Bajaj Auto Ltd. plans to raise production of its three-wheeled vehicles to 35,000 units a month by March from 30,000 now to meet rising demand in the local market, a senior company executive said.
Bajaj, India’s second-largest two-wheeler maker and the largest three-wheeler maker by sales, expects local demand to rise between 10% and 15% for the next two years, R.C. Maheshwari, chief executive for the commercial vehicle business, told Dow Jones Newswires recently.
“While demand for goods carriers has been declining, there has been a constant surge in demand for three-wheeled passenger carriers,” Mr. Maheshwari said.
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05Dec
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