New
Delhi: Bajaj Tempo Ltd (BTL), a leading Indian automobile
player, has achieved a remarkable 28-per cent growth in
sales across its product range up to the third quarter
(April-December) of the current financial year 2002-03,
over the corresponding period last FY.
Of the four product
lines that BTL operates in, the year-to-date sales of
the companys light commercial vehicles (both small
trucks and vans), multi-utility vehicles (passenger and
goods), three-wheelers (passenger and goods carriers)
have witnessed a significant increase of 20 per cent,
vis-à-vis the same period last financial. The growth
has mainly come from goods-carrying versions of the vehicles.
Additionally, BTLs
hi-tech tractor division continues to forge ahead. Up
to the third quarter of the current fiscal, the company
posted a stunning 75-per cent increase in its tractor
sales, vis-à-vis the same period last year. The
remarkable growth attained by BTLs tractor division
is in sharp contrast to the significant drop in sales
of 20 per cent witnessed by the tractor industry.
Tempo is aggressively
expanding its dealer network in rural and semi-urban areas
throughout the country. The company is confident of achieving
further boost in sales in the last quarter of the current
financial year.
Bajaj Tempo,
a Firodia enterprise, a Rs 652 crore-turnover company,
has a presence in four major product lines in the automobile
industry - light commercial vehicles, utility vehicles,
three-wheelers and tractors. BTLs four areas of
excellence include research and development, production
engineering, power-packed manufacturing and high-tech
vehicle assembly.
BTL has a strong
R&D department, using a 100-terminal CAD installation
and modern-testing facilities staffed by 400 young engineers
and technicians. The production engineering unit is backed
by a modern CAM tool room and is run by 450 young and
skilled engineers and staff.
BTL is a fully
integrated automobile company with an in-house foundry,
press shops, robotised body welding, electrophoretic dip
painting for vehicles and high quality assembly facilities
for vehicles and tractors. The BTL infrastructure has
state-of-the-art CNC facilities for manufacturing of engines
and transmission components.
The
companys investment over the last decade has been
around Rs 500 crore, especially in the areas of R&D,
technological upgrading and plant modernisation.
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