Bajaj Auto

From Wikipedia, the free encyclopedia

 This article documents a current event.
Information may change rapidly as the event progresses.
Bajaj Auto Limited
Image:Logo bajaj.gif
Type Public
Founded 1945
Headquarters Pune, India
Key people Flag of India Rahul Bajaj (Chairman)
Revenue Rs. 81,063 billion (2005) or USD 1.32 billion
Net income Rs. 11,016 billion
Employees ???
Website www.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 Waluj near Aurangabad, Akurdi and Chakan, near Pune. Bajaj Auto makes and exports motorscooters, motorcycles and the auto rickshaw. It is widely believed that Bajaj is headed for a de-merger into 2 separate companies: Bajaj Auto and Bajaj Finance. It is expected that 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]

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

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

[edit] Scooters

[edit] Motorcycles

[edit] Upcoming Models

  • Bajaj Blade
  • Bajaj Sonic

[edit] New Image

The company, over the last decade has successfully changed its image from a scooter manufacturer to a two wheeler manufacturer, product range ranging from Scooterettes to Scooters to Motorcycle. Its real growth in numbers has come in the last 4 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.

[edit] Forbes Global 2000 Ranking - 2005

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


[edit] External links

[edit] References

  1. ^ [1]