With the formal launch of two new commercial vehicles recently- RE145D and RE445M, Bajaj is set to roll down a net 5 new commercial vehicles. In all there will be 17 products in this platform with no time bound launches. RE 145 D has the option of CNG, LPG and petrol while RE445M is exclusive diesel version. Two vehicles are in the offing for this Quarter, with the increased capacity- 40000 units from 35000 units- in Waluj plant, said the company’s CEO for commercial vehicles.
The investment for expansion of these platforms is Rs15-20 crore. The current FY for Bajaj may romp home an increase of 15% with the export market to Srilanka, Egypt and Nigeria tolling to 168000 three wheelers. The installation of separate production facility for three wheelers overseas is highly depended on the feedback. However, the proposed increase in motorcycle production in April is 3lakh units –(3.6 lakh) and 4 lakh three wheeler units per year. The company has come out with an aggressive R&D unit at Akurdi in Pune with the expansion plan on the cards.