Introduction of Bajaj Auto
The firm manufactures many types of vehicle rickshaws, including scooters and motorbikes. Bajaj Auto is a subsidiary of the Bajaj Group. It began operations in the 1940s in the Indian state of Rajasthan and was given the name Jamnalal Bajaj in his honor. In addition to its location in Pantnagar, the company also has manufacturing facilities in Chakan and Waluj. The ‘Ahead’ research and development center may be found in Akurdi, Pune, at the facility that has been around the longest. Bajaj Auto is the third largest motorcycle manufacturer in the world and the second largest manufacturer in India. They are the world leaders in the production of vehicles with three wheels, especially tricycles. When its market value crossed 1 trillion (US$13 billion) in December 2020, Bajaj Auto became the most valuable two-wheeler company in the whole world.
Bajaj Auto Limited is a global automobile manufacturer based in Pune, India, where it also maintains its corporate offices.
History of Bajaj Auto
Bajaj Auto was formed in 1945 as M/s Bachraj Trading Corporation Private Limited. It originally imported and sold two- and three-wheeled cars in India. In 1959, it received a license from Piaggio to make Vespa-brand bikes in India. It became public in 1960 and is currently an LLC. 1986 saw the company’s transition from scooters to motorcycles. Kawasaki and Bajaj Auto signed a technical assistance partnership in 1984 to boost local motorbike sales. Bajaj Auto renamed Tempo Firodia after obtaining a controlling stake in the early 2000s. Daimler-Benz of Germany sold its 16% stake in Bajaj Tempo to Firodia. Bajaj Tempo has agreed to discontinue using the “Tempo” brand name, which belongs to Mercedes-Benz. Despite a long history and a compound wall with Bajaj Auto, the company changed its name to Force Motors in 2005. Bajaj Auto Limited was split into three entities on May 26, 2008: BFL, BAL, and BHIL.
Products of Bajaj Auto
Bajaj manufactures motorcycles, scooters, auto-rickshaws, and cars. Bajaj Auto was India’s top motorcycle exporter until 2004. Bajaj was the first Indian manufacturer to provide dynamic 4-stroke commuter motorcycles. Bajaj makes the CT 100 Platina, Discover, Pulsar, Avenger, and Dominar. In FY 2012-13, it sold over 37.6 lakh motorcycles, giving it 31% of the Indian market. About 24.6 lakh (2.46 million) of these motorcycles were sold in India, while 34% were exported.