Project On Bajaj Auto Limited

November 14, 2009 Project On Bajaj railway car Limited Submitted by Team TiTanS -Amit Sheth -Anand Dube -Darshna C generatee Mrinal Kaul -Subrato Das -Vinay Chaudhary Page 1 of 23 1 BAJAJ railway car LTD November 14, 2009 Index 1. 0 initiation 2. 0 PRODUCT PORTFOLIO. 2. 1 Product liveness cycle of the conglomerate products. 2. 2 A BCG Matrix of Various products. 3. 0 Key inciters Top Three in term of volume and revenue 3. 1 Bajaj Pulsar. 3. 2 RE (3 Wheeler). 3. 3 instituteer. 4. 0 view of the top trio reproachs of the club. 4. 1 Pulsar. 4. 2 key out. 4. Bajaj car (Commercial Vehicle). 5. 0 Competitors and the differentiation of each based on lieu. 5. 1 Pulsar cardinal Competitors. 5. 2 Bajaj Auto Commercial Vehicles. 5. 3 damp key Competitors.6. 0 Key commercializeplaceing communicating theory and the evolution of the same since 1995 7. 0 The Future. 7. 1 Recomm breakations. 8. 0 Graphs. 8. 1 Sales data of BAL and Industry Comparison. 8. 2 BAL in International t rade. 8. 3 3 Year Projection for Commercial unit of BAL 8. 4 BAL bump for Domestic Sales 9. 0 References. Page 2 of 23 2 BAJAJ cable car LTD November 14, 2009 BAJAJ AUTO LTD 1. Introduction Bajaj Auto is Indias largest and the worlds 4th largest both and third-wheeler manufacturer. It is based in Pune, Maharashtra, with plants in Akurdi and Chakan (near Pune) and Waluj and Patnagar in Uttaranchal. Bajaj Auto produces and exports water ice yachts, motorcycles and auto rickshaws. oer the last decade, the fellowship has successfully changed its pic from a scooter manufacturer to exclusively round 2 wheeler manufacturer. Its product range encompasses scooters and motorcycles. Founded in 1926, at the height of Indias movement for license from the British, the group has an kn suffer history.The integrity, dedication, resourcefulness and determination to succeed ar characteristics of the group even today and can be traced subscribe to its birth during those days of relentless devotion to a common cause. Jamnalal Bajaj, founder of the group, was a close intimate and disciple of Mahatma Gandhi. In fact, Gandhiji had adopted him as his son. This close relationship and his deep involvement in the independence movement did not leave Jamnalal Bajaj with much time to spend on his spick-and-spanly launched business conjecture.His son, Kamalnayan Bajaj, thence 27, took over the reins of business in 1942. He too was close to Gandhiji and it was provided after Independence in 1947, that he was able to give his full attention to the business. Its real growth in numbers has bring in intercourse in the last four years after successful introduction of a few exemplifications in the motorcycle part. The company is headed by Rahul Bajaj who is worth more than US$1. 5 trillion. Bajaj Auto came into existence on November 29, 1945 as M/s Bachraj Trading Corporation Private Limited. It started off by selling merchandise two and three close to-wheelers in India.In 1 959, it obtained license from the Government of India to manufacture two and three-wheelers and it went public in 1960. In 1970, it involute out its 100,000th vehicle. In 1977, it managed to produce and sell 100,000 vehicles in a single financial year. In 1985, it started producing at Waluj in Aurangabad. In 1986, it managed to produce and sell 500,000 vehicles in a single financial year. In 1995, it turn over out its ten millionth vehicles and produced and sold 1 million vehicles in a year. Kamalnayan Bajaj not only consolidated the group, plainly also diversified into various manufacturing activities.The present Chairman of the group, Rahul Bajaj, took charge of the business in 1965. Under his leadership, the turnover of the Bajaj Auto the flagship company has gone up from Rs. 72 million to Rs. 46. 16 billion (USD 936 million), its product portfolio complicateed and the leaf blade has found a spheric grocery. He is one of Indias most high-minded business leaders and intern ation tout ensembley respected for his business acumen and entrepreneurial spirit. Page 3 of 23 3 BAJAJ AUTO LTD November 14, 2009 2. 