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Bajaj Auto Limited is a global two-wheeler and three-wheeler manufacturing company based in India. It manufactures motorcycles, scooters and auto rickshaws. Bajaj Auto is a part of the Bajaj Group. It was founded by Jamnalal Bajaj in Rajasthan in the 1940s. It is based in Pune, Mumbai, with plants in Chakan (Pune), Waluj (near Aurangabad) and Pantnagar in Uttarakhand. The oldest plant at Akurdi (Pune) now houses the R&D centre ‘Ahead’.

Bajaj Auto is the world’s sixth-largest manufacturer of motorcycles and the second-largest in India. It is the world’s largest three-wheeler manufacturer.




History

Bajaj Auto came into existence on 29 November 1944 as M/s Bachraj Trading Corporation Private Limited. It started off by selling imported two- and three-wheelers in India. In 1959, it obtained a license from the Government of India to manufacture two-wheelers and three-wheelers and obtained Licence from Piaggio to manufacture Vespa Brand Scooters in India and started making Vespa 150 scooters. It became a public limited company in 1960. In 1970, it rolled out its 100,000th vehicle. In 1977, it sold 100,000 vehicles in a financial year. In 1985, it started producing at Waluj near Aurangabad. In 1986, it sold 500,000 vehicles in a financial year. In 1995, it rolled out its ten millionth vehicle and produced and sold one million vehicles in a year.

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With the launch of motorcycles in 1986, the company has changed its image from a scooter manufacturer to a two-wheeler manufacturer.

In 2017 it was announced that Bajaj Auto and Triumph Motorcycles Ltd would form an alliance to build mid-capacity motorcycles.




According to the authors of Globality: Competing with Everyone from Everywhere for Everything, Bajaj has operations in 50 countries creating a line of bikes targeted to the preferences of entry-level buyers.

On May 2015, its market capitalisation was ₹640 billion (US$8.9 billion), making it India’s 23rd largest publicly traded company by market value. The Forbes Global 2000 list for the year 2012 ranked Bajaj Auto at 1,416.

Source: Wikipedia

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