Bajaj has an arrangement with Kawasaki Heavy Industry of Japan to make nation with the art motorcycles and three-wheelers in India. From its small beginning, Bajaj has grown on the factor in which it now exports to shoppers in over fifty countries. Based on company statistics, Bajaj exported over 196,000 vehicles in fiscal year 2005. Bajaj dominates the market in countries including Bangladesh, Columbia, Guatemala, Sri Lanka, Mexico, and Peru (2005).
To bolster its focus on exports, the business offers a full number of organization services for foreign dealerships for example training in sales, service, and spare parts management. Also, in countries exactly where there's sufficient industry potential, Bajaj actively supports building or setting up manufacturing facilities in the host region even when this requires technology transfer. Exports now account for 11 percent on the sales volume and 12 percent in the significance of web sales.
According to a recent press release, Bajaj is experiencing dramatic growth. For example, motorcycle sales within the very first quarter of fiscal year 2006 grew at an astonishing 53 percent growth rate compared towards first fiscal quarter of 2005. To put actual numbers to this statistic, Bajaj motorcycle sales elevated from 276,000 during the very first fiscal quarter of 2005 to over 422,000 in the very first fiscal quarter of 2006.
SWOT Analysis: Environmental reasons internal on the company are classified as strengths or weaknesses. Environmental reasons external towards corporation are classified as opportunities and threats. Thus, threats need to be addressed, and weaknesses should be converted to strengths whenever possible.
Bajaj is subject to local regulations in each country in which it operates which adds complexity to its export plans.
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