Information about the company Bajaj | |
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Founded | 29 November 1945 |
Founder | Jamnalal Bajaj |
Headquarters | Pune, India |
Key people | Rahul Bajaj (Chairman) Rajiv Bajaj (MD) |
Parent | Bajaj Group |
Official website | www.bajajauto.com |
Indian brand Bajaj Auto, based in 1945, occupies the third place in the world`s production of motor vehicles. From the very beginning company sold 2- and 3-wheeled carts (rickshaws), which were extremely popular among the Indian population. 14 years later, in 1959, Bajaj Auto bought the state license for rickshaws manufacturing and started its releasing. In 1986, the production output reached 500 thousand units. In addition, this year firm established the partnership with Kawasaki company. All the Bajaj motor vehicles were sold in the only one and unique network of stores in Asia under the Bajaj-Kawasaki brand. In addition, the Indian company gets the license for production of Kawasaki Ninja 300 and Ninja 600 sports motorcycles. In 2007, Bajaj Auto acquired 17 percent of shares in the Austrian KTM company, and in 2008 built up those assets up to 38 percent. As for 2016, Bajaj Auto concern owns 48 percent of KTM’s shares. Also, Indian company produces such KTM models as Duke and RC. Nowadays Bajaj owns several powerful factories, which are located in Aurangabad, Chakan, and Pantnagar. The total production capacity is more than 5 million units per year. Advanced equipment and the latest technologies allow producing high-quality machinery at a competitive price.