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Bajaj Auto to invest Rs 575 crore in FY17

30 May 2016 Evaluate

In a bid to capture 25% share in the Indian motorcycle market, Bajaj Auto is planning to invest Rs 575 crore this fiscal, a major chunk of which will be used for launch of new products. The company is planning to launch an upgrade for the Platina (entry-level model) and a totally new Pulsar at the top-end in the next quarter. The company, which is currently strong in the entry level and top-end performance segment of the bike market, is looking to strengthen presence in the mid-executive segment.

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.

Peers
Company Name CMP
Bajaj Auto 9872.75
TVS Motor Company 3963.00
Hero MotoCorp 5040.00
Eicher Motors 7005.00
OLA Electric Mobilit 36.58
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