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New Delhi, Apr 9: Bajaj Auto Ltd has announced Rs 3,000 cut on its&13;Platina model, leveraging the excise and income tax benefits from its&13;fourth plant inaugurated today at Pantnagar, Uttarakhand, The vehicle&13;will now be available at Rs 33,000 (es-showroom).
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''The new standards in manufacturing efficiency together with the&13;incentives for new investment in Uttarakhand has enabled Bajaj Auto to&13;reduce the cost of production and offer even better value to its&13;customers. Bajaj Platina, which has already sold seven lakh bikes, post&13;its April 2006 launch, will be the first product to roll out of our new&13;Pantnagar plant. This additional capacity will enable us to meet the&13;demand for the Platina,'' Bajaj Auto Vice President (Marketing and&13;Sales) S Sridhar said.
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The Pantanagar plant has a capacity of one million motorcycles per&13;annum which can be progressively expanded to three million vehicles.
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&13; The unit is built over 30 acres of land incurring an investment of Rs 150 crore.
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The investment cost is around Rs 1,500 per vehicle and enable one&13;of the shortest payback periods for the plant, the company said.
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The facility will be supported by manufacturing units of 16 auto&13;component vendors in the immediate proximity. These cluster suppliers&13;will meet 75 per cent of the component requirement of the new plant.
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&13; They would be operating as the extended factory of the core Bajaj Auto mother plant.
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Bajaj Auto Chairman Rahul Bajaj said, ''We wish to compliment the&13;Uttarakhand state on its excellent investment environment. This is our&13;first manufacturing foray outside Maharashtra, with the best of&13;manufacturing technology and processes. I am proud to inaugurate this&13;new plant which sets new benchmarks in automobile manufacturing.''&13;''Over 50 per cent of our domestic two-wheeler sales comes from the&13;northern and eastern regions. Our Pantnagar plant will also enable us&13;to faster meet the needs of our customers in this region,'' Mr Sridhar&13;said.
&13;
According to the company, this new manufacturing concept is&13;expected to yield 10 times the productivity of other comparable&13;two-wheeler units.
&13;
This partnership will see manufacturing and supply of key&13;components including speedometres from Pricol, front fork and&13;suspension from Endurance, lighting systems from Lumax, plastic and&13;electrical components from Varroc, control switches and ignition&13;systems from Minda group and frames from JBM.
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''The new standards in manufacturing efficiency together with the&13;incentives for new investment in Uttarakhand has enabled Bajaj Auto to&13;reduce the cost of production and offer even better value to its&13;customers. Bajaj Platina, which has already sold seven lakh bikes, post&13;its April 2006 launch, will be the first product to roll out of our new&13;Pantnagar plant. This additional capacity will enable us to meet the&13;demand for the Platina,'' Bajaj Auto Vice President (Marketing and&13;Sales) S Sridhar said.
&13;
The Pantanagar plant has a capacity of one million motorcycles per&13;annum which can be progressively expanded to three million vehicles.
&13;
&13; The unit is built over 30 acres of land incurring an investment of Rs 150 crore.
&13;
The investment cost is around Rs 1,500 per vehicle and enable one&13;of the shortest payback periods for the plant, the company said.
&13;
The facility will be supported by manufacturing units of 16 auto&13;component vendors in the immediate proximity. These cluster suppliers&13;will meet 75 per cent of the component requirement of the new plant.
&13;
&13; They would be operating as the extended factory of the core Bajaj Auto mother plant.
&13;
Bajaj Auto Chairman Rahul Bajaj said, ''We wish to compliment the&13;Uttarakhand state on its excellent investment environment. This is our&13;first manufacturing foray outside Maharashtra, with the best of&13;manufacturing technology and processes. I am proud to inaugurate this&13;new plant which sets new benchmarks in automobile manufacturing.''&13;''Over 50 per cent of our domestic two-wheeler sales comes from the&13;northern and eastern regions. Our Pantnagar plant will also enable us&13;to faster meet the needs of our customers in this region,'' Mr Sridhar&13;said.
&13;
According to the company, this new manufacturing concept is&13;expected to yield 10 times the productivity of other comparable&13;two-wheeler units.
&13;
This partnership will see manufacturing and supply of key&13;components including speedometres from Pricol, front fork and&13;suspension from Endurance, lighting systems from Lumax, plastic and&13;electrical components from Varroc, control switches and ignition&13;systems from Minda group and frames from JBM.
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UNI
