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bajaj auto ltd (BAJAJ-AUTO) Details

Bajaj Auto Ltd. manufactures and sells motor cycles, three-wheeler vehicles, and spare parts in India and internationally. The company offers its two-wheeler products under the Avenger, Pulsar, Discover, Platina, KTM, CT, Boxer, and Ninja brand names. The company sells its products and services through a network of dealers and distributors. Bajaj Auto Ltd. was founded in 1945 and is headquartered in Pune, India.

8,219 Employees
Last Reported Date: 06/26/14
Founded in 1945

bajaj auto ltd (BAJAJ-AUTO) Top Compensated Officers

Managing Director and Executive Director
Total Annual Compensation: 76.7M
Executive Chairman, Member of Remuneration & ...
Total Annual Compensation: 44.8M
Executive Vice Chairman
Total Annual Compensation: 32.3M
Compensation as of Fiscal Year 2014.

bajaj auto ltd (BAJAJ-AUTO) Key Developments

Bajaj Auto Ltd Reaches Settlement with the Workers Union at its Chakan Plant, Pune

Bajaj Auto Ltd. announced that it has reached a settlement with the workers union at its Chakan plant near Pune, under which the workers will get pay hikes of up to INR 10,000 and the union and the management will withdraw all cases pertaining to the plant within a fortnight. As per the wage pact, all permanent employees of BAL who have been with the company for more than five years would get a hike of INR 10,000 per month while those with three years or more tenure would get INR 9,500 per month. The wage pact, signed on 14 August, is effective for three years beginning 1 April 2013. The union has abandoned its earlier demand of 500 shares for every employee and the other demand for erection of a statue of the founder. The management, however, stuck to its position on the termination of the services of four employees who had indulged in violence during the strike, and the suspension of 13 others pending enquiry, as part of the 'Fair and firm' approach. Five other employees would remain suspended pending completion of the company-instituted enquiry committee.

Bajaj Auto Launches Two New Variants of Discover Brand of Motorcycles - 150F and 150S

Bajaj Auto launched two new variants of its Discover brand of motorcycles - the 150F and 150S. Discover range of motorcycle is priced up to INR 58,739 (ex-showroom Pune). While the Discover 150F is priced at INR 58,739, Discover 150S is available for INR 51,720 for drum and INR 54,725 for disc variants.

Bajaj Auto Ltd. Announces Sales Results for the Month and Year to Date Ended July 2014

Bajaj Auto Ltd. announced sales results for the month and year to date ended July 2014. For the month, the company has reported that total sales were 319,292 units, an increase of 13%, compared to 281,327 units in July 2013. Motorcycle sales for the month of July 2014 were 267,841 units, an increase of 9%, compared to 246,828 units in July 2013. Commercial vehicle sales for the month of July 2014 were 51,451 units, an increase of 49%, compared to 34,499 units in July 2013. Total exports for the month of July 2014 were 169,755 units, an increase of 54%, compared to 110,023 units in July 2013. For the year to date, the company has reported that total sales were 1,307,722 units, an increase of 4%, compared to 1,260,602 units a year ago. Motorcycle sales were 1,142,699 units, an increase of 3%, compared to 1,106,979 units a year ago. Commercial vehicle sales were 165,023 units, an increase of 7%, compared to 153,623 units a year ago. Total exports were 611,722 units, an increase of 29%, compared to 472,586 units a year ago.

 

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