Bajaj Auto

Template:Short description Template:Use dmy dates Template:Use Indian English {{#invoke:Infobox|infobox}}Template:Template other Template:Main other{{#invoke:Check for clobbered parameters|check|nested=1|template=Infobox company|cat=Template:Main other|name; company_name|logo; company_logo|logo_alt; alt|trade_name; trading_name|former_names; former_name|type; company_type|predecessors; predecessor|successors; successor|foundation; founded|founders; founder|defunct; dissolved|hq_location; location|hq_location_city; location_city|hq_location_country; location_country|num_locations; locations|areas_served; area_served|net_income; profit|net_income_year; profit_year|owners; owner |homepage; website }}{{#invoke:Check for unknown parameters|check|unknown=Template:Main other|preview=Page using Template:Infobox company with unknown parameter "_VALUE_" | ignoreblank=y | alt | area_served | areas_served | assets | assets_year | aum | brands | company_logo | company_name | company_type | defunct | dissolved | divisions | embed | equity | equity_year | fate | footnotes | former_name | former_names | foundation | founded | founder | founders | genre | homepage | hq_location | hq_location_city | hq_location_country | incorporated | image | image_alt | image_caption | image_size | image_upright | income_year | industry | ISIN | key_people | location | location_city | location_country | locations | logo | logo_alt | logo_caption | logo_class | logo_size | logo_upright | members | members_year | module | name | native_name | native_name_lang | net_income | net_income_year | num_employees | num_employees_year | num_locations | num_locations_year | operating_income | owner | owners | parent | predecessor | predecessors | production | production_year | products | profit | profit_year | rating | ratio | revenue | revenue_year | romanized_name | services | subsid | successor | successors | traded_as | trade_name | trading_name | type | website| qid | fetchwikidata | suppressfields | noicon | nocat | demo | categories }}

Bajaj Auto Limited (Template:IPAc-en Template:Respell) is an Indian multinational automotive manufacturing company based in Pune.<ref>{{#invoke:citation/CS1|citation |CitationClass=web }}</ref> It manufactures motorcycles, scooters and auto rickshaws. Bajaj Auto is a part of the Bajaj Group. It was founded by Jamnalal Bajaj (1889–1942) in Rajasthan in the 1940s.

Bajaj Auto is the world's third-largest manufacturer of motorcycles and the second-largest in India.<ref>Template:Cite news</ref> It is the world's largest three-wheeler manufacturer.<ref>Template:Cite news</ref> In December 2020, Bajaj Auto crossed a market capitalisation of Template:INRConvert, making it the world's most valuable two-wheeler company.<ref>Template:Cite news</ref>

HistoryEdit

File:Bajaj scooter.jpg

Bajaj Chetak built under license from Piaggio

Bajaj auto was established on 29 November 1945 as M/s Bajaj Trading Corporation Private Limited.<ref name=":0">Template:Cite news</ref> It initially imported and sold two- and three-wheelers in India.<ref name=":0" /> In 1959, it obtained a license from the Government of India to manufacture two-wheelers and three-wheelers and obtained a licence from Piaggio to manufacture Vespa scooters in India.<ref name=":0" /> It became a public limited company in 1960.<ref name=":0" />

With the launch of motorcycles in 1986, the company changed its branding from a scooter manufacturer to a two-wheeler manufacturer.<ref>{{#invoke:citation/CS1|citation |CitationClass=web }}</ref>

In 1984, Bajaj Auto signed a technical assistance agreement with Kawasaki, cooperating to expand production and sales of motorcycles in the local market.<ref>{{#invoke:citation/CS1|citation |CitationClass=web }}</ref>

In the early 2000s, Bajaj Auto bought a controlling stake in the Tempo Firodia company, renaming it "Bajaj Tempo". Germany's Daimler-Benz owned 16% of Bajaj Tempo, but Daimler sold their stake back to the Firodia group. It was agreed that Bajaj Tempo would gradually phase out the use of the "Tempo" brand name, as it still belonged to Mercedes-Benz.<ref name=change>Template:Cite journal</ref><ref>Template:Cite news</ref> The name of the company was changed to Force Motors in 2005, dropping "Bajaj" as well as "Tempo", over the objections of Bajaj Auto with whom the company shares a long history as well as a compound wall.<ref>Template:Cite news</ref>

