Bajaj Auto is aiming for an assembly plant in the free trade zone Manaus, Brazil. The project, slated for the FY11, is on the verge of locating the site and chalking out financial commitments. No details about the tie-up or all alone business are available. Bajaj is a well-known two wheeler company in India and has a largest assembly plant in Indonesia.
This follows the presence of its allies in Egypt, Nigeria, Iran and Colombia. In addition, there will be an expansion plan for its Aurangabad unit, which manufactures Kawasaki motorcycles and three-wheelers. The expansion will include commercial vehicles too. Everything depends on the demand, which shows the hike and other factors like the policies mooted by the governments in the centre and the state. By this September, the company has yielded a sales of 249,133 motor cycles which is an indication of 14.62% increase compared to last year’s 217,365 units. However, the net sales by the first six months of this fiscal were minus 3.37% (10, 82,368 units). Bajaj is doing overseas business in the countries like Latin America, Africa, the West Asia, South and South-East Asia, comprising one-third of the total production.