15-06-2013, 02:12 PM
BAJAJ AUTO LIMITED
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INDUSTRY PROFILE
Around the turn of the 20th century, bicycle racing was big in the USA Bicycles would race around big curved tracks called velodromes aided by pacing machines powered by internal combustion engines. These pacers were made in Europe and often broke down. A young designer named Oscar Hedstrom built his own American pacer. He met up with a racer named George Hendee who had created a bicycle manufacturing plant in Springfield, MA. The two combined forces and created a bicycle powered by an engine developed by Hedstrom. Thus was born the Hendee Manufacturing Company and the Indian motorcycle. They chose the name Indian since it would signify an American product. George Hendee become known as the Big Chief (B.C) and Oscar Hedstrom became known as the Medicine Man. The factory was called the Wigwam and the dealer network was called the Tribe. The company finally changed its name from the Hendee Manufacturing Company to the Indian Motorcycle Company in 1923. The first V-twins from Indian were produced in 1907. Hedstrom left the company after a dispute in 1913,never to work in the motorcycle industry again. In another dispute within the newly formed company, Hendee also left the company in 1916. The company grew at a rapid rate but had many competitors, most notably Harley-Davidson. Indian competed with Harley-Davidson in the showrooms, on the tracks, and on the streets to determine which brand was better. The second part of this article gives details go out of business for all intents and purposes in 1954.
History Industry Development
India is the second largest manufacturer and producer of two-wheelers in the world. It stands next only to Japan and China in terms of the number of two-wheelers produced and domestic sales respectively. This distinction was achieved due to variety of reasons like restrictive policy followed by the Government of India towards the passenger car industry, rising demand for personal transport, inefficiency in the public transportation system etc.
The Indian two-wheeler industry made a small beginning in the early 50s when Automobile products of India (API) started manufacturing scooters in the country. Until 1958,API and Enfield were the sole producers.
In 1944, Bajaj auto began trading in imported Vespa scooters and three-wheelers. Finally, in 1960. It set up a shop to manufacture them in technical collaboration with Piggio of Italy. The agreement expired in 1971.
BAJAJ AUTO LIMITED
HISTORY:
The Bajaj Group came into existence during the turmoil and the heady euphoria of India’s freedom struggle. Jamanlal Bajaj, founder of the Bajaj Group, was a confident and disciple of Mahatma Gandhi, and was deeply involved in the effort for freedom. The integrity, dedication, resourcefulness and determination succeed which are characteristic of the Company today, are often traced back to it birth during those long days of relentless devotion to a common cause. Kamalnayan, the eldest son of Jamanlal Bajaj, succeeded his father in 1942, at the age of twenty-seven. Putting the Nation before business, he devoted himself to the latter only after India achieved independence in 1947. But when he did so, he put his heart and soul into it. Within a short while, he not only consolidated the Group, but also diversified into various manufacturing activities, elevating the Group to the status it enjoys till this day.
Rahul Bajaj today heads the Group. He has been the Chief Executive Officer of Bajaj since 1968 and is recognized as one of the most outstanding business leaders in India. As dynamic and ambitious as his illustrious predecessors, he has been recognized for his achievements at various national and international forums. Bajaj is currently India’s largest two and three wheeler manufacturer and one of the largest in World.
INTRODUCTION:
Founded in 1944, Bajaj manufacture motorcycles, scooters, mopeds and three-wheelers, selling them not only across India, but in Asia, Latin America and Europe.
Bajaj focuses its socially responsible business practices on rural development activities, principally around the areas where it has manufacturing plants. Bajaj Auto is one the leading 2 & 3 wheeler manufacturers in the world. With a presence across the globe, products to cater to every segment, Bajaj is now poised to drive growth for the future. We are constantly on the lookout for bright, ambitious team players who thrive in on innovation and challenge.