 per cent of the three wheeler exports at 9,000 to 10,000 units per month. This is 9 per cent of the company’s revenue and 11 per cent of the operation profit.

Bajaj Auto exported 76,558 three wheelers in the quarter to December 2011.

The BSE Sensex rose 58 points or 0.3 per cent. Bajaj Auto is a component of the 30-share BSE Sensex.  (Source: ndtv)

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  Comments - 30

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  • darmasena Monday, 02 April 2012 11:25 AM

    good yorker but no ball, who will get the free hit,

    SK Monday, 02 April 2012 11:44 AM

    Price of Spare parts will also go up. So existing ones will also be affected.

    Eng Monday, 02 April 2012 12:34 PM

    Sri Lankan economy is so capable of influencing oversease share markets! LOL

    Ravi Seneviratne Monday, 02 April 2012 03:16 PM

    So Sri lanka can make small impact on Indian economy !

    Pathum Monday, 02 April 2012 03:44 PM

    Look at this . Poor Indian quality stuff mostly selling to us.
    we all should cut down those immediately .

    Sammy Monday, 02 April 2012 06:15 AM

    So many have been self-employe because of these three-wheelers. Now, in addition to the recent petrol hike this will be an added burden.

    toosh Monday, 02 April 2012 03:41 PM

    Mr Justin, I wish to add followings items also to be stopped from India.
    1. Indian Sarees 2. Maissor dhal 3. all type of school books
    and 4. medicines

    Gift4 Sinhala-Awrudu Monday, 02 April 2012 06:50 AM

    Sub Sinhala Awruday...day by day cost of living increases unwantedly. Now the government can not play on increasing all eatable items everytime...Therefore finally they proposed Taxes on vehicles/spare parts....Suba sinhala Awrudak....This is a GIFT for Sinhala Awurudu

    justin Monday, 02 April 2012 06:41 AM

    Very good . We should completely stop importing Indian vehicles

    harsha99 Monday, 02 April 2012 06:43 AM

    Reminder to Indian big business that welfare of Sri Lanka is in their interest!

    sltk2004 Monday, 02 April 2012 06:35 AM

    Why only Indian?
    Also are we at least in a position to manufacture even a three-wheeler by ourselves ?

    Wasim Akram Monday, 02 April 2012 07:05 AM

    May be to give aluth awrudu bonus/arrange them luxirous things to our beloved and hard working government ministers....Rata Vinasai........Dont ever say that Sri lanka economic is going up.....its a worse situation now we all face.

    tuk tuk Monday, 02 April 2012 04:22 PM

    On a quality basis indian motor vehicles are still better than Chinese. Try to find out what happened to the buses,cars, 3 wheels and bikes that were imported from China 2,3 years back

    willows Monday, 02 April 2012 06:55 AM

    aurudu thagy

    GSK Monday, 02 April 2012 07:03 AM

    any self employed, if we are to completely stop indian vehicles its going to be a complete disaster for commercial sector in SL, Indian vehicles Buses, Tractors

    Saman Jinadasa Monday, 02 April 2012 04:53 PM

    Indians are meddling with our politics and our sovereignty by playing double games. Very untrustworthy country and people. We should also play cunning games with them to backstab.

    ajith Monday, 02 April 2012 07:36 AM

    Very good move by the Government.

    ajith Monday, 02 April 2012 07:19 AM

    Good move to curb three wheeler menace..

    Granite Paashaana Monday, 02 April 2012 07:58 AM

    Feel the pinch, India! More to come with Maruti....

    Ruvini Monday, 02 April 2012 08:03 AM

    Sammy, how can you say that? Prices increase only for new imports. Existing 3-wheelers not affect by new impoert taxex. Please don't try to harvest each and every seed. Logically contruct your argument.

    PKR Monday, 02 April 2012 07:59 AM

    It is good to see that srilanka too can make impact on certain biz in India.
    In fact Indian benefit more on bilateral trade than Srilankans.
    Any bad feelings towards India due to stupid actions of Indian political leaders will have some effect in Indian society too.
    Some Indian products looks and perform horrible.
    It is time to see whether we could import better products from Malaysia or China at same price. This will hurt Indians more. If we depend on them less in all aspects, less influence Indians have on srilanka. Lets us gradually move towards such status.

    Tuk-Tuk Hater Monday, 02 April 2012 08:01 AM

    Good move! We should get rid of all the Threewheelers in the country.

    Fazli Monday, 02 April 2012 08:24 AM

    This was always on the cards ever since they raised the
    taxes.

    Ka Monday, 02 April 2012 05:41 PM

    Many US/UN sanctions on India during their Nuclear Blasts didn't impacted them, How do we think that we can impact them.
    I would say as neighboring we should utilize them for the betterment of our County. Look into our history India is definitely than Pakistan, China .....

    ind Monday, 02 April 2012 08:09 AM

    Yorker from government to India !!!

    detective_b Monday, 02 April 2012 08:42 AM

    Suba Anagathayak..also

    mahinda Monday, 02 April 2012 10:13 AM

    Very good move as more peopls are dying on the roads than at war.Life is more impotant for the country than anything else

    Prof.Henricks Monday, 02 April 2012 10:24 AM

    This is good news. We should stop importing these very unsafe three-wheelers to the country.

    Samara Monday, 02 April 2012 11:06 AM

    No more WAR......But everyday...all eatable items and now vehicles/spare parts are also increased....!!So what economic development we have in this country?


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See Kapruka's top selling online shopping categories such as Toys, Grocery, Flowers, Birthday Cakes, Fruits, Chocolates, Clothing and Electronics. Also see Kapruka's unique online services such as Money Remittence,News, Courier/Delivery, Food Delivery and over 700 top brands. Also get products from Amazon & Ebay via Kapruka Gloabal Shop into Sri Lanka.