14-04-2014, 11:34 AM
Company Profile Presentation
Company Profile.pptx (Size: 1.91 MB / Downloads: 16)
BACKGROUND
Founded in 1926 A.D. by Jamnalal Bajaj.
Initially known as Bachraj Trading Corporation Ltd., a trading company.
In mid-40’s started as an importer of 2-&3-wheelers.
In 1959, secured a License from GoI to manufacture 2- & 3-wheelers.
In 1960 A.D. was renamed as BAL.
In 1960, started manufacturing & exports of motorscooters, motorcycles & automobiles.
Bajaj History
On November 29, 1945 Bajaj Auto came into existence as M/s Bachraj Trading Corporation Private Limited.
It started off by selling imported two- and three-wheelers in India.
In 1959, it obtained license from the Government of India to manufacture two- and three-wheelers and it went public in 1960.
In 1970, it rolled out its 100,000th vehicle.
In 1977, the technical collaboration agreement with Piaggio of Italy expired
In 1977, it managed to produce and sell 100,000 vehicles in a single financial year.
In 1985, it started producing at Waluj in Aurangabad.
In 1986, it managed to produce and sell 500,000 vehicles in a single financial year.
Bajaj entered into a strategic tie-up with Kawasaki in late 1990s to enhance its product line and knowledge up-gradation.
Bajaj Auto records under 1% fall in net profit
India's second biggest two-wheeler manufacturer, Bajaj Auto has said that it has recorded a fall of 0.77 per cent in net profit for the quarter till March 2013.
The company recorded a net profit of Rs. 766 crore for the quarter form January to March, 2013 compared to Rs. 772 crore recorded in the same quarter of the previous year. The fall in net profit was recorded after four quarters and was mainly due to weak demand for vehicles in the country as well as increased contribution of other income.