Monday, July 18, 2005

Bajaj Auto to invest in Indonesia

India's second-biggest motorcycle brand, Bajaj Auto Ltd is all set to set up a manufacturing plant in Indonesia to tap south east Asian markets The Pune-based motorcycle brand, which enjoys a huge brand equity in the scooter segment and dominates the market for three-wheeled motorised rickshaws in India, is also planning to set up a plant in Brazil in about 18 months. The brand is expected to use its large cash pile to fund its global forays. which uses technology from Japan's Kawasaki Heavy Industries Ltd to make some models in the world's number two bike market after China, will look to entering other south east Asian markets.