Bajaj Auto

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Bajaj Auto Ltd
TypePublic
Founded1945
HeadquartersImage:Flag of India.svg Pune, India
Key peopleImage:Flag of India.svg Rahul Bajaj (Chairman), Rajiv Bajaj (Managing Director)
RevenueImage:Green Arrow Up.svg Rs. 81,063 billion (2005) or USD 1.32 billion
Net incomeImage:Green Arrow Up.svg Rs. 11,016 billion
Employees10,250 (2006-07)
Websitewww.bajajauto.com

Bajaj Auto is a major Indian automobile manufacturer. It is India's largest and the world's 4th largest two- and three-wheeler maker. It is based in Pune, Maharashtra, with plants in Akurdi and Chakan (near Pune),Waluj (near Aurangabad) and Pantnagar in Uttaranchal. Bajaj Auto makes and exports motorscooters, motorcycles and the auto rickshaw.

The Forbes Global 2000 list for the year 2005 ranked Bajaj Auto at 1946 [1].

Over the last decade, the company has successfully changed its image from a scooter manufacturer to a two wheeler manufacturer. Its product range encompasses Scooterettes, Scooters and Motorcycles. Its real growth in numbers has come in the last four years after successful introduction of a few models in the motorcycle segment.

The company is headed by Rahul Bajaj who is worth more than US$1.5 billion.

Contents

[edit] Company's history

Bajaj Auto came into existence on November 29, 1945 as M/s Bachraj Trading Corporation Private Limited. It started off by selling imported two- and three-wheelers in India. In 1959, it obtained license from the Government of India to manufacture two- and three-wheelers and it went public in 1960. In 1970, it rolled out its 100,000th vehicle. In 1977, it managed to produce and sell 100,000 vehicles in a single financial year. In 1985, it started producing at Waluj in Aurangabad. In 1986, it managed to produce and sell 500,000 vehicles in a single financial year. In 1995, it rolled out its ten millionth vehicle and produced and sold 1 million vehicles in a year.

[edit] Timeline of new releases

[edit] Products

Some of the models that Bajaj makes (or has made) are:

[edit] Scooters

    • Bajaj Kristal DTSi

[edit] Motorcycles

[edit] Upcoming Models

    • Bajaj Blade
    • Bajaj Sonic

[edit] Discontinued Models

[edit] Spinoffs and acquisitions

It has been reported that Bajaj is headed for a de-merger into two separate companies: Bajaj Auto and Bajaj Finance. It is expected that the sum of the parts created will be worth more that the current whole, as was the case in the de-merger of Reliance Industries. [2]

In November 2007, Bajaj Auto acquired 14.5% stake in KTM Power Sports AG (holding company of KTM Sportmotocycles AG). The two companies have signed a cooperation deal, by which KTM will provide the know-how for joint development of the water-cooled 4 stroke 125 and 250 cc engines, and Bajaj will take over the distribution of KTM products in India and some other Southeast Asian nations.[3]. Bajaj Auto said it is open to take a majority stake in KTM and is also looking at other takeover opportunities.

[edit] External links

[edit] References

  1. ^ The Forbes 2000 by Country
  2. ^ S. Kalyana Ramanthan. "Why Two Bajajs Are Better Than One", Businessworld. Retrieved on 2007-07-22. 
  3. ^ "Bajaj Auto takes 14.5% stake in KTM Sports", business-standard.com, November 5, 2007. Retrieved on 2007-12-03. 
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