0 PRODUCT PORTFOLIO Product Portfolio Two Wheelers Three Wheelers Entry Level middle Level PeformancePassenger Carrier Goods Carrier Platina 100cc & 125 cc DTSi Kristal DTSi XCD 135 cc DTSi find out 100cc & 135 cc DTSi Pulsar one hundred fifty, 180, 200 & 220 cc DTSi Avenger 200 DTSi RE-2 injection 2 Diesel & CNG RE 4 Stroke Diesek & CNG GC MAx Diesel & CNG In 1972, it introduced Ba Bajaj Chetek. The company formed a joint venture with . Maharashtra Scooters in 1975. Bajaj Auto established Waluj production plant in Aurangabad, in 1985. In the following year, the company entered into the technical tie-up with Kawasaki Heavy Industries, japan to produce a range of two up Japan two-wheelers in India.The company signed agreements with Kubota, Japan for the development of diesel engines for three-wheelers, and with Tokyo research and development for un wheelers, out of gear(predicate) Scooter and moped development, in 1995. In 1999, Bajaj Auto commenced the production at Chakan plant. The company introduced Bajaj Saffire in 2000. In the following year, Bajaj Auto launched Eliminator and Pulsar cycles. Bajaj Auto launched Bajaj Wind 125, Pulsar 150cc and 180cc sports styled cpss, in 2 180cc 2001. In the next year, Bajaj Auto launched Bajaj CT100 and Bajaj bump DTS The company DTS-i. aunched Bajaj Discover, Bajaj Avenger DTS i, and Bajaj Wave DTS in 2005. In DTS-i, DTS-i, the following year, it launched Bajaj Platina. Bajaj Auto launched 200 cc Pulsar DT DTSi, and Bajaj Kristal DTS-i in February 2007. Bajaj Auto started a new plant at i Pantnagar, Uttarakhand in April 2007. In the following month, the company demerged to form three separate entities Bajaj Auto (automobiles) Bajaj Holdings and Investment Limited (an investment funds company) and Bajaj Finserv Limited (wind ited power and financial services company).Bajaj Auto launched its XCD 125 DTS DTS-Si, a 125cc motor hertz in September 2007. In May 2008, Bajaj Auto, Renault and Nissan Corporation formed a joint-venture company to develop, produce and foodstuff the car ure code-named ULC with wholesale price range starting from $2500. The joint named joint-venture company would be 50% own by Bajaj Auto, 25% by Renault and 25% by Nissan, and to construct the plant in Chakan (Maharashtra state) in India with an sign (Maharashtra planned capacity of 400,000 units per year. In February 2009, Bajaj launched XCD Page 4 of 23 4BAJAJ AUTO LTD November 14, 2009 135 cc DTSi. Bajaj Auto has a distribution network in 50 countries and straw man in India, Sri Lanka, Colombia, Bangladesh, Mexico, Central America, Peru and Egypt. The company has global partnerships with the shipping phone lines of Maersk Sealand, P&O Nedloyd and APL. The companys subsidiaries include Bajaj Auto International Holdings, a 100% Netherlands based hyponym and PT Bajaj Indonesia wh ich assembles and markets Pulsars in Indonesia. 2. 1 Product life cycle of the various products is shown below.INTRODUCTION STAGE Products handle Discover 100 DTSi and Pulsar 220cc. GROWTH STAGE Products equivalent Discover 135 cc keep back a large potential to grow and become market leaders in their sh are. MATURITY STAGE Products like Bajaj Pulsar 150 180cc are at their maturity stage. DECLINE STAGE Bikes like Avenger, Platina, Pulsar 200 cc market set about ready substitutes available resulting in lower demand and lower market share. 2. 2 A BCG matrix OF VARIOUS PRODUCTS ARE SHOWN BELOW STARS BAJAJ PULSAR SERIES DISCOVER 100cc COWS DISCOVER 125CC DISCOVER 135CC Page 5 of 23 5QUESTION MARK XCD 125CC PLATINA 100cc DOGS AVENGER KRYSTAL BAJAJ AUTO LTD November 14, 2009 3. 0 Key Brands Top Three in damage of volume and revenue 1. Bajaj Pulsar 2. RE (3 wheeler) 3. Bajaj Discover 3. 1 Bajaj Pulsar It is a motorcycle brand owned by Bajaj Auto in India. It was developed by the pr oduct engineering division of Bajaj Auto in intimacy with motorcycle designer Glynn Kerr, Tokyo RD. Currently there are four discordants available with engine capacities of 150cc, 180cc and two variants with capacities of 220cc. More than a million units of Pulsar were sold by November 2005.Pulsar 200 variant was discontinued in July 2009. With monthly sales of more than 48,000 units in June 2009, Pulsar is the leader in the 150 cc + segment in India with a market share of 43%. The following is the sales data of Pulsar Brand for the last five few months. Month Sales (Units) June 48062 July 49621 August September October 65000 55413 56000 3. 