Top Indian Companies: Bajaj Auto Limited

Bajaj Auto Limited is an Indian multinational two wheeler & three wheeler manufacturing company based in the city of Pune.

It manufactures motorcycles, scooters and auto rickshaws. Bajaj Auto is a part of the Bajaj Group. It was founded by Jamnalal Bajaj in Rajasthan in the 1940s.

The company has plants in Chakan, Waluj and Pantnagar. The oldest plant at Akurdi in Pune houses the R&D centre 'Ahead'.

Bajaj Auto is the world's third-largest manufacturer of motorcycles and the second-largest in India. It is the world's largest three-wheeler manufacturer.

In December 2020, Bajaj Auto crossed a market capitalisation of ₹1 lakh crore (US$13.6 billion), making it the world's most valuable two-wheeler company.

Bajaj Auto was established on 29 November 1945 as M/s Bachraj Trading Corporation Private Limited. It initially imported and sold two- and three-wheelers in India.

In 2007, Bajaj Auto, through its Dutch subsidiary Bajaj Auto International Holding BV, purchased a 14.5% stake of Austrian rival KTM, gradually increasing its stake to a 48% non-controlling share by 2020. Bajaj Auto is a Nifty 50 company with a weightage of 0.57% on the index.

Products

Motorcycles produced by Bajaj include the CT 100 Platina, Discover, Pulsar, Avenger,and Dominar.

Auto rickshaw (three wheeler

Bajaj is the world's largest manufacturer of auto rickshaws and accounts for almost 84% of India's three-wheeler exports.

Low cost cars

In 2010, Bajaj Auto announced cooperation with Renault and Nissan Motor to develop a US$2,500 car.

On 3 January 2012, Bajaj auto unveiled the Bajaj Qute (formerly Bajaj RE60), a mini car for intra-city urban transportation, which is legally classified as a quadricycle. The target customer group was Bajaj's three-wheeler customers.

Electric scooters

Bajaj launched its first electric scooter, the Chetak, in India in January 2020. In December 2021, Bajaj announced an investment of ₹300 crore to build an electric vehicle production facility in Pune.

According to the company, the plant would be able to produce 5,00,000 electric vehicles (EVs) each year, catering to both domestic and international markets.[

The Shareholding Pattern page of Bajaj Auto Ltd. presents the Promoter's holding, FII's holding, DII's Holding, and Share holding by general public etc.

Holder's Name No of Shares % Share Holding

No of Shares 289367020 100%

Promoters 155489529 53.73%

Foreign Institutions 29528036 10.2%

Banks Mutual Funds 14549267 5.03%

Others 19465089 6.73%

General Public 46619467 16.11%

FY2023 Q4 and Full Year Result

Bajaj Auto on Tuesday reported a marginal rise in standalone Profit After Tax at Rs 1,468.95 crore for the three months to March 2023.

It had posted a standalone PAT of Rs 1,432.88 crore in Q4 FY22, Bajaj Auto Ltd said in a release.

The company's revenue from operations during the quarter under review increased 12 per cent to Rs 8,905 crore from Rs 7,974.84 crore in the January-March period of FY22, it added.

The growth in revenue from operations was led by the sustained momentum of the domestic business that delivered strong volume-led revenue growth of more than 50 per cent year-on-year, it noted.

At the same time, EBITDA maintained its strong run, growing 26 per cent year-on-year to Rs 1,718 crore, with margin accretion of 220 basis points to 19.3 per cent, Bajaj Auto said.

It also said that domestic motorcycle sales during the quarter under review continued to deliver well, buoyed by the strong performance of the Pulsar portfolio and further scale-up in Platina 110 ABS volumes.

Three-wheeler sales crossed the 100K units milestone for the first time since the pandemic, Bajaj Auto said.

While exports progressively worsened, given the deteriorating macros across overseas markets, a close watch on developments and decisive actions to salvage volumes ensured that Bajaj Auto's competitiveness was intact with overall market share holding steady.

For the full fiscal 2022-23, standalone PAT rose 12 per cent to Rs 5,627.60 crore from Rs 5,018.87 crore recorded in FY22, the company said.

Its revenue from operations grew 10 per cent year-on-year to an all-time high of Rs 36,428 crore despite constrained supplies early on and particularly challenging overseas markets for the most part of the year, Bajaj Auto said.

ESG

BAL has adopted an environment-friendly approach in all its Company initiatives, manufacturing processes and technological innovations. The same is extended to CSR as BAL supports multiple initiatives such as water conservation in the drought-prone districts of Aurangabad and spring revival in the distant locations of Kumaon.

During the year under review, BAL has made a fund allocation worth of H 30.06 Crore in the Environmental Sustainability sector.