traded as bse 532977 nse bajaj auto bse sensex constituent cnx nifty constituent industry automotive founded november 29 1945 founder jamnalal bajaj headquarters pune india key people rahul bajaj chairman rajiv bajaj md products motorcycles three wheeler vehicles and cars revenue 226.8759 billion us 3.4 billion 2015 16 1 net income 35.6254 billion us 530 million 2015 16 number of employees 9 119 march 2014 2 parent bajaj group website www.bajajauto.com bajaj auto limited is an indian two wheeler and three wheeler manufacturing company . 3 bajaj auto manufactures and sells motorcycles scooters and auto rickshaws . bajaj auto is a part of the bajaj group . it was founded by jamnalal bajaj in rajasthan in the 1940s . it is based in pune mumbai with plants in chakan pune waluj near aurangabad and pantnagar in uttarakhand . 4 the oldest plant at akurdi pune now houses the r & d centre ahead . bajaj auto is the world s sixth largest manufacturer of motorcycles and the second largest in india . 5 it is the world s largest three wheeler manufacturer . not in citation given on may 2015 its market capitalisation was 640 billion us 9.5 billion making it india s 23rd largest publicly traded company by market value . 6 the forbes global 2000 list for the year 2012 ranked bajaj auto at 1 416 . 4 contents 1 history 2 products 2.1 motorcycles 2.2 three wheelers 2.3 low cost cars 3 timeline of new releases 4 acquisitions 4.1 ktm power sports ag 5 demerger in 2008 6 listing and shareholding 6.1 listing 6.2 shareholding 7 employees 8 awards and recognitions 9 see also 10 references 11 external links history edit bajaj scooter built under license from vespa bajaj auto came into existence on 29 november 1944 as m s bachraj trading corporation private limited . 7 it started off by selling imported two and three wheelers in india . 7 in 1959 it obtained a licence from the government of india to manufacture two wheelers and three wheelers 7 and it became a public limited company in 1960 . 8 in 1970 it rolled out its 100 000th vehicle . 8 in 1977 it sold 100 000 vehicles in a financial year . 8 in 1985 it started producing at waluj near aurangabad . 8 in 1986 it sold 500 000 vehicles in a financial year . 8 in 1995 it rolled out its ten millionth vehicle and produced and sold one million vehicles in a year . 9 with the launch of motorcycles in 1986 the company has changed its image from a scooter manufacturer to a two wheeler manufacturer . according to the authors of globality competing with everyone from everywhere for everything bajaj has operations in 50 countries creating a line of bikes targeted to the preferences of entry level buyers . 10 products edit bajaj pulsar 180 dtsi bajaj re auto rickshaw main article list of bajaj auto products bajaj manufactures and sells motorcycles scooters auto rickshaws and most recently cars . bajaj auto is india s largest exporter of motorcycles and three wheelers . 1 bajaj auto s exports accounted for approx . 35 % of its total sales . 47 % of its exports are made to africa . boxer motorcycle is the largest selling single brand in africa . motorcycles edit motorcycles in production are the platina discover pulsar and avenger and ct100 . bajaj also distributes motorcycles in india for other manufacturers such as the kawasaki ninja 250r 11 the ninja 650r and new for 2012 the ktm duke 200 & 390 citation needed in fy 2012 13 it sold approx . 3.76 million motorcycles which accounted for 31 % of the market share in india . of these approx . 2.46 million motorcycles 66 % were sold in india and remaining 34 % were exported . three wheelers edit it is the world s largest manufacturer of 3 wheelers and accounts for almost 84 % of india s three wheeler exports . during the fy 2012 13 it sold approx . 480 000 three wheelers which was 57 % of the total market share in india . out of these 480 000 three wheelers 53 % were exported and remaining 47 % were sold in india . low cost cars edit in 2010 bajaj auto announced cooperation with renault and nissan motor to develop a us 2 500 car aiming at a fuel efficiency of 30 kilometres per litre 85 mpg imp ; 71 mpg us 3.3 l 100 km or twice an average small car and carbon dioxide emissions of 100 g km . 12 13 on 3 january 2012 bajaj auto unveiled the bajaj re60 a mini car for intra city urban transportation . the target customer group will be bajaj s three wheeler customers . 14 according to its managing director rajiv bajaj the re60 powered by a new 200 cc rear mounted petrol engine will have a top speed of 70 kilometres per hour 43 mph a mileage of 35 kilometres per litre 99 mpg imp ; 82 mpg us and carbon dioxide emissions of 60 g km . 14 15 timeline of new releases edit year products note ref 1961 1971 vespa 150 under the licence of piaggio of italy 1971 bajaj 150 scooter a clone of the vespa 150 was sold for limited period . 1971 three wheeler goods carrier . 