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Bajaj Auto Ltd.

BSE: 532977 Sector: Auto
NSE: BAJAJ-AUTO ISIN Code: INE917I01010
BSE LIVE 15:40 | 09 Dec 2719.55 -54.20
(-1.95%)
OPEN

2778.50

HIGH

2778.50

LOW

2712.60

NSE LIVE 15:59 | 09 Dec 2720.15 -58.45
(-2.10%)
OPEN

2781.55

HIGH

2786.35

LOW

2716.10

OPEN 2778.50
PREVIOUS CLOSE 2773.75
VOLUME 15239
52-Week high 3122.00
52-Week low 2173.40
P/E 19.72
Mkt Cap.(Rs cr) 78695.62
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.00
Sell Qty 0.00
OPEN 2778.50
CLOSE 2773.75
VOLUME 15239
52-Week high 3122.00
52-Week low 2173.40
P/E 19.72
Mkt Cap.(Rs cr) 78695.62
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.00
Sell Qty 0.00

Bajaj Auto Ltd. (BAJAJ-AUTO) - Company History

Bajaj Auto Ltd is one of the leading two & three wheeler manufacturers in India. The company is well known for their R&D product development process engineering and low-cost manufacturing skills. The company is the largest exported of two and three-wheelers in the country with exports forming 18% of its total sales. The company has two subsidiaries namely Bajaj Auto International Holdings BV and PT Bajaj Indonesia.The company was incorporated on April 30 2007 as a wholly owned subsidiary of erstwhile Bajaj Auto Ltd (the holding company) with the name Bajaj Investment & Holding Ltd. The company received the certificate of commencement of business on May 7 2007. The holding company operated in the segments such as automotive insurance and investment and others. Considering the growth opportunities in the auto wind-energy insurance and finance sectors the holding company de-merged their activities into three separate entities each of which can focus on their core businesses and strengthen competencies.The auto business of the holding company along with all assets and liabilities pertaining thereto including investments in PT Bajaj Auto Indonesia and in a few vendor companies transferred to Bajaj Investment & Holding Ltd. In addition a total of Rs 15000 million in cash and cash equivalents also transferred to Bajaj Investment & Holding Ltd. As the part of the scheme Bajaj Holdings and Investment Ltd were renamed as Bajaj Auto Ltd. The appointed date of this de-merger was closing hours of business on March 31 2007.In April 9 2007 the company inaugurated their green field plant at Pantnagar in Uttarakhand. In the first year of operations the plant produced over 275000 vehicles. The company's vehicle assembly plant at Akurdi was shut down from September 3 2007 due to higher cost of production. In November 2007 Bajaj Auto International Holdings BV a wholly owned subsidiary company acquired 14.51% equity stake in KTM Power Sports AG of Austria Europe's second largest sport motorcycle manufacturer for Rs 345 crore. During the year 2007-08 the company launched XCD 125 DTS-Si and the Three-wheeler Direct Injected auto rickshaw. The Chakan plant completed the cumulative production of over 2 million Pulsar. During the year 2009-10 the company expanded the production capacity of Motorised Two & Three Wheelers by 300000 Nos to 4260000 Nos. The company launched Pulsar 220 F Pulsar 180 UG Pulsar 150 UG Pulsar 135 LS and Discover DTS-si in the market.During the year 2010-11 the company expanded the production capacity of Motorised Two & Three Wheelers by 780000 Nos to 5040000 Nos. The company launched Avenger 220 DTS-i KTM Duke 125 Discover 150 and Discover 125 in the market.The company plans to maintain the capacity of two and three-wheelers at the current level of 5040000 numbers per annum during the year ending 31 March 2012. The 4 wheel vehicle development work is under progress and commercial launch of the first product from this platform is scheduled for 2012.In 2012 Bajaj Auto tied up with Japan's Kawasaki in Indonesia. In 2013 the Company has introduced another variant of premium motorcycles under the Bajaj-KTM joint venture namely Duke 390cc for a price of Rs 1.83 lakh. The company also received 'CII Design Excellence Award'In 2014 Bajaj Auto bagged order in Sri Lanka -People's Choice Bike of the Year - CNBC TV18 Overdrive Awards. The Company has also received Bike of the Year BBC Topgear Awards.In 2015 Bajaj Auto has introduced the all-new Platina electric start 100 cc bike to the long-distance commuter.

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