financial analysis of “bajaj motors ltd., narsingpur, gurgaon, haryana”
TRANSCRIPT
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7/21/2019 FINANCIAL ANALYSIS OF BAJAJ MOTORS LTD., NARSINGPUR, GURGAON, HARYANA
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OWV@CHK] VHW@V]
@E
NBEOEKBOA OEOAR[B[
@N
FOCOC I@]@V[ A]M., EOV[BEDWXV, DXVDO@E,
JOVROEO
[ufibtthm n`r portboa nuanbaaihet `n rhqubrhihet n`r tjh oworm `n
mhdrhh
@n
Fokjha` ! F"#$%h## O&'$%$#(o($`% )BB*
@n
IOJOV[JB MOROEOEM XEB+HV[B]R, V@J]O
[h##$`% -/7/?
[uphrvbsb`e Fy [ufibtthmfy
Eoih3 Durihht [`mjb Eoih3 [oemhhp [jh`roe
Mhsbdeotb`e3Osst. r`nhss`r !`aa E`."#$#""#%&'
Mhportihet3 (oeodhihet )er`aaihet E`. "#&*$##%&'
FFO +, [hihsthr
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O
WV@CHK] VHW@V]
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NBEOEKBOA OEOAR[B[
@N
FOCOC I@]@V[ A]M., EOV[BEDWXV, DXVDO@E,JOVROEO
[ufibtthm n`r portboa nuanbaaihet `n rhqubrhihet n`r tjh oworm `n
mhdrhh
@n
Fokjha` ! F"#$%h## O&'$%$#(o($`% )BB*
@n
IOJOV[JB MOROEOEM XEB+HV[B]R, V@J]O
[h##$`% -/7/?
[uphrvbsb`e Fy [ufibtthmfy
Eoih3 Durihht [`mjb Eoih3 [oemhhp [jh`roe
Mhsbdeotb`e3Osst. r`nhss`r !`aa E`."#$#""#%&'
Mhportihet3 (oeodhihet )er`aaihet E`. "#&*$##%&'
FFO +, [hihsthr
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MHKAOVO]B@E
, tjh uemhrsbdehm s`ahieay mhaorh tjot tjh rhp`rt `n tjh pr`/ht w`r7
hetbtahm ?beoeboa Oeoaysbs `n Fo/o/ (`t`rs 6tm.; bs foshm iy `we w`r7
orrbhm `ut murbed tjh `ursh `n iy stumy uemhr tjh suphrvbsb`e `n (bss
Durihht [`mjb.
, osshrt tjot tjh stothihets iomh oem `eausb`es mrowe orh oe `ut`ih
`n tjh pr`/ht w`r7. , nurtjhr mhaorh tjot t` tjh fhst `n iy 7e`wahmdh oem
fhabhn tjot tjh pr`/ht rhp`rt m`hs e`t `etobe oey port `n oey w`r7 wjbj jos
fhhe sufibtthm n`r tjh oworm `n oey `tjhr mhdrhh=mbpa`io=hrtbnboth be tjbs
8ebvhrsbty `r oey `tjhr 8ebvhrsbty.
>>>>>>>>>>>>>
4[bdeoturh `n tjh :oembmoth2 Eoih3 [oemhhp [jh`roe
!`aa E`.3"#$#""#%&'
)er`aaihet E`.3"#&$##%&'
*
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KHV]BNBKO]H FR DXBMH
jbs t` hrtbny tjot tjh rhp`rt `n tjh pr`/ht sufibtthm bs tjh `ut`ih `n tjhpr`/ht w`r7 hetbtahm ?beoeboa Oeoaysbs `n Fo/o/ (`t`rs 6tm. orrbhm `ut fy
[oemhhp [jh`roe fhorbed !`aa E`.3"#$#""#%&' < )er`aaihet E`.3"#&*$##%&'
:orrbhm fy uemhr iy dubmoeh oem suphrvbsb`e n`r tjh oworm `n Mhdrhh be
Fojha`r `n Fusbehss Omibebstrotb`e `n (ojorsjb Moyoeoem 8ebvhrsbty;
!`jto7; 1oryoeo.
` tjh fhst `n tjh iy 7e`wahmdh tjh rhp`rtb2 )if`mbhs tjh w`r7 n tjh oembmoth jbi=jhrshan;
bb2 1os muay fhhe `ipahthm;
bbb2 ?uanbas tjh rhqubrhihet `n tjh `rmbeoeh rhaotbed t` tjh FFO 4,,2
mhdrhh `n tjh 8ebvhrsbty oem
bv2 ,s up t` tjh mhsbrhm stoemorm n`r tjh purp`sh `n wjbj bs sufibtthm.
>>>>>>>>>>>>>>>>>>>>>>>
4[bdeoturh `n tjh Dubmh2
Eoih3Durihht [`mjb
Mhsbdeotb`e3Osst. r`nhss`r
Mhportihet3(oeodhihet
9odoeotj ,estbtuth @n (oeodhihet [bhehs
*5;!bed !`om;6o/pot Eodor ,+;Ehw Mhajb0""##-5
jh pr`/ht w`r7 os ihetb`ehm of`vh bs jhrhfy fhbed rh`iihemhm oemn`rwormhm n`r hGoibeotb`e oem hvoauotb`e.
5
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OKE@6AHMDHIHE]
, oi drothnua t` I. MBEH[J FOE[OA )NBEOEKH K@E]V@AAHV* n`r fhbed o `estoet
s`urh `n dubmoeh murbed iy trobebed phrb`m. 1bs supp`rt jhaphm ih t` o`ipabsj tjh
pr`/ht.
, oi vhry `enbmhet tjot tjbs pr`/ht wbaa jhap ih be iy nuturh.
[oemhhp [jh`roe
!`aa. E`."#$#""#%&'
FFO0F
9,([; 6o/poteodor
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7/21/2019 FINANCIAL ANALYSIS OF BAJAJ MOTORS LTD., NARSINGPUR, GURGