Bajaj Auto, the second largest motorcycle maker in the Indian market, is planning aggressively to expand its operations in the Indian market. The company has planned an investment of Rs 500 crores in its India operations to enhance the production capacity. A significant chunk of this investment will also be used in the development of a new variant of firm’s popular brand – Pulsar – in the country.
While speaking to the reporters in Mumbai last week, Bajaj Auto Finance President Kevin D’sa, said, “We are investing Rs 500 crore till FY’13 for expansion. We had already spent Rs 150 crore last year.”
The new Pulsar variant will be based on a new technology along with futuristic looks. The new bike is expected to be launched in the Indian market within a few months (December/ January).
During the quarter ended in September 2011, the firm registered an increase of Rs 726 crore in its net profit, at revenue of Rs 5,342 crore, accounting a profit growth of 6 percent along with a revenue growth of 21 percent. The sales volume of the firm surged 16 percent to 1,164,137 units, during this quarter.
While further informing about the company’s estimates of total production by the end of this fiscal, Mr. Bajaj said, “We expect to produce about 4.5 million vehicles and hope exports will surpass 1.5 million units this fiscal.”