Bajaj Auto’s recent recognition as the world’s most valuable maker of Two-wheeler with the market capitalization crossing USD 13.6 Billion is unlikely to surprise many in Bangladesh given it’s undisputed leadership in Bangladesh Two-wheeler market backed with strong association with Bangladesh’s reputed Uttara Motors Ltd.
This development comes as India’s largest two-wheeler exporter completes its 75 years of operations.Commenting on the milestone, Milind P Bade, Vice President, International Business, Bajaj Auto Ltd, India said “Bajaj Auto exports motorcycles to more than 70 countries across the world. It enjoys market leadership in key countries on account of its sharp product strategies and focus on differentiated customer experience making Bajaj the most valuable two-wheeler company across the globe”.
He further said “Bangladesh is one of the largest & fastest growing Motorcycle & 3 wheeler market in the world. Bajaj is committed to Bangladesh market with our esteemed partner Uttara Motors to keep on delivering world-class products to our customers backed with best-in-class customer experience”.
Speaking about this milestone, Matiur Rahman, Chairman and Managing Director, Uttara Motors Ltd, said “I am delighted with the news of Bajaj Auto Ltd becoming the most valuable two-wheeler company in the world. We have been associated with Bajaj from late seventies, now we have established a Motorcycle Manufacturing plant in Dhaka where we can manufacture more than 2,50,000 units per year including high-end motorcycles.
The demand for sports motorcycles are increasing in Bangladesh, as the customers get the best in technology, safety and performance from premium bikes such as Pulsar. Bangladeshi youth loves Bajaj Motorcycles and our leadership in the motorcycle segment is testimony of the same.”
About Bajaj Auto Ltd
Bajaj Auto is the flagship company of the Bajaj Group. The Bajaj Group is amongst the top 10 business houses in India. Founded in 1926, at the height of India’s movement for independence, the Group has an illustrious history. Bajaj Auto is the world’s third largest manufacturer of motorcycles and the largest manufacturer of three wheelers. It has its manufacturing facilities located at Chakan near Pune, Waluj near Aurangabad, and at Pantnagar in Uttarakhand. The Company’s motorcycles and three wheelers are sold all over the world in more than 70 countries including India. The Company has an in-house, state-of-the-art R&D Centre actively developing new products and technologies driving its business growth. Bajaj Auto is India’s No.1 motorcycle and 3-wheeler exporter, with two out of three bikes and 3 wheelers exported from India being made by Bajaj.About Uttara Motors Ltd
Uttara Motors Ltd. one of the leading and renowned automobile importer, manufacturer, assembler and marketing company commandsleadership position in the Motorcycle and 3Wheeler segments in Bangladesh. Uttara Motors is marketing most popular and highest selling Bajaj products for last 4 decades through its own 15 Branch offices and above 300 3S (Sales, Service & Spare) dealers and provide after sales service in every corner of Bangladesh. Uttara Motors is the distributor of Bajaj Motorcycles and 3wheelers in Bangladesh.