Bajaj has an arrangement with Kawasaki Heavy Marketplace of Japan to build country in the art motorcycles and three-wheelers in India. From its modest beginning, Bajaj has grown on the issue where it now exports to clients in more than fifty countries. According to business statistics, Bajaj exported over 196,000 vehicles in fiscal year 2005. Bajaj dominates the marketplace in countries such as Bangladesh, Columbia, Guatemala, Sri Lanka, Mexico, and Peru (2005).
To bolster its focus on exports, the company offers a full range of company services for foreign dealerships just like training in sales, service, and spare parts management. Also, in countries in which there is enough marketplace potential, Bajaj actively supports building or setting up manufacturing facilities during the host country even after this requires technology transfer. Exports now account for 11 percent on the sales volume and 12 percent with the importance of net sales.
According to a recent press release, Bajaj is experiencing dramatic growth. For example, motorcycle sales from the very first quarter of fiscal year 2006 grew at an astonishing 53 percent growth rate compared towards first fiscal quarter of 2005. To put real numbers to this statistic, Bajaj motorcycle sales increased from 276,000 from the very first fiscal quarter of 2005 to more than 422,000 inside the very first fiscal quarter of 2006.
SWOT Analysis: Environmental causes internal for the corporation are classified as strengths or weaknesses. Environmental reasons external towards firm are classified as opportunities and threats. Thus, threats must be addressed, and weaknesses needs to be converted to strengths whenever possible. The SWOT analysis for Bajaj Auto Limited is shown below:
To expand regionally beyond the borders of India and into nearby countries
As a symbol on the emerging economic power of India, its domestic and foreign offices may possibly turn out to be the focus of local protests or even violence.
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