ISSN (Print) - 0012-9976 | ISSN (Online) - 2349-8846

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BAJAJ TEMPO-Expansion Programme

(Rs lakh) The automobile industry has been on the upswing in the past year. With economic growth percolating to the agricultural and industrial sectors, the market for light commercial vehicles both for transportation of goods and passengers has expanded. Bajaj Tempo, incorporated in 1958, is engaged in the assembly and manufacture of three and four wheeler light commercial vehicles and diesel engines. The Firodias and the Bajajs are the major stake-holders in the company. Diamler Benz, Germany, was a major shareholder until it sold its stake to the Firodias. Technical collaboration with Diamler Benz however continues. The company is one of the largest spender on R and D in the industry as per cent of sales and offgrs 38 models in all.

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