Rajiv, who is BAL chairman and MD Rahul Bajaj's elder son, had joined the company as officer-on-special duty on December 19, 1990
"Now, in my view, Bajaj is a bit like a zoo," Bajaj Auto managing director Rajiv Bajaj said on Wednesday, likening the different models from the firm's stable as different animals in a zoo.
Bajaj Auto is gearing up to launch clean-energy vehicles including another motorcycle powered by compressed natural gas (CNG), showcase ethanol-powered motorcycles and three-wheelers next month, as well as launch a new Chetak platform early next year, as it closes in on hitting 100,000 monthly sales from clean-energy vehicles this festival season. In an interview with CNBC-TV18, Bajaj Auto managing director Rajiv Bajaj said these initiatives were part of the firm's broader goal to achieve monthly sales of 100,000 clean-energy vehicles this festival season.
Bajaj talks about his plans for the RE-60, which was showcased in January last year in the Auto Expo, to Business Standard.
In just three months from now, 'Hamara Bajaj' could become 'Hamara Pulsar' or 'Hamara Discover'.
The country's second largest two- wheeler maker Bajaj Auto on Tuesday launched a sports bike 'Duke 200' from its Austrian associate firm KTM's portfolio at an introductory price of Rs 1.18 lakh (ex-showroom Delhi).
Bajaj Auto is likely to launch the much-awaited Quadricycle.
'Bajaj is proceeding as before to implement this project and any financial or other constraints that Renault-Nissan may have will have no bearing on the ability of Bajaj to implement this project,' Bajaj Auto Ltd Managing Director Rajiv Bajaj said in a statement. He, however, did not elaborate on what kind of financial constraints Renault-Nissan is facing while carrying out the project.
Bajaj Auto Ltd on Friday said it plans to roll out 5,000 units of its much-delayed four-seater "quadricycle" codenamed RE-60 from its Aurangabad plant.
Bajaj Auto is planning a slow, calibrated push to take the Chetak, its electric scooter, to more than 100 countries on the strength of its distributor network and market-specific localisation rather than an aggressive global rollout, reports Sohini Das.
Bajaj Auto Chairman Rahul Bajaj on Friday said he will step down as the managing director of the company with effect from March 31, 2005.
Falling sales at home have failed to douse the company's zeal to grow abroad.
The board of Bajaj Auto has appointed Rahul Bajaj as the chairman for a five-year term beginning April 1 while his son Rajiv would take over as the managing director.
Rajiv Bajaj, the managing director of Bajaj Auto, on Thursday, reacted strongly to the threat by the company's trade union of going again on strike from April 28.
The company took advantage of the slowdown in the auto industry.
Consumer groups have urged Bajaj Auto not to bring the Qute to India until such a time that necessary adjustments have been made to its design
Bajaj Auto, India's leading two-wheeler (2W) and three-wheeler (3W) maker, is scaling up its wholly owned finance subsidiary, Bajaj Auto Credit Ltd (BACL), with an investment of more than Rs 3,000 crore planned over the next two financial years, company's managing director Rajiv Bajaj said. BACL has already started commercial operations, Bajaj recently said on the sidelines of the group's CSR identity event. According to rating agency CRISIL, BACL's operations began on January 1 after receiving its licence from the Reserve Bank of India (RBI) in August last year.
Euro NCAP had said it was disappointed to see quadricycles, including the Bajaj Qute, lack basic safety features.
Bajaj blamed a 'few rotten eggs' for the strike.
Bajaj Auto on Tuesday launched its new 200 cc performance bike 'Pulsar DTS-i' priced at Rs 65,497.
Rajiv Bajaj talks about his de-risking strategy, as well as his company's much-speculated relationship with Renault-Nissan
The country's second-biggest bike maker Bajaj Auto today said it will launch CNG
The company is also ramping up production at its Pantnagar facility, where it enjoys a 10-year tax holiday, and expects to achieve full capacity utilisation in the next five-six months. BAL has three plants with a total installed production capacity of 2.2 lakh units a month, while on an average it produces 1.6 lakh units.
Bajaj Auto said it did not want to shut down its Akurdi plant and had no intention to use the Akurdi land for any purpose other than the company's automotives business.
As a 75-year-old septuagenarian, Bajaj Auto has adapted itself as a nod to competition, regulations, and changing buyer preference. It will continue to do so, said its managing director Rajiv Bajaj at the launch of the all-new Pulsar 250. This was in response to a question on the company's preparedness for disruption by electric two-wheeler start-ups.
'We strongly believe that anyone with capability and a strong work ethic should have a chance at the top job.'
With tax sops kicking in after the opening of its plant in Uttarakhand, two-wheeler major Bajaj Auto has slashed prices of its 100 cc model Platina by Rs 3000, ahead of its planned exit from the segment.
In an interaction with former Congress chief Rahul Gandhi on the impact of lockdown on India's economy, Rajiv Bajaj, MD, Bajaj Auto, said India tried to implement a hard lockdown which was still porous and ended up with the worst of both worlds.
Anticipating a robust demand during the festive season, the company is targeting to sell over five lakh motorcycles in the next two months
Analysts expect Bajaj Auto to perform well in Q1.
After ruling the entry level segment with its 100cc motorcycles, the country's second largest two-wheeler maker Bajaj Auto Ltd has decided to exit the segment owing to relatively lower margins.
Opposition to the idea of quadricycles is a story of sour grapes, says Rajiv Bajaj.
After five years, we are still waiting for permission to sell our four-wheeler in the country: Rahul Bajaj.
Bajaj Auto Managing Director Rajiv Bajaj said the company has, in partnership with Renault-Nissan, developed India's most fuel efficient and least-polluting car engine.
Japanese auto maker Nissan on Tuesday said it has decided not to continue its partnership with Bajaj for sourcing of ultra-low cost car, ending months of uncertainty.
'Businessmen like Rajiv render public service when they speak truth to power,' observes Virendra Kapoor.
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