Financial Daily from THE HINDU group of publications
Saturday, Apr 29, 2006
Financial Daily from THE HINDU group of publications Saturday, Apr 29, 2006 |
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Corporate
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New Projects Bajaj Auto plans Rs 1,500-cr expansion Our Bureau
Pune , April 28 An estimated outlay of Rs 1,500 crore spread over the next three years has been approved by the board of directors of Bajaj Auto Ltd here today. The board has cleared projects towards capacity building, research and development, new model developments, pro biking showrooms (company's high-end retail initiative) across the country and a new "learning centre" at Akurdi. These requirements will be financed by the company's own funds, Mr Sanjiv Bajaj, Executive Director, Bajaj Auto Ltd, has said here today. He also noted that for fiscal 2007, the company is targeting a volume of 2.85 million units , including exports of about 365,000 units. Mr Sanjiv Bajaj said the company would be enhancing its production capacity from 3.5 million to 5.1 million vehicles per annum by 2009 and the greenfield project being set up at Pantnagar in Uttaranchal with a capacity of 1 million motorcycles.
More Stories on : New Projects | Two/Three Wheelers | Bajaj Auto Ltd
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