The country's second-largest motorcycle-maker Bajaj Auto is going to invest Rs 500 crores to add capacity of its existing plants and to develop a new variant of its best seller Pulsar over the next one and half months.
Bajaj Auto had already spent Rs 150 crore last year for the same purpose. This whole investment includes the development cost of the new pulsar, which will be based on a new technology. This technology promises to be more efficient and high performing compared to the DTSi engines.
The company reported a muted 6% rise in net income to Rs 726 crore for the September quarter on a revenue of Rs 5,342 crore, which rose 21% as its sales volume grew 16% to 1,164,137 units.
With production of over 2.25 million units in the first half, the Pune-based company believes the momentum is in place to end the year at around 4.5 million units. Bajaj with its new variants has already entered Argentina, Columbia and Peru, and is looking at entering into Brazil.
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