India's Bajaj Auto to raise capacity to 5.7 mln vehicles
MUMBAI Oct 3 (Reuters) - Bajaj Auto, India's No.2 motorcycle maker, plans to expand its annual production capacity to 5.7 million vehicles by the end of the current financial year, from 4.5 million, K. Srinivas, president of its motorcycle business, said on Wednesday.
The company, whose vehicle sales in September fell 14 percent, declined to provide details on how much it would be investing to increase the capacity. (Reporting by Henry Foy; Editing by Anand Basu)
- Atheists face death in 13 countries, global discrimination: study
- Pope attacks mega-salaries and wealth gap in peace message
- South Africa admits mistake over 'schizophrenic' Mandela signer |
- Missouri executes man for killing good Samaritan motorist in 1994
- Thai military chief rebuffs meeting request in blow to protesters |