1972 bajaj chetak 1976 bajaj super 1976 bajaj priya 1977 rear engine autorickshaw 1981 bajaj m 50 1986 bajaj m 80 kawasaki bajaj kb100 1990 bajaj sunny 1991 kawasaki bajaj 4s champion 1993 bajaj stride 1994 bajaj classic 1995 bajaj super excel 1996 bajaj sx enduro 1997 bajaj kb125 kawasaki bajaj boxer rear engine diesel autorickshaw 1998 kawasaki bajaj caliber bajaj super 99 1999 bajaj legend bajaj bravo bajaj chetak 99 bajaj spirit 16 2000 bajaj saffire bajaj prowler 2001 eliminator bajaj pulsar kawasaki bajaj aspire caliber croma 2003 caliber 115 kawasaki bajaj wind 125 bajaj pulsar dts i 2004 bajaj ct 100 new bajaj chetak 4 stroke with wonder gear bajaj discover dts i 2005 bajaj wave bajaj avenger bajaj discover 112 2006 bajaj platina 2007 bajaj pulsar 200 oil cooled bajaj kristal bajaj pulsar 220 dts fi fuel injection xcd 125 dts si 2008 bajaj discover 135 dts i sport upgrade of existing 135 cc model 2009 bajaj pulsar 135 bajaj xcd 135 cc bajaj pulsar 150 dts i ug iv bajaj pulsar 180 dts i ug iv bajaj pulsar 220 dts i bajaj discover 100 dts si kawasaki ninja 250r 2010 bajaj discover 150 2011 bajaj discover 125 2012 bajaj re 60 mini car for intra city urban transportation 2012 bajaj pulsar 200 ns discover 125st 17 2013 bajaj discover 125st discover 100t 2014 bajaj discover 150f 150s 18 2015 bajaj platina 100 es bajaj ct 100 re introduced pulsar rs 200 pulsar as200 pulsar as150 pulsar ns150 bajaj discover 125 avenger 150 & 220 street 2016 bajaj v15 19 acquisitions edit bajaj auto bought a controlling stake in the tempo firodia company renaming it bajaj tempo . germany s daimler benz a long time collaborator with firodia because of their ownership of the original tempo works in germany owned 16 % of bajaj tempo . daimler sold their stake back to the firodia group in 2001 meaning that they once again held a controlling interest with bal retaining 24 % of the shares . it was agreed that bajaj tempo would gradually phase out the use of the tempo brand name as it still belonged to mercedes benz . 20 the name of the company was changed to force motors in may 2005 dropping bajaj as well as tempo over the objections of bajaj auto with whom the company shares a long history as well as a compound wall . 21 ktm power sports ag edit in november 2007 bajaj auto acquired 14.5 % stake in ktm power sports ag holding company of ktm sportmotorcycles ag . the two companies have signed a cooperation deal by which ktm will provide the know how for joint development of the water cooled four stroke 125 and 250 cc engines and bajaj will take over the distribution of ktm products in india and some other southeast asian nations . 22 as on 31 march 2013 bajaj auto held 47.96 % stake in the company . demerger in 2008 edit the demerger of bajaj auto ltd into three corporate entities bajaj finserv ltd bfl bajaj auto ltd bal and bajaj holdings and investment ltd bhil was completed with the shares listing on 26 may 2008 . 23 24 listing and shareholding edit listing edit bajaj auto s equity shares are listed on bombay stock exchange where it is a constituent of the bse sensex index 25 and the national stock exchange of india where it is a constituent of the cnx nifty . 26 shareholding edit on 30 sep 2015 49.29 % of the equity shares of the company were owned by the promoters bajaj group and the remaining were owned by others . shareholders as on 30 sep 2015 shareholding % promoters priya group 49.29 % mutual funds fi s and insurance companies 08.13 % foreign institutional investors 14.25 % individual shareholders 15.12 % bodies corporate 08.25 % foreign portfolio investments corporation 03.51 % gdrs 00.02 % others 01.43 % total 100.0 % 27 employees edit bajaj auto had a total of 8 036 employees as of 31 march 2013 of which 51 were women 0.63 % and 25 were differently abled 0.31 % . 28 it spent 6.5 billion us 97 million on employee benefit expenses during the fy 2012 13 . the company is headed by rahul bajaj whose net worth was around us 2 billion in march 2013 . 29 awards and recognitions edit bajaj pulsar 135 ls received bike of the year 2010 award from bbc topgear and bike india . 30 pulsar 220 dts fi received the bike of the year 2008 award by all major indian automobile magazines like overdrive autocar business standard motoring and bike top gear . 31 in 2006 bajaj auto won the frost & sullivan super platinum award for manufacturing excellence in its chakan plant . 32 it received award for the most customer responsive company in automobiles category in a survey conducted by economic times for the years 2004 2006 and 2008 . 33 bajaj auto received the bike maker of the year award in icici bank overdrive awards 2004 . 34 bajaj pulsar 180 dts i won the bbc world wheels viewers choice two wheeler of the year 2003 award . 35 see also edit list of motorcycle manufacturers list of scooter manufacturers companies portal references edit a b bajaj auto quarterly results . retrieved 23 july 2016 . http www.bajajauto.com report bal 2014 for web1.pdf company profile bajaj auto . indiainfoline . retrieved 27 october 2013 . a b bajaj auto at forbes . forbes . 31 may 2013 . retrieved 27 october 2013 . news article . reuters . 17 may 2012 . retrieved 22 may 2012 . table 4 12 top 50 companies by market capitalisation as on march 31 2013 . nse india . 31 march 2013 . retrieved 27 october 2013 . a b c achievements 1945 1959 . bajaj auto . retrieved 27 october 2013 . a b c d e achievements 1960 1991 . bajaj auto . retrieved 27 october 2013 . achievements 1992 2009 . bajaj auto . retrieved 27 october 2013 . sirkin harold l ; james w. hemerling and arindam k. bhattacharya 11 june 2008 . globality competing with everyone from everywhere for everything . new york business plus 304 . isbn 0 446 17829 2 . kawasaki ninja 25 chutia 0r kawasaki ninjm124 ; sports bike probiking 250cc sports bike bajaj auto india . bajajauto.com . archived from the original on 3 february 2011 . retrieved