Saturday, 22 October 2011

Bajaj plans Rs 500-cr capex in 18 months; new Pulsar by January during Auto Expo 2012 - Officially confirmed




The country's second-largest motorcycle-maker Bajaj Auto will invest Rs 500 crore to add capacity and develop a new variant of the flagship Pulsar over the next 18 months."

We are investing Rs 500 crore till FY'13 for expansion. We had already spent Rs 150 crore last year," Bajaj Auto Finance President Kevin D'sa told reporters here today.

"Our market share is going to stay at 27 per cent for now, but as the Boxer catches on and as we introduce the new Pulsar in January, I certainly hope that we will gain market share. I hope for 30 per cent market share by the time we finish this year," he said.

Also in November 2011, Bajaj will complete a decade of its existence in the Indian Motorycle market .

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