2 RE (3 Wheeler) The leading three wheeler manufacturers in India are Bajaj Auto, Mahindra Mahindra and the Italy-based Piaggio. In the three wheeler segment, the classification is broadly in terms of heading and rider vehicles.Since the former does have a very limited capacity to carry honourables and is not preferred by many, the three wh eeler manufacturers are more into the passenger three wheelers. Bajaj Auto has a range of models for passenger three wheelers namely RE 2S,RE 4S,RE 4S CNG,RE 4S LPG,RE Diesel and RE Diesel mega . Page 6 of 23 6 BAJAJ AUTO LTD November 14, 2009 TVS Motor has tardily entered the fray with its own model of a three wheeler and with the market recording an impressive 18% CAGR rate over the last fiscal, the three wheeler manufacturers still have plenty to laugh about. 3. . Discover The Bajaj Discover a motorcycle made by Bajaj Auto in Chakan, India, debuted in 2004. This is the befriend indigenous round from Bajaj. During mid 2005, the Discover was made a single variant model. It was revamped with new graphics, and other features like sns(spring in spring) suspension, self-start, etc. The Bajaj Discover has been the highest selling 125 cc round in India since the day of its inception and has proven to be a very popular executive commuter. 135cc model has recently released which featu res a front disk brake, auto-start and black alloy wheels.The following are the sales frame for the last two months for Bajaj Discover. Month Sales (Units) September 94000 October 95139 4. 0 Positioning of the top three brands of the company 4. 1 Pulsar Pulsar was launched in direct competition to the Hero Hondas CBZ model in 150 cc overconfident segment. The campaign bore innovative punch line of Definitely Male positioning Pulsar to be a masculine-looking model with an appeal to the performance sensitive customers. The Pulsar went one step ahead of Hero Hondas CBZ and launched a repeat variant of Pulsar with the 180 cc model.The model was a great success and has already crossed 1 million mark in sales. The Big Idea was to position the bike as Worlds first bike endowed with a gender. Page 7 of 23 7 BAJAJ AUTO LTD November 14, 2009 Pulsar changed its tagline to The Fastest Indian for its 220cc bike. after dumping the Definitely Male tagline, Pulsar advertisements neer were a thr iller. The product qualities made the brand a huge success. The new ad and new tagline gives a remarkable boost to this brand. It is very wise for the brand to own the highest superlative.Pulsar has owned the Fastest superlative, which means another brand cannot be faster than the fastest. This is a powerful positioning strategy adopted by the brand. Pulsar has become synonymous with Bajaj. It single handedly brought Bajaj from a state where it was thought that it would be sold or it was running for family prestige. Pulsar Mania was supposed to be the answer to MTV hero Honda roadies which had become synonymous plus a huge success between the youth. Target Audience Bajaj come outed the 18-24 with Pulsar but later found that the brand appealed to a much older audience.This helped Bajaj to change its target audience to 21-35 years 4. 2 Discover Pulsar helped Bajaj to establish itself as a serious player in the Indian motorcycle market. Bajaj had failures in establishing its presence in the executive segment where Hero Hondas Splendour rules. Hence Bajaj launched Discover DTSI with Page 8 of 23 8 BAJAJ AUTO LTD November 14, 2009 much fanfare. The brand ambassador was none less than the legendary Jackie Chan. Things were perfect for a bestseller. exactly had Discover delivered? Still, No.This was partly because Bajaj was still struggling with the positioning of its brand. The same mistake was done with Calibre. Bajaj was assay to sell Discover by its looks. But then the new commercial suggested some issue else. The new commercial with a Harry Potter look alike was well executed but had no marketing significance. What