MotorBeam – Indian Car Bike News & Reviews

Bajaj Auto will hike the prices of all its motorcycles by up to Rs 1,000/-. The price increase will be effective from January 1, 2011. The company has cited increase in input costs for the increment. Bajaj Hikes Motorcycle Prices

Bajaj Auto has started a campaign against piracy in the country. The Police have conducted raids on few automobile spare parts shops in Balaram Street, Mumbai, which were packing & selling counterfeit parts of Bajaj spare parts packed in non-genuine packing. These criminal actions not only infringe ‘Bajaj brand ‘ affecting brands credibility, but also [...]

Bajaj Auto plans massive distribution expansion in India as it looks to meet its growth targets. The company plans on adding 130 new dealerships and upgrading 1,100 service centers by the end of next year. The new dealers, largely in small towns, would take the total number to more than 600 dealerships across India. The [...]

Bajaj Auto International Holdings (BAIHBV), a Netherlands based wholly owned subsidiary of Bajaj Auto, has hiked its stake in Europe’s second largest bike manufacturer. The company purchased 2.44 lakh shares in KTM Power Sports, increasing the total shareholding to 38.09% from 35.7%. In April this year, Bajaj Auto had raised its shareholding to 35.7% from [...]

Bajaj Auto plans to increase its overall production capacity to 50 lakh units a year by the end of this fiscal. The company has three manufacturing plants at Waluj and Chakan in Maharashtra and Pantnagar in Uttarakhand which produces a total of 46 lakh units of 2 and 3-wheelers every year. Earlier this month, the [...]

Bajaj Auto has hiked prices of its two wheelers by upto 2%. The hike comes as a result of increasing input costs leading to pressure on margins. Bajaj Auto Hikes Prices By 2%

News in the media about Bajaj Auto having scrapped Renault India Low-Cost Car Joint Venture for Supply Agreement has been put to rest with Bajaj Auto confirming that the partnership is intact, and the project is on schedule. As per the understanding reached between Mr. Carlos Ghosn, President, Renault-Nissan Alliance and Mr. Rajiv Bajaj, Managing [...]

Bajaj Auto has said it will produce a car that will cost $2,500 (about Rs 1.1 lakh) in collaboration with the Renault-Nissan alliance. Bajaj Auto had entered into a partnership with Renault and Nissan to develop an ultra low cost car (ULC) in 2008, but the project got delayed due to differences between the partners [...]

KTM Power Sports, Europe’s second largest motorcycle manufacturer and World’s No I Off-Road Bike maker, closed a 42.99 Million Euro Capital increase on 16th April 201O. The Capital increase comprised of 13.24 Million Euros by way of conversion of loans and 29.75 Million Euros Cash rights issue. Bajaj Auto has invested Euro 20 Million in [...]