MoneyWorks4Me

Bajaj Auto plans to launch quadricycle by October 2014: Report

20 Jun 2014 Evaluate

Bajaj Auto, the second-largest motorcycle manufacturer, is reportedly planning to launch its four-wheeled passenger vehicle ‘quadricycle (RE60)’ by October 2014. The company has created a capacity of 60,000 per annum for the RE60 at its Waluj plant in Aurangabad in Maharashtra. The company has also developed a left-hand drive version of the RE60 for export markets

Bajaj Auto is a $2.3 billion company founded in 1926. It is world’s fourth largest two and three-wheeler manufacturer. The company had registered a 4% rise in total sales to 351,436 units in May 2014 against 339,348 units in May 2013. The sales of the motorcycles increased by 3% and stood at 313,020 units in the month under review against 304,780 units in May 2013.

Peers
Company Name CMP
Bajaj Auto 10032.50
TVS Motor Company 4022.00
Hero MotoCorp 5080.00
Eicher Motors 7059.00
OLA Electric Mobilit 36.69
View more..