was world communicated to the customer? Just like the Hoodibaba campaign involving cartoon characters which actually killed the product, Discover campaigns was based on fantasy. Positioning has to be realistic and hould differentiate the product from its competitors. That is the theory and it works also. So, Bajaj decided that the platform at whi ch Discover is going to be placed is going to be sold as both stylish and performance bike. This bike is the perfect choice for the people with average height as people with more cardinal feet of height may face some difficulty in adjusting their knee position on the tank. Otherwise, this bike offers the great comfort and handling due to its well placed seat and handles. It offers a good gas mileage of 70-80 kmpl. Therefore it is positioned as a fuel efficient bike.Also, Bajaj wanted to make this bike for masses, so it launched Discover in different variants of 100cc, 125cc, and 135cc. Next year Bajaj is also planning to launch the Page 9 of 23 9 BAJAJ AUTO LTD November 14, 2009 bike in 150 cc to cater the need of the power supperless people who cant afford Pulsar. So overall Bajaj is hard to position Discover as a bike for each segment of people. 4. 3 Bajaj Auto (3-Wheeler) Talk of passenger vehicle, and first thing that comes to mind is Bajaj Auto. It is very popular througho ut India, and people use them in quite frequently as daily means of transport.Bajaj in auto rickshaws, is already the global market leader. In the domestic market of approximately 6 million motorcycles annually. Bajaj Auto launches eco-friendly auto rickshaw the vehicle incorporates the latest Gasoline engineering the Gasoline Direct Injection (GDI) engine, to achieve substantially lower emissions than even alternative clean fuels like Liquefied Petroleum Gas (LPG) and Combusted Natural Gas (CNG) vehicles 5. 0 Competitors and the differentiation of each based on positioning 5. 1 Pulsar Key Competitors Apache CBZ Hunk Karizma Pulsar is the Flagship brand of Bajaj.It has been the great success story of modern Bajaj from Hamara Bajaj to understandably in front . The basic differentiation strategy, loaded with the first movers advantage, was the technological edge it had over others (Using a procure technology). It mixed performance with killer looks, unlike any of its predec essors was targeted to bring forth the minds of youth which it did with great success. It was the first bike which took India towards full auto-ignition and power bikes. Every at one timeadays and then it comes with something new and innovative and no doubt Bajaj bikes have mass appeal as well.TVS With its presence in 160 cc and 180 cc market it is the most potent threat to Pulsar, but erratic nature of TVS motors may pull it down in the longer run. Honda / Hero Honda The real first mover in 150 cc segment, with CBZ has been the traditional rival, has always been there but has never been really able to really challenge pulsars supremacy. It has launched Hunk and Karizma but never lived up Page 10 of 23 10 BAJAJ AUTO LTD November 14, 2009 to the expectations because of its steep price as against the brand of Pulsar that has a presence across all the segments (150, 180, 200, 220) ranging from Rs. 5,000 to Rs. 80,000. 5. 2 Bajaj Auto Commercial Vehicles Key Competitors Mahindra an d Mahindra Piaggio In the three wheeler segment, the classification is broadly in terms of carriage and passenger vehicles. Since the former does have a very limited capacity to carry goods and is not preferred by many, the three wheeler manufacturers are more into the passenger three wheelers. Bajaj Auto has a range of models for passenger three wheelers namely RE 2S, RE 4S, RE 4S CNG, RE 4S LPG, RE Diesel and RE Diesel Mega eyepatch its existing carriage three wheeler is called GC 1000.It has enjoyed monopoly in this market. In this segment it achieved differentiation on basis of believe and reliability from its competitors moreover it had a huge first movers advantage. The basic customers for this product are low end business men. Mahindra Mahindra has got the sense range of three wheelers. There are Champion pick up and Champion delivery vans while the Champion Passenger carrier is mostly seen in the western parts of the country. The Alfa three wheeler carriages of the MM h as a wide and tall cabin, heavy duty gear box, bizarre designed chassis and hydraulic shock absorbers.The Italian auto major Piaggio manufactures Ape 50 in association with Bajaj Auto at Pune with a 150cc engine. This three-wheeler has different body forms and matches the specifications of various countries wherever it is produced. TVS Motor has recently entered the fray with its own model of a three wheeler and with the market recording an impressive 18% CAGR rate over the last fiscal. 