Bajaj Auto To Hike Production Capacity
Bajaj India plans to increase its overall production capacity to fifty lakh units a year by the end of this fiscal. The company has three manufacturing plants at Waluj and Chakan in Maharashtra and Pantnagar in Uttarakhand which produces a total of foury six lakh units of 2 and 3-wheelers every year. Earlier in october, the company commissioned Plant II at their Pantnagar facility taking the capacity to fifteen lakh units of motorcycles per year from 12 lakhs. By 31st March 2011, total capacity at the plant will reach 18 lakh units per annum. Motorcycle capacity at Waluj will remain the same and there will not be any capacity hike at the Chakan plant, which has can produce 12 lakh units a year.
This year Bajaj Auto had earmarked between Rs. 150 crore and Rs. 200 crore for capex, including capacity expansion, research and development, modernisation, replacement and support systems. In the beginning of the year Bajaj had stated that they will be advertising a total of four million 2 and 3 wheelers. Bajaj Bikes has been breaking sales record. The Last best was achieved in the preceding quarter of this fiscal. Of total bike sold by Bajaj, 86 percent is from high end Pulsar and Discover motorcycles.