In 2007, Bajaj Auto, through its Dutch subsidiary Bajaj Auto International Holding BV, purchased a 14.5% stake of Austrian rival KTM,<ref>{{#invoke:citation/CS1|citation |CitationClass=web }}</ref> gradually increasing its stake to a 48% non-controlling share by 2020. In December 2020, Bajaj started discussions on swapping its stake from KTM to KTM's controlling shareholder Pierer Mobility, a subsidiary of Pierer Industrie.<ref>{{#invoke:citation/CS1|citation |CitationClass=web }}</ref>

On 26 May 2008, Bajaj Auto Limited was split off into three corporate entities — Bajaj Finserv Limited (BFL), Bajaj Auto Ltd (BAL), and Bajaj Holdings and Investment Ltd (BHIL).<ref>Template:Cite news</ref><ref>{{#invoke:citation/CS1|citation |CitationClass=web }}</ref>

In 2017, Bajaj Auto and Triumph Motorcycles Ltd teamed up to build mid-capacity motorcycles.<ref>Template:Cite news</ref>

In 2017, Bajaj and Kawasaki ended a sales and services partnership in India for the sale and after-sales service of Kawasaki motorcycles, which had been established in 2009. The partnership's dealerships were later converted into KTM ones. Bajaj and Kawasaki continue with their relationship in overseas markets.<ref>Template:Cite news</ref>

On 26 November 2019, Bajaj Auto invested about ₹57 crore ($8 million) in bicycle and electric scooter rental startup Yulu.<ref name=":1" /> In this deal, Bajaj would also manufacture customised electric scooters for Yulu.<ref name=":1">Template:Cite news</ref>

Bajaj Auto continued its operations in Russia despite the Russian invasion of Ukraine. While many international companies ceased operations in Russia, Bajaj has maintained business as usual in the Russian market.<ref>{{#invoke:citation/CS1|citation |CitationClass=web }}</ref>

ManufacturingEdit

The company has plants in Chakan, Waluj in Aurangabad and Pantnagar.<ref name="Forbes">{{#invoke:citation/CS1|citation |CitationClass=web }}</ref> The oldest plant at Akurdi in Pune houses the R&D centre 'Ahead'.<ref>{{#invoke:citation/CS1|citation |CitationClass=web }}</ref>

ProductsEdit

File:Pulsar 220 new model.jpg

Bajaj Pulsar 220

File:Pulsar CS400.jpg

Bajaj Dominar 400

File:Bajaj Pulsar 200 NS.jpg

Bajaj Pulsar NS 200

File:Bajaj RE (front), Jakarta.jpg

A Bajaj RE autorickshaw in Jakarta, Indonesia

Bajaj manufactures and sells motorcycles, scooters, auto-rickshaws and cars.<ref>{{#invoke:citation/CS1|citation |CitationClass=web }}</ref> As of 2004, Bajaj Auto was India's largest exporter of motorcycles.<ref>Template:Cite news</ref>

Bajaj is the first Indian two-wheeler manufacturer to deliver 4-stroke commuter motorcycles with sporty performance for the Indian market.Template:Vague<ref>{{#invoke:citation/CS1|citation |CitationClass=web }}</ref> Bajaj achieved this with the 150cc and 180cc Pulsar.

Motorcycles produced by Bajaj include the CT 100 Platina,<ref>Template:Cite news</ref> Discover, Pulsar, Avenger, and Dominar. In FY 2012–13, it sold approximately 37.6 lakh (3.76 million) motorcycles which accounted for 31% of the market share in India. Of these, approximately 24.6 lakh (2.46 million) motorcycles (66%) were sold in India, and the remaining 34% were exported.