5. 3 Discover Key Competitors Ambition ( Hero Honda ) Splendor CD Dawn Star City Page 11 of 23 11 BAJAJ AUTO LTD November 14, 2009 The Discovers as of now seems to enjoy a bull run in the market as there is no apparent completion from anyone.It beats its competition on both looks as well as power in fact it doesnt have any direct completion in 135 cc segment. The target customer for this bike is the middle aged middle class who are looking for a bike with a bit of looks a bit of power, a bit of economy as well as an affordable price. 6. 0 Key marketing communications and the evolution of the same since 1995. Bajaj was the undisputed ruler of the Indian 2-wheeler market . It continued its domination in through the 1980 into mid 1990s. Then the tagline used to be HAMARA BAJAJ .This brand go steady was employed to instil a patriotic fervour in the minds of the middle classed dominated Indian society. With this campaign they tried to reach the masses, which had dreams and aspirations to become big. Hamara Bajaj . Became a household jingle and Bajaj marched to become the leading two wheeler manufacturer in the absence of any significant completion. During this phase Bajaj had a monopoly over the scooter market with its flagship brand Chetak. But by the beginning of 1990 things started to change new players were entering the market in JV with the local entities.New and advanced technology was now available. Honda aligned with Kinetic and Hero group of Munjals while Suzuki part nered with TVS. Hamara Bajaj was facing the brunt without any partners and new technology to harbour them. They were continuously nidus on continuous simplification of production cost, thus overlooking the threat of new entrants consequently their market share kept on declining. Page 12 of 23 12 BAJAJ AUTO LTD November 14, 2009 Declining market Share of Bajaj The biggest problem faced by the Bajaj was that it was losing the scooter market. People were no longer interested in scooters as the market was looded with many new models and variants. Honda was gaining momentum in the Indian market. By 1998 Bajaj was looking right down the barrel. They were facing a spoilt choice To replace a legend is never easy. To replace a legend when the legacy inevitably a major overhaul is even more difficult, but dire situations call for desperate measures, Bajaj auto decided to go big time into motorcycles and do away with its flagship brand of Chetak. During this passage they launched several (prenominal) products Boxer Caliber Wind 115 Saffair Legend Page 13 of 23 13 BAJAJ AUTO LTDNovember 14, 2009 But somehow they all failed to capture the target market. Ever since losing its leadership position, Bajaj Auto Limited (BAL) was trying out new strategies including use of new technology and new marketing communication campaigns. For instance, in the early 2000s it started focusing more on the motorcycle market with new product launches, complemented by new communication campaigns to inject vibrancy into the Bajaj brand. The ad spots launched in late 2001 showed slice of life situations of new age India. . porters beers 5 Forces for Bajaj during 1990sBy now Bajaj had come a long way from Hamara Baja to its latest message, trying to capture the new India, the new(a) India, the fast paced India, and The ever changing India. With this intention Bajaj made a last stew re-launch itself, repositioning the Hamara Bajaj in the minds of the young vibrant India. Page 14 of 23 14 BAJAJ AUTO LTD November 14, 2009 But it failed to gel in the market. The Bajaj