Bajaj Auto inaugurates new plant in Uttaranchal

Our Corporate Bureau
10 April 2007

Pantnagar: Bajaj Auto has inaugurated its greenfield plant in Pantnagar, Uttarakhand, which will enable it to receive tax rebates.

Following this, the company has announced a cut of as much as
Rs 3,000 in the prices of its 100 cc model Platina, among the first few bikes to be manufactured here.

The company said it has priced Platina at Rs 33,000 down from the earlier Rs 36,000. Earlier the company had earlier that it would exit this segment soon. By July, the company plans to roll out a new motorcycle in the executive category, which could be priced around Rs 40,000.

Rajiv Bajaj, managing director, Bajaj Auto dismissed the claim of Bajaj foraying into the small car segment or partnering with Tata Motors. He said the focus of the company would remain on the four-wheeler cargo, which it would launch by 2009.

The plant at Uttarakhand, Bajaj said, would address the overseas market in the future. While there was no fixed timeframe by when they would start exporting from the plant, it has been built to scale up capacity for exports to Indonesia where it seeks to gain its market share.