Financial Daily from THE HINDU group of publications
Saturday, Jan 17, 2004

Cross Currency

Group Sites

Corporate - Alliances & Joint Ventures

Bajaj Tempo to enter HCV segment; ties up with MAN

Our Bureau

Mr Abhay Firodia, CMD, Bajaj Tempo Ltd, sitting in a cabin of yet to be launched new range of commercial vehicle at the Auto Expo in the Capital on Friday. - Kamal Narang

New Delhi , Jan. 16

AUTOMOBILE manufacturer, Bajaj Tempo Ltd, today announced that it would enter the heavy commercial vehicles (HCV) segment in the next 12 months following its technology tie-up with MAN of Germany.

The company also said that it would be investing Rs 400 crore to set up two manufacturing facilities for producing vehicles and CRDi engines.

"The sites under consideration for the two manufacturing facilities are Pune and Pithampur (near Indore) for producing the engines and vehicles respectively," Mr Abhay Firodia, Chairman and Managing Director, Bajaj Tempo said.

The initial capacity at the facility for HCVs, which would be in the range of 16 tonne to 50 tonne, would be about 6,000 units per annum.

MAN would be providing the technology for manufacturing of the vehicles. Mr Firodia said that Bajaj Tempo would supply engine components to its German partner, though declining to quantify it.

Incidentally, Bajaj Tempo at present assembles engines for all Daimler Chrysler cars in India.

The company currently is present in the light commercial vehicles, utility vehicles, three-wheelers and tractors segments.

More Stories on : Alliances & Joint Ventures | HCV/LCV/Tractors

Article E-Mail :: Comment :: Syndication :: Printer Friendly Page

Stories in this Section
Cordite Factory goes on modernisation drive

TVS plans to roll out electric three-wheeler
Auto sector urged to tap outsourcing market
Getaways in the demerger route
Finolex Ind net doubles to Rs 28.4 cr
Morarjee Weaving to demerge tools unit
Lotte picks up 60.39% in Parrys Confectionery
Bajaj Tempo to enter HCV segment; ties up with MAN
War is a corporate weapon: WSF leaders
FACT board meet on Jan 31
Rs 1 lakh car very much on Tatas' radar
Zydus Cadila chalks out growth plans for US, Europe markets
Skoda may use India as hub for exports
Suzuki motorcycle to roll out in 2005
Yamaha targets 33 pc sales in 2004
Tata Motors chalks out plans for overseas foray
100 pc FDI cap may pave way for Shell's retail operations

The Hindu Group: Home | About Us | Copyright | Archives | Contacts | Subscription
Group Sites: The Hindu | Business Line | Sportstar | Frontline | The Hindu eBooks | The Hindu Images | Home |

Copyright 2004, The Hindu Business Line. Republication or redissemination of the contents of this screen are expressly prohibited without the written consent of The Hindu Business Line