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Corporate - Alliances & Joint Ventures


Bajaj Tempo to enter HCV segment; ties up with MAN

Our Bureau


Mr Abhay Firodia, CMD, Bajaj Tempo Ltd, sitting in a cabin of yet to be launched new range of commercial vehicle at the Auto Expo in the Capital on Friday. - Kamal Narang

New Delhi , Jan. 16

AUTOMOBILE manufacturer, Bajaj Tempo Ltd, today announced that it would enter the heavy commercial vehicles (HCV) segment in the next 12 months following its technology tie-up with MAN of Germany.

The company also said that it would be investing Rs 400 crore to set up two manufacturing facilities for producing vehicles and CRDi engines.

"The sites under consideration for the two manufacturing facilities are Pune and Pithampur (near Indore) for producing the engines and vehicles respectively," Mr Abhay Firodia, Chairman and Managing Director, Bajaj Tempo said.

The initial capacity at the facility for HCVs, which would be in the range of 16 tonne to 50 tonne, would be about 6,000 units per annum.

MAN would be providing the technology for manufacturing of the vehicles. Mr Firodia said that Bajaj Tempo would supply engine components to its German partner, though declining to quantify it.

Incidentally, Bajaj Tempo at present assembles engines for all Daimler Chrysler cars in India.

The company currently is present in the light commercial vehicles, utility vehicles, three-wheelers and tractors segments.

More Stories on : Alliances & Joint Ventures | HCV/LCV/Tractors

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