Auto rickshaw (three wheeler)Edit

Bajaj is the world's largest manufacturer of auto rickshaws and accounts for almost 84% of India's three-wheeler exports. During the FY 2012–13, it sold approx. 4,80,000 three-wheelers which was 57% of the total market share in India. Out of these 4,80,000 three-wheelers, 47% were sold in the country and 53% were exported. In Indonesia, Bajaj three-wheelers are described as "iconic" and "ubiquitous" to the point that the word bajaj (pronounced bajay<ref>Template:Cite book</ref>) is used to refer to auto rickshaws of any kind.<ref>Template:Cite news</ref><ref>{{#invoke:citation/CS1|citation |CitationClass=web }}</ref>

Low-cost carsEdit

In 2010, Bajaj Auto announced cooperation with Renault and Nissan Motor to develop a US$2,500 car, aiming at a fuel efficiency of Template:Convert (3.3 L/100 km), or twice an average small car, and carbon dioxide emissions of 100 g/km.<ref>{{#invoke:citation/CS1|citation |CitationClass=web }}</ref><ref>{{#invoke:citation/CS1|citation |CitationClass=web }}</ref>

On 3 January 2012, Bajaj auto unveiled the Bajaj Qute (formerly Bajaj RE60), a mini car for intra-city urban transportation, which is legally classified as a quadricycle. The target customer group was Bajaj's three-wheeler customers.<ref name=IT2012>Template:Cite news</ref> According to its Managing Director Rajiv Bajaj, the RE60 powered by a new 200 cc rear mounted petrol engine will have a top speed of Template:Convert, a mileage of Template:Convert and carbon dioxide emissions of 60 g/km.<ref name=IT2012/><ref name=NDTV>Template:Cite news</ref>

Electric scootersEdit

Bajaj launched its first electric scooter, the Chetak, in India in January 2020.<ref>Template:Cite news</ref> In December 2021, Bajaj announced an investment of Template:INR300 crore to build an electric vehicle production facility in Pune. According to the company, the plant would be able to produce 500,000 electric vehicles (EVs) each year, catering to both domestic and international markets.<ref>{{#invoke:citation/CS1|citation |CitationClass=web }}</ref>

Listing and shareholdingEdit

ListingEdit

Bajaj Auto's equity shares are listed on Bombay Stock Exchange where it is a constituent of the BSE SENSEX index,<ref>{{#invoke:citation/CS1|citation |CitationClass=web }}</ref> and the National Stock Exchange of India where it is a constituent of the CNX Nifty.<ref>{{#invoke:citation/CS1|citation |CitationClass=web }}</ref>

ShareholdingEdit

On 31 December 2022, 54.98% of the equity shares of the company were owned by the promoters Bajaj Group and the remaining were owned by others.<ref>{{#invoke:citation/CS1|citation |CitationClass=web }}</ref>

Shareholders (as of 31 December 2022)	Shareholding %
Promoters: Bajaj Group	54.98%
Mutual funds, FIs, and insurance companies	09.73%
Foreign institutional investors	11.82%
Individual shareholders	09.55%
Bodies corporate	04.35%
Foreign portfolio investments corporations	00.60%
GDRs	NIL
Others	08.97%
Total	100.0%

As of 31 March 2020, there were 100 funds that had disclosed positions in the company, including funds by The Vanguard Group, Dimensional Fund Advisors and Fidelity Investments.<ref>{{#invoke:citation/CS1|citation |CitationClass=web }}</ref>

EmployeesEdit

Bajaj Auto had a total of 10,000 employees as of 2019, of which 51 were women (0.63%) and 25 were differently-abled (0.31%).<ref name=BRR201213>{{#invoke:citation/CS1|citation |CitationClass=web }}</ref> It spent Template:INRConvert on employee benefit expenses during the FY 2012–13. The company was headed by Rahul Bajaj until 2005 whose net worth was around US$2 billion in March 2013. Currently, his son Rajiv Bajaj heads the company.<ref>{{#invoke:citation/CS1|citation |CitationClass=web }}</ref>