was dying. Its JV with Kawasaki was falling apart and the killer blow came from Hero Honda CBZ in 1999. runner time in its lifetime the market share of Bajaj went below 40%.The Change in the Brand message of Bajaj From Hamara Bajaj they transformed to Inspiring Confidence, thus trying to emphasize on the fact they are such(prenominal) an old name in the market and their name inspires confidence. But unfortunately this did not work for them and inside two years they again changed their tagline to Distinctly Ahead. This time around they emphasized on the fact that they had ruin technology than anybody else in the market. And it worked. For that they went for a complete overhaul. Page 15 of 23 15 BAJAJ AUTO LTD November 14, 2009Bajaj logotypetype Brand transformation They underwent a complete change in the brand image they changed their logo, which was done in 2004. The reason behind Bajaj changing its logo was that people used to associate Bajaj with its old image of Hamara Bajaj and carrying that image Bajaj was not able to communicate its message that effectively to the youth who is its major target customer now as the market for the scooters is almost over and 80% of the 2-wheeler market is covered by bikes. The new logo flying B as it has been named represents style and technology.It connotes speed and open for denotes transparency. Today Bajaj is known with Distinctively Ahead . The recent ad campaigns for Bajaj are associated with stunts and modern gizmos. The concept of Definitely Male was well accepted by the people and Bajaj came out with some astonishing ads. Though the DTSi technology was new, people accepted it very well. It soft conveyed the message it wanted to. The following picture strips conveys the advertisement Getting on to his bike, a man gets all set to make a move. As he puts his helmet on, a message appears on the windshield,While the biker cruises thr ough the city, some army men are out for their jog. Just before they cross a road, a zebra crossover voter forms ahead them and disappears after them, while the biker waits patiently. Page 16 of 23 16 BAJAJ AUTO LTD November 14, 2009 A young lady talks to her beau on the phone, while an image of his forms before her. She switches the phone off and the image disappears, in time for her to catch a glimpse of the bike. Riding on, he spots a tyke playing with a remote controlled toy. In the next shot the toy turns out to be a roller coaster, with children inside enjoying the ride.On arriving home, the biker is greeted by a As he takes off his helmet everything turns robotic dog. back to its usual self. MVO guess a world as advanced as the new Pulsar DTSi After these ads were successful, Bajaj came out with a second ad wherein a man is shown performing various stunts on his DTSi Pulsar. Even this one was an outstanding one. . The in style(p) Pulsar Campaign Page 17 of 23 17 BAJAJ AUT O LTD November 14, 2009 DTSi came out to be a good one with proper publicity advertisements and that too without any exceedingly paid brand ambassadors.Unlike its rivals who have highly paid actors or cricket stars as their brand ambassador. 7. 0 The Future Although the avalanche of motorcycles offered Indian consumers a wide variety of models to choose from, it also resulted in increased pressure on the companies to concentrate on cost-cuts, technology enhancements, upgrades and styling. Their margins came under pressure as marketing costs escalated. The companies were forced to reduce prices and offer discounts to bear the competition. Moreover, analysts were skeptical about the segments ability to maintain the growth rate in the years to come.One of the major assumptions primal the motorcycles rush was that if the market was considerably large and was increment at a constant pace, there was board for a profitable existence for all brands. In 2001, there were over 30 motorcyc le brands in the market. However, with the top five brands accounting for more than 60% of the market, only 40% of the market was available for all other new brands put together. Despite the launch of more vehicles, the survival prospects of many of the individual brands were deemed to be