MoneyWorks4Me

Bajaj Auto planning to expand 3-wheeler, quadricycle capacity to 1-million a year

07 Sep 2018 Evaluate

Bajaj Auto is planning to expand its 3-wheeler and quadricycle capacity to one million per year following the government's decision to exempt EVs and automobiles run on alternative fuel from permit requirements. The demand for 3-wheelers in the country has seen a surge in the past 12 months owing mainly to permits released in Maharashtra, Karnataka, AP and Delhi. 

Bajaj Auto 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 9861.10
TVS Motor Company 3920.20
Hero MotoCorp 4991.10
Eicher Motors 6960.00
OLA Electric Mobilit 36.30
View more..