![]() ![]() ![]() Mr,Munjal Started the biz when there was moderate.Chairman of the Company and the $ 2.8 billion Hero Group.Brij Mohan Lal Munjal is the founder Director and By the year 1990, Bajaj had a waiting list that was twenty-six times its annual output for scooters. The CEO of Bajaj commented that he did not need a marketing department, only a dispatch department. ![]() Customers in India were forced to wait up to 12 years to buy a scooter from Bajaj. This regulatory maze, before the economic liberalization, made business easier for local players to have a seller’s market. The license raj that existed between the 1940s to 1980s in India did not allow foreign companies to enter the market and imports were tightly controlled.with its association with Piaggio of Italy (manufacturer of Vespa scooters) as the largest manufacturers within the country. India became the second largest two wheeler manufacturer in the world starting in the 1950s with the Automobile Products of India (API) that manufactured the Lambrettas and Bajaj Auto Ltd.□Actively involved in road safety promotion.□Record sales of 2.6 million bikes in 2004.□World’s largest motorcycle manufacturer. ![]()
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