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.
The light weight vehicle features an automatic gearbox and an air conditioner, and will be developed for performance.
Opposition to the idea of quadricycles is a story of sour grapes, says Rajiv Bajaj.
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.
In doing so, Bajaj has become the first internal combustion engine two-wheeler company to launch an all-electric two-wheeler in India.
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.
In just three months from now, 'Hamara Bajaj' could become 'Hamara Pulsar' or 'Hamara Discover'.
"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.
According to industry sources, the company has contacted customers who bought the 125cc XCD to replace faulty electronic components for self start and head lamps along with a part of 'noisy' centre-stand.The company had last month launched the 125cc XCD, which it claims clubs features of a 150cc bike with the mileage of a 100cc motorcycle, at Rs 41,000 (ex-showroom).
The company took advantage of the slowdown in the auto industry.
Automakers gauge the competition at the show.
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.
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.
'It can be used to build three-wheelers, vans, too'
Anticipating a robust demand during the festive season, the company is targeting to sell over five lakh motorcycles in the next two months
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).
It is confidential for Bajaj, Nissan and Renault and so, I will not speak much about it." The total cost of this project is Rs 2,000 crore (Rs 20 billion).
The country's second largest two-wheeler maker Bajaj Auto Ltd (BAL) on Monday joined hands with Renault-Nissan to launch a small car in India by 2011 that will compete with Tata Motors' Nano on price point - Rs 1 lakh.
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.
The first of these bikes would be launched in the European market by the end of this year, followed by the India launch during the first half of next year.
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.
Most probably, feel analysts, it would be in the 100-125cc segment. The new Discover 100cc with a DTSi engine, launched last month, is billed by the company as the world's most fuel-efficient motorcycle, with a certified 89 km to a litre of petrol.
Bajaj Auto is likely to launch the much-awaited Quadricycle.
Production of the 125 cc motorcycle has started in an assembly plant in China, putting the country's second-largest maker a step ahead of competitor Hero Honda, which is also working on a motorcycle reportedly between the Rs 17,000 and Rs 20,000 price point.
India needs another shot of difficult reform, of the kind only possible at gunpoint. Mr Trump holds that gun to our heads now. A drastic reduction in tariff protection, other elements of sarkari wet-nursing will force entrepreneurial India to become competitive again, argues Shekhar Gupta.
But will this dilute Bajaj's strong Indian identity that straddled the rural-urban markets and the Hindi-English divide quite easily?
It's the first time in its 178-year-old history that the iconic British motorcycle firm owned by the Bloor family has got into an alliance. Three years after announcement, the two companies formally signed on the dotted lines on Friday for a long-term partnership, which aims to achieve global scale in a segment in which Royal Enfield has head-start.
Bajaj Auto expects to clock an over 50 per cent growth in exports to about 160,000 units during 2003-04, the company said on Thursday.
A concept vehicle will be showcased in January 2008 at the annual Auto Expo.
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
Fuel efficiency was the platform that had been built by the market leader in the segment, fun was the Discover domain. By diluting the message, the brand lost its old customers and pushed potential buyers into the leader's fold.
After selling brands like Pulsar, Boxer, Platina and RE in over 70 countries, Bajaj Auto plans to enter Thailand this year followed by Brazil next year.
Lauding Rajiv, who is the managing director of the firm while addressing shareholders in its annual report for 2009-10, Rahul said it pleased him that the company is leveraging its key brands to maximise profits.
Striking workers lacked support in the Pimpri-Chinchwad-Chakan belt.
Confirming that the company could shift its production to other facilities, Bajaj Auto Managing Director Rajiv Bajaj told Business Standard: "If we take a view that this (labour issue) is going to extend over the next two months, we certainly can do that, and will do that."
Rahul Bajaj was transparent, outspoken, and not ready to bend the rules, says R C Bhargava.
The maker of Pulsar and Discover reported a net profit of Rs 1,138.20 crore in the second quarter, compared to Rs 1,402.42 crore a year ago.
Ambani and Adani account for a fifth of the net worth of all billionaire promoters in the country and half the combined net worth of the top 10.
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