Two-wheeler major Bajaj Auto is looking for a big-ticket acquisition in the European motorcycle market. According to sources in the auto industry, cult bike companies Ducati Motor Holding of Italy and Triumph Motorcycles of the UK are among the possible targets. When contacted, Bajaj Auto MD Rajiv Bajaj refused to comment.
Bajaj Auto—the market leader in the performance segment in India, thanks to the Pulsar twins and Avenger—has been looking for an alliance or acquisition to possess enough engineering and product development expertise to crank out cruisers and higher displacement bikes in the 200 cc plus range.
A big-ticket European brand like Ducati or Triumph will not only give Bajaj products in the premium lifestyle range in India but also a vehicle to drive export growth in the developed markets.
Ducati, the e305-million ($420 million) Italian icon that clocked about e10 million in operating profits in the first quarter of the calendar year. Its product roster includes such ever-green classics as the Monster (dubbed the ‘original naked bike’), the Multistrada and the 1098 super bike. Nearly all its products are in the 700 cc and above range and the brand has a formidable reputation in the MotoGP series as well.
As for Triumph, this cult bike company is all British with a plant in Hinckley. Its roster includes everything from the iconic Bonneville of the 60s to the latest range including the Rocket III and the Speed Triple. The £165-million ($336 million) company has cruisers, urban sports bikes and other lifestyle products in its range including apparel and accessories, as does Ducati.
(Source: Economic Times )
Showing posts with label Bajaj Auto. Show all posts
Showing posts with label Bajaj Auto. Show all posts
Thursday, July 19, 2007
Sunday, July 15, 2007
Bajaj may join hands with Renault
Nissan Renault boss Carlos Ghosn’s pet $3,000 car project could trigger off a new partnership for Renault in India with Bajaj Auto (BAL). BAL MD Rajiv Bajaj will meet top Renault officials in Paris shortly to discuss a possible partnership.
The small car partnership could be part of a larger alliance between Renault and Bajaj Auto covering commercial vehicles as well. Initial discussions on this front have already begun. When contacted Mr Bajaj refused to comment. Carlos Ghosn has already announced that the combine would develop a $3000 small car using Indian expertise. The car is Renault’s big pitch for global volumes after the Logan and will be positioned below it.
Renault’s current partner in India is Mahindra & Mahindra with which the French company has two separate joint ventures. Mahindra Renault, a largely marketing company, is in charge of selling Renault’s global low-cost sedan Logan in India. Sources say M&M is not interested in the $3000 car project because it’s long-term strategy is to be a global player in the SUV market.
(Source:Economic Times)
The small car partnership could be part of a larger alliance between Renault and Bajaj Auto covering commercial vehicles as well. Initial discussions on this front have already begun. When contacted Mr Bajaj refused to comment. Carlos Ghosn has already announced that the combine would develop a $3000 small car using Indian expertise. The car is Renault’s big pitch for global volumes after the Logan and will be positioned below it.
Renault’s current partner in India is Mahindra & Mahindra with which the French company has two separate joint ventures. Mahindra Renault, a largely marketing company, is in charge of selling Renault’s global low-cost sedan Logan in India. Sources say M&M is not interested in the $3000 car project because it’s long-term strategy is to be a global player in the SUV market.
(Source:Economic Times)
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