- 27 Jun 2024
- ICICI Securities
Commissions an assembly plant in Brazil
BAJAJ-AUTO - 9502 Change: 84.20 (0.89 %)News: Bajaj Auto in a regulatory filing has informed exchanges that its wholly owned subsidiary (WoS) i.e. Bajaj Do Brasil Comercio De Motocicletas Ltda, has set up and commenced the commercial production at its new manufacturing plant at Av. do Turismo, Bairro Tarumã, Manaus, Brazil on 26th June 2024. The plant is equipped with engine and vehicle assembly as well as testing facilities and has a production capacity of 20,000 units per year in a single shift.
Views: This is Bajaj Auto’s first assembly plant outside India largely catering to the competitive motorcycle market of Brazil. Prior to this plant, Bajaj Auto used to sell Dominar range of motorcycles in Brazil. The said facility on the financial front is very small for Bajaj Auto with minimal impact, however it shall improve its competitive edge in Brazilian market.
Impact: Neutral