Bajaj Auto Limited is an Indian global two-wheeler company and three-wheeler manufacturing company based in Pune, Maharashtra. It manufactures motorcycles, scooters and auto rickshaws. Bajaj Auto is a part of the Bajaj Group. It was founded by Jamnalal Bajaj in Rajasthan in the 1940s. It is based in Pune, Maharashtra, with plants in Chakan (Pune), Waluj (near Aurangabad) and Pantnagar in Uttarakhand. The oldest plant at Akurdi (Pune) now houses the R&D centre 'Ahead'.
|Founded||November 29, 1945|
|Headquarters||Pune, Maharashtra, India|
|Products||Motorcycles and three-wheeler vehicles|
|6,330,000 units (2019)|
|Revenue||₹31,804 crore (US$4.5 billion) (2019)|
|₹6,613 crore (US$930 million) (2019)|
|₹4,927 crore (US$690 million) (2019)|
|Total assets||₹28,834 crore (US$4.0 billion) (2019)|
|Total equity||₹23,233 crore (US$3.3 billion) (2019)|
Number of employees
On May 2015, its market capitalisation was ₹64,000 crore (US$9.0 billion), making it India's 23rd largest publicly traded company by market value. The Forbes Global 2000 list for the year 2012 ranked Bajaj Auto at 1,416.
Bajaj Auto was established on 29 November 1945 as M/s Bachraj Trading Corporation Private Limited. It initially imported and sold two- and three-wheelers in India. In 1959, it obtained a license from the Government of India to manufacture two-wheelers and three-wheelers and obtained Licence from Piaggio to manufacture Vespa Brand Scooters in India. It became a public limited company in 1960.
With the launch of motorcycles in 1986, the company changed its branding from a scooter manufacturer to a two-wheeler manufacturer.
As of 2008, Bajaj had operations in 50 countries, and its bikes are targeted toward entry-level buyers.
On 26 November 2019, Bajaj Auto invested $8 million (approx. ₹57 crore) in bicycle and electric scooter rental startup Yulu. In this deal, Bajaj will also manufacture customised electric scooters for Yulu.
Motorcycles produced by Bajaj include the Platina, Discover, Pulsar, Avenger, Dominar 400 and CT 100. In FY 2012–13, it sold approximately 37.6 lakh (3.76 million) motorcycles which accounted for 31% of the market share in India. Of these, approximately 24.6 lakh (2.46 million) motorcycles (66%) were sold in India and remaining 34% were exported.
Auto rickshaw (three wheeler)Edit
Bajaj is the world's largest manufacturer of auto rickshaws and accounts for almost 84% of India's three-wheeler exports. During the FY 2012–13, it sold approx. 4,80,000 three-wheelers which was 57% of the total market share in India. Out of these 4,80,000 three-wheelers, 53% were exported and remaining 47% were sold in India. In Indonesia, Bajaj three-wheelers are "iconic" and "ubiquitous" to the point that the word bajaj (pronounced bajay) is used to refer to auto rickshaws of any kind.
Low cost carsEdit
In 2010, Bajaj Auto announced cooperation with Renault and Nissan Motor to develop a US$2,500 car, aiming at a fuel efficiency of 30 kilometres per litre (85 mpg‑imp; 71 mpg‑US) (3.3 L/100 km), or twice an average small car, and carbon dioxide emissions of 100 g/km.
On 3 January 2012, Bajaj auto unveiled the Bajaj Qute (formerly Bajaj RE60), a mini car for intra-city urban transportation, which is legally classified as a quadricycle. The target customer group was Bajaj's three-wheeler customers. According to its Managing Director Rajiv Bajaj, the RE60 powered by a new 200 cc rear mounted petrol engine will have a top speed of 70 kilometres per hour (43 mph), a mileage of 35 kilometres per litre (99 mpg‑imp; 82 mpg‑US) and carbon dioxide emissions of 60 g/km.
Bajaj Auto bought a controlling stake in the Tempo Firodia company, renaming it "Bajaj Tempo". Germany's Daimler-Benz owned 16% of Bajaj Tempo, but Daimler sold their stake back to the Firodia group in 2001. It was agreed that Bajaj Tempo would gradually phase out the use of the "Tempo" brand name, as it still belonged to Mercedes-Benz. The name of the company was changed to Force Motors in 2005, dropping "Bajaj" as well as "Tempo", over the objections of Bajaj Auto with whom the company shares a long history as well as a compound wall.
Demerger in 2008Edit
The demerger of Bajaj Auto Ltd into three corporate entities — Bajaj Finserv Limited (BFL), Bajaj Auto Ltd (BAL), and Bajaj Holdings and Investment Ltd (BHIL)—was completed with the shares listing on 26 May 2008.
Bajaj-Kawasaki end partnership in 2017Edit
In 2017, Bajaj and Kawasaki ended their 8-year sales & services partnership in India, for the sale and after sales service of Kawasaki motorcycles, which had been established in 2009. These Probiking dealerships were later converted to KTM dealerships. However Bajaj and Kawasaki continue with their relationship in the rest of the world.
Bajaj Auto's equity shares are listed on Bombay Stock Exchange where it is a constituent of the BSE SENSEX index, and the National Stock Exchange of India where it is a constituent of the CNX Nifty.
On 30 Sep 2015, 49.29% of the equity shares of the company were owned by the promoters Bajaj Group and the remaining were owned by others.
|Shareholders (as on 30-Sep-2015)||Shareholding %|
|Promoters: Bajaj Group||49.29%|
|Mutual funds, FIs and insurance companies||08.13%|
|Foreign institutional investors||14.25%|
|Foreign portfolio investments corporations||03.51%|
Bajaj Auto had a total of 8,036 employees as of 31 March 2013, of which 51 were women (0.63%) and 25 were differently-abled (0.31%). It spent ₹6.5 billion (US$91 million) on employee benefit expenses during the FY 2012–13. The company is headed by Rahul Bajaj, whose net worth was around US$2 billion in March 2013.
Awards and recognitionsEdit
- Bajaj Pulsar 135 LS received Bike of the Year 2010 award from BBC TopGear and Bike India.
- Pulsar 220 DTS-Fi received the Bike of the Year 2008 award by all major Indian automobile magazines like Overdrive, Autocar, Business Standard Motoring and Bike Top Gear.
- In 2006, Bajaj Auto won the Frost & Sullivan Super Platinum Award for manufacturing excellence in its Chakan Plant.
- It received award for The Most Customer Responsive Company in Automobiles category in a survey conducted by Economic Times for the years 2004, 2006 and 2008.
- Bajaj Auto received the Bike Maker of the Year award in ICICI Bank Overdrive Awards 2004.
- Bajaj Pulsar 180 DTS-i won the BBC World Wheels Viewers Choice Two Wheeler of the Year 2003 award.
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The top-three players such as market leader Bajaj Auto, second largest manufacturer Piaggio and Mahindra and Mahindra […].
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