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What Is India News Service
Thursday, November 08, 2007


 

Economy

    Bajaj Group of Companies


   

Bajaj Auto Ltd is the largest two and three wheeler manufacturer in the country with an annual turnover in excess of Rs38 billion. It started operations as an importing agent for Vespa scooters of Piaggio in 1948. It entered into a technical collaboration agreement with Piaggio in 1961 to manufacture scooters and three wheelers. Subsequent to the opening up of the two-wheeler sector for foreign technology and equity participation in the mid 80’s, Bajaj Auto entered into a technical collaboration agreement with Kawasaki of Japan. It started production of Kawasaki 100cc motorcycles in 1986. Keeping pace with the times, many of the company's models are in the 4-stroke segment. Today, the company has a wide range of scooters, motorcycles, scooterettes and three-wheelers in its product stable. Bajaj Auto operates out of three plants located at Akurdi and Chakan (near Pune) and Waluj near Aurangabad. Mr. Rahul Bajaj is the Chairman of Bajai Auto Ltd.

News Analysis

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References

•  Official Site

•  News Releases

•  Rahul Bajaj - Chairman

•  Group of Companies

•  Performance Reports

 

The Diwali blockbuster gets bigger every year. Despite the other sales seasons at different periods of the year, the buying frenzy around Diwali is getting more feverish. It is not restricted to the five days around Dhanteras . . . . (Happy Diwali, Buy Buy, Indian Express, Editorial, Indian Express, Nov 08, 2007)

The stock market on Tuesday collapsed from the day’s high and even ended 190 points lower in volatile trade on heavy profit sales by investors and a slowdown in FII activity. (Sensex Sheds 190 Points, Hindu, Correspondent or Reporter, Nov 07, 2007)

NCP chief and Union agriculture minister Sharad Pawar, who acted as mediator in the ongoing tussle between the management of Bajaj Auto and the workers at its Akurdi plant, appeared to have made a breakthrough on Monday. (Bajaj Auto’S Akurdi Staff To Resume Work, Then Talk , The Economic Times, Correspondent or Reporter, Nov 06, 2007)

Despite a modest slowdown in the first half of the current fiscal, India’s automobile market continues to attract considerable interest. (Automobile Action , The Economic Times, Editorial, Economic Times, Nov 03, 2007)

Nissan signed a $500 million (£243 million) joint venture with Ashok Leyland yesterday to produce light commercial vehicles in India. (Nissan Signs Pact To Build Presence In India, Singapore Times, Correspondent or Reporter, Oct 30, 2007)

Three partnerships down the road, Nissan Renault big kahuna Carlos Ghosn is looking for at least two more to complete his India strategy. On an action-packed trip to check out Bajaj Auto’s Chakan plant after signing a light commercial . . . . (Nissan Renault May Expand Bajaj Tie-Up, Singapore Times, Correspondent or Reporter, Oct 30, 2007)

Foreign institutional investors took the Sensex soaring to 19,000 on Monday, making the 1,000-point journey from 18,000 to 19,000 in just four trading sessions. (19k With $600m Fii Funds, Asian Age, Correspondent or Reporter, Oct 16, 2007)

We have two areas of serious interest with Latin America — energy security and food security. We have started investing in the oil and gas sector in the region. There is also a lot of potential in non-conventional fuels. (‘Great Potential To Leverage Synergies Between India And Latin America’, Business Line, Editorial, Business Line, Oct 10, 2007)

The stock market barometer Sensex surged by a record 789 points to cross the 18,000-point milestone as investors took heart from the improbability of snap polls and bought heavily in frontline stocks led by Reliance industries. (Sensex Sets New Milestone; Crosses 18,000 Mark, New Indian Express, Correspondent or Reporter, Oct 10, 2007)

Bulls again on Monday tried to conquer 18K mark but failed because of aggressive bears, who were riding on political crisis at the Centre. (Sensex Crashes On Heavy Selling, Pioneer, Correspondent or Reporter, Oct 09, 2007)

Bulls on the Dalal Street seem to be in a hurry to conquer 18,000 point mark as fast as possible thinking there will be no tomorrow for them, and so claim the same only on today and one should not be surprised if they claim the same . . . . . . (Sensex Nears 18k, Up 518 Points, Pioneer, Correspondent or Reporter, Oct 04, 2007)

It’s right there. In a busy street, somewhere in a field, tucked away under a once officious but now retired-looking old-timer’s arm, definitely in the sabzi or machli mandi, almost always hanging precariously from the handlebar of a Hero . . . .. (Sun And Shade, Indian Express, Correspondent or Reporter, Sep 29, 2007)

Ever since militant trade unionism made West Bengal its home in the Sixties, factories have been closing down; as a result, West Bengal has shrunk to insignificance in the industrial landscape of India. (Diverging Story, Telegraph, Editorial, The Telegraph, Sep 28, 2007)

His unassuming nature may let others take him easily as yet another Indian farmer, which he is not. (‘Traditional Crops Best Suited For Country’ , Hindu, Correspondent or Reporter, Sep 26, 2007)

Bulls continued to reign supreme on the Dalal Street even on Monday. They were so formidable that bears dare not enter the ring except for a brief period in the morning and bulls remained in charge of the whole session. (Sensex Eyes 17k, Up 282 Points, Pioneer, Correspondent or Reporter, Sep 25, 2007)

The global success of “brand India” and continuous reinforcement of successes cloud many perceptions of reality. It is important for us to be more inquisitive about our claims of hackneyed success stories. (Need To Wake Up To The Realities, Hindu, Prabhudev Konana, Sep 22, 2007)

The Sensex skyrocketed on Wednesday on the back of 50 basis point cut in the US bank rate and recorded its biggest point-wise gain of 653.63 points surpassing the record 615.62 points on June 15, 2006. It took 52 trading days for Sensex to travel. . . (Sensex Claims Mt 16k With Fed Help, Pioneer, Correspondent or Reporter, Sep 20, 2007)

Indian two-wheeler manufacturers seem to have realised what management gurus have long emphasised. (Riding On Innovation, Times of India, Editorial, The Times of India, Sep 13, 2007)

The National Commission for Protection of Child Rights (NCPCR) will soon initiate a dialogue with the corporate sector, specially multi-national companies, to persuade them remove any products made using child-labour from their supply chain. (Child Rights Panel Ropes In Industry For Help, Pioneer, Correspondent or Reporter, Sep 12, 2007)

Bajaj Auto is well within its right to cease operations at the Akurdi (Maharashtra) plant if the company continues paying wages to those employed at the plant. (Allow Bajaj To Close Akurdi , The Economic Times, Editorial, Economic Times, Sep 12, 2007)


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