The company has suffered losses due to the decline in exports. Bajaj Auto’s exports declined by 38 percent to 1,26,935 units last month. It was 2,03,273 units in the same month last year. The company’s two-wheeler wholesales in the country grew by almost 25 percent to 1,20,335 units. It was at 96,523 units in the same month last year. Its two-wheeler exports have decreased by about 37 percent. The company’s commercial vehicle wholesales grew by 22 percent to 44,870 units.
Bajaj Auto is planning to bring a new version of its Pulsar 220F. It is said to be the most popular two-wheeler in the country. Last month, the joint venture between Bajaj Auto and Switzerland-based sports bike brand KTM achieved the production milestone of one million KTM motorcycles. KTM motorcycles in India are manufactured at Bajaj Auto’s Chakan plant near Pune in Maharashtra. This plant can manufacture 2 lakh KTM bikes per year.
There was a partnership between the two companies 15 years ago. Under this, the production started with the KTM 200 Duke about 10 years ago. Since then the Bajaj Auto plant has become a production hub for KTM for 125-373 cc bikes. A large number of these bikes are sold in India and they are also exported to many countries. Rajiv Bajaj, Managing Director, Bajaj Auto, had said, “Motorcycles are our strength and the production of one million KTM motorcycles is a testimony to this.” Stefan Pierer, CEO, Pierer Mobility, owner of the KTM brand, said, “This is a momentous occasion for both KTM and Bajaj Auto as companies. We follow four pillars of success. These include operating as a global entity, Continually innovating, bringing in the right talent and building differentiated brands around the world.”