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Bajaj Auto Ltd.

BSE: 532977 Sector: Auto
NSE: BAJAJ-AUTO ISIN Code: INE917I01010
BSE 00:00 | 25 May 2759.85 23.15
(0.85%)
OPEN

2768.05

HIGH

2775.55

LOW

2730.40

NSE 00:00 | 25 May 2758.50 25.70
(0.94%)
OPEN

2754.95

HIGH

2775.60

LOW

2723.00

OPEN 2768.05
PREVIOUS CLOSE 2736.70
VOLUME 12520
52-Week high 3472.60
52-Week low 2695.00
P/E 19.52
Mkt Cap.(Rs cr) 79,862
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.00
Sell Qty 0.00
OPEN 2768.05
CLOSE 2736.70
VOLUME 12520
52-Week high 3472.60
52-Week low 2695.00
P/E 19.52
Mkt Cap.(Rs cr) 79,862
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 (BAL) is one of the leading two & three wheeler manufacturers in India. The company is well known for its R&D product development process engineering and low-cost manufacturing skills. The company is the largest exporter of two and three-wheelers in the country. The company has two subsidiaries namely Bajaj Auto International Holdings BV and PT Bajaj Indonesia.On 29 November 1945 Bajaj Auto came into being under the name M/s Bachraj Trading Corporation Private Limited. In 1948 Bajaj Auto started selling imported two- and three-wheelers in India. In 1959 Bajaj Auto obtained licence from the Government of India to manufacture two- and three-wheelers. In the year 1960 Bajaj Auto became a public limited company. In the year 1970 Bajaj Auto rolled out its 100000th vehicle. In 1971 Bajaj Auto launched three-wheeler goods carrier. In 1977 the company launched Rear Engine Autorickshaw. On 19 January 1984 the foundation stone was laid for Bajaj Auto's new plant at Waluj Aurangabad. On 5 November 1985 Bajaj Auto commenced production at Waluj plant. In 1998 Bajaj Auto commenced production at its Chakan Pune plant. In November 2001 Bajaj Auto launched its premium bike 'Pulsar'. In February 2003 Bajaj Auto launched Caliber115 in the executive motorcycle segment.Pursuant to the Scheme of Arrangement of Demerger Bajaj Holdings & Investments Ltd (BHIL erstwhile BAL) was demerged into three undertakings with effect from the effective date viz. 20 February 2008. 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 its 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 (BHIL). 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 was renamed as Bajaj Auto Ltd (BAL). 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.On 8 August 2017 Bajaj Auto and Triumph Motorcycles UK announced global partnership whereby Bajaj will gain access to the iconic Triumph brand and its great motorcycles enabling it to offer a wider range of motorcycles within its domestic market and other international markets.