The 2&3 Wheeler industry comes under Consumer Cyclical group. It’s a Non-commodity type industry.

Industry Strengths

Availability of finance at cheap rates and through banks and private NBFCs.

Availability of world class technology and skilled manpower for R&D, designing and management of facilities.

Availability of cheap world class components, locally produced and imported.

Industry Weakness

Impacted by high interest rates and high fuel cost

Huge competition from MNCs in all segment of the industry

Impacted by weakening rupee which makes imports expensive and royalty payments high

Growth Drivers

Rapid urbanization and industrialization

Growing middle class disposable income leading to purchase of two-wheelers, passenger cars, SUV etcs.

Development of road infrastructure

Rapid growth of organized retailing which has lead to a demand for light and heavy commercial vechicles.

Governments support for agriculture sector and rural India

The company is an India-based manufacturer of motorcycles, three-wheelers and parts. Bajaj Auto is the second largest motorcycle manufacturer in India with a domestic market share of ~18%. The company has shown strong growth in exports that now forms nearly 40% of its total volumes.

The Company's plants include Waluj plant, Chakan plant and Pantnagar plant.

Segments and Products

The Company's vehicles include two-wheelers and commercial vehicles.

Its two-wheelers include New Discover 125, New Discover 150S, New Discover 150F, Platina 100, Platina 100 ES, Bajaj V, Bajaj V Avenger, Avenger Cruise 220, Pulsar RS 200, Pulsar FOS, Pulsar 200 NS, Pulsar 220, Pulsar 180, Pulsar 150, Pulsar 135 LS Discover, CT 100, CT 100B, Boxer BM150X, Avenger 220 Cruise, Avenger 220 Street, Avenger 150 Street, Pulsar AS 150 and Maxima-Cargo.