Bajaj Auto Ltd.

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.