Producer
Bajaj Auto
Major Indian motorcycle and three-wheeler maker; large two-wheeler exporter.
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Motorcycles
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Concentration2024
Bajaj Auto is the world's largest maker of three-wheelers — the auto-rickshaw / tuk-tuk that is the backbone of urban transport across India, Africa, Southeast Asia and Latin America. So a single Indian company supplies a huge share of the small commercial vehicles that move people and goods in the developing world's cities, a category nearly invisible in rich-country mobility discussions but central to billions of daily trips. Bajaj is also a top-tier global motorcycle maker whose affordable bikes are the workhorse taxis — the boda-bodas — of African cities. So the everyday mobility of a large part of the world's population, the rickshaw and the motorcycle-taxi, runs disproportionately on Bajaj: an under-the-radar concentration in the vehicles that actually move the global majority, even as Western analysis fixates on cars and EVs that most of the world doesn't drive.
Bajaj Auto Ltd. ↗Did you know2024
In a surprising inversion, this Indian commuter-vehicle maker owns a major stake in KTM, the Austrian premium sport-motorcycle brand (and Husqvarna), and manufactures KTM models in India. So an Indian mass-market two-wheeler company controls a European performance-motorcycle icon — the opposite of the usual "Western brand, Asian factory" pattern; here the emerging-market manufacturer owns the prestige Western marque outright. It's a sign of how the center of gravity in two-wheeler manufacturing has shifted to India and Asia, to the point that the Indian volume player became the parent of the European premium one, and builds its bikes too. (Bajaj is also electrifying, with the Chetak e-scooter.) The motorcycle world's ownership map has quietly inverted, and Bajaj sitting atop KTM is one of the clearest signs that the assumptions about who owns whom in global manufacturing are out of date.
Bajaj Auto Ltd. ↗