Bajaj Tempo registers 28% overall growth up to 2002-03 Q3

Our Corporate Bureau
09 January 2003

Of the four product lines that BTL operates in, the year-to-date sales of the company’s light commercial vehicles (both small trucks and vans), multi-utility vehicles (passenger and goods), three-wheelers (passenger and goods carriers) have witnessed a significant increase of 20 per cent, vis-à-vis the same period last financial. The growth has mainly come from goods-carrying versions of the vehicles.

Additionally, BTL’s hi-tech tractor division continues to forge ahead. Up to the third quarter of the current fiscal, the company posted a stunning 75-per cent increase in its tractor sales, vis-à-vis the same period last year. The remarkable growth attained by BTL’s tractor division is in sharp contrast to the significant drop in sales of 20 per cent witnessed by the tractor industry.

Tempo is aggressively expanding its dealer network in rural and semi-urban areas throughout the country. The company is confident of achieving further boost in sales in the last quarter of the current financial year.

Bajaj Tempo, a Firodia enterprise, a Rs 652 crore-turnover company, has a presence in four major product lines in the automobile industry - light commercial vehicles, utility vehicles, three-wheelers and tractors. BTL’s four areas of excellence include research and development, production engineering, power-packed manufacturing and high-tech vehicle assembly.

BTL has a strong R&D department, using a 100-terminal CAD installation and modern-testing facilities staffed by 400 young engineers and technicians. The production engineering unit is backed by a modern CAM tool room and is run by 450 young and skilled engineers and staff.

BTL is a fully integrated automobile company with an in-house foundry, press shops, robotised body welding, electrophoretic dip painting for vehicles and high quality assembly facilities for vehicles and tractors. The BTL infrastructure has state-of-the-art CNC facilities for manufacturing of engines and transmission components.