rather bleak. Page 18 of 23 18 BAJAJ AUTO LTD November 14, 2009 SWOT Analysis for Bajaj AutoFurther, the growth in the motorcycle segment was dependant on continuing favorable market conditions. Analysts claimed that to sustain this growth rate, the segment would have to completely cannibalize the market for scooters and a considerable part of the market for scooterettes and mopeds. Considering the fast growing scooters segment, with high demand from female customers, followed by the moderately growing moped segment and the restructuring in the scooter segment with major national and foreign players reinforcing their presence, it was unlikely that the entire growth in the two-wheeler sector would b e due to motorcycles.Analysts also commented that as the two-wheeler industry had grown steadily for eight years, stages in the product life cycle would apply to the field sooner, rather than later and the decline stage would invariably come some day. There was little differentiation between the brands being launched apart from styling as most companies had introduced their four-stroke vehicles. commission on High Margin Products Around 50% of the two-wheeler consumers buy high quality products (products of executive and premium segment motorcycles). Margins on these products are higher. Page 19 of 23 19 BAJAJ AUTO LTDNovember 14, 2009 BAL should adopt a roll strategy of focusing on executive and premium segment motorcycles and three-wheelers, and a couple of brands on lower-end of motorcycles (to assume the market share) and scooters segment. High margin products Pulsar, Discover, Three-wheelers, Avenger. Low margin products Platina, Scooters, Mopeds. Second Hand Market Second hand market in 2-wheeler is one of the most un-tapped market without any competitor. BAL must try and establish a unit dealing with the sales of Second Hand Vehicle something on the lines of Maruti True value and Mahindra First.Car Market With the launch of the low budget car it can capitalize this market as there are not many players in this market and they already have the network and the knowhow of the elements of the local market as well as the technology (from its foreign partners). 7. 1 Recommendations Below are the recommendations Company should keep focusing on the fast growing motorcycle segment. In view of the new threat posed by Honda Motors in the scooter segment, the company needs to review its products line-up and launch new products to cater the changed demand. The company needs to take a look at its ungeared scooter offerings and need to adapt to the latest trends(compete with models like Honda Activa) The company needs to tap the export market more efficiently a s there is a huge potential to make India as the worlds two-wheelers production base. For this, it needs to look for joint ventures abroad. Look to expand their base outside further. It already has a strong presence in Africa and other South Asiatic Countries. It needs to target the young age group more effectively as this group is extremely trend savvy.The advertising should have a fresh look and the product should live up to the Gen-Xs expectations Focus on Easy Credit Lending In the present economical crisis, Bajaj can utilize its subsidiary, Bajaj insurance policy in coming up with schemes that will help consumers buy two wheelers on friendly terms. BAL needs to scale up its service centers both in numbers and in capacity. Keeping in line with its growth target for the next 5 years, its service centers should not only cater to two wheelers but should also be upgraded to cater to the needs of four wheelers that Bajaj plans to launch.Page 20 of 23 20 BAJAJ AUTO LTD Novembe r 14, 2009 8. 0 Graphs 8. 1 Sales data of BAL and Industry Comparison. 8. 2 BAL in International Market Page 21 of 23 21 BAJAJ AUTO LTD November 14, 2009 8. 3 3 Year Projection for Commercial unit of BAL 9. 1 BAL projection for Domestic Sales Page 22 of 23 22 BAJAJ AUTO LTD November 14, 2009 9. 0 References. market Management by Philip Kotler & Kevin L Keller www. wikipedia. com www. Bajajauto. com www. howstuffworks. com www. bikeadvice. in BAL Annual Report www. youtube. com Page 23 of 23 23