Mumbai: Bajaj Auto is planning to set up an assembly plant in a free trade zone in Manaus in Brazil next fiscal.
"We are looking at setting up an assembly plant at a place called Manaus in Brazil in FY 11. It is a Free Trade Zone," Bajaj Auto Ltd's Vice Chairman, Madhur Bajaj, told reporters here Monday.
The company is in the process of studying the site and working out financial details, Bajaj said. He did not specify if the auto major was seeking a partner.
The country's second-largest two-wheeler maker operates an assembly plant in Indonesia.
It has been mulling setting up of its plant in Brazil for over six-years now. Bajaj said, "One of our distributors has already set up a plant in Egypt. They are also looking to set
up plants in Nigeria, Iran and Colombia."
The company may also take up expansion of its facility at Waluj near Aurangabad, where it manufactures the Kawasaki range of motorcycles and three-wheelers.
"We have a lot of land in Aurangabad, which has scope for very major expansion. It is likely that (production of) commercial vehicles would go there," Bajaj said.
Bureau Report
First Published: Monday, October 05, 2009, 15:59