Bajaj Auto is reportedly aiming to export 10,000 units of the Qute, its indigenously developed quadricycle, in FY17. In 2015-16, exports of the light four-wheeler closed at 334 units to 19 markets, ranging from Turkey and Russia to Indonesia and Peru.
The company is raising output at its Waluj (Aurangabad) factory to meet the export demand, expected at 500-plus units in April 2016.
Bajaj Auto is a $2.3 billion company founded in 1926. It is world’s fourth largest two and three-wheeler manufacturer. Bajaj Auto has three plants in all, two at Waluj and Chakan in Maharashtra and one plant at Pant Nagar in Uttaranchal.