IN - Bajaj Auto eyeing 10pct growth in auto division

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BS reported that eyeing 10% growth in commercial auto division Bajaj Auto plans to launch four new models in passenger and goods carrier segment within six months.

Mr RC Maheshwari CEO of Bajaj Commercial Division said that the company, which exports 50% of its passenger and goods vehicles to more than 17 countries is planning to manufacture eco friendly vehicles.

He said that “We are speaking to various state governments to promote LPG and CNG variants of our vehicles. All the four new launches will be either in petrol or LPG and CNG adding that diesel vehicles comprise only 30 per cent of its product portfolio.” He further added that “We push diesel variant in rural areas only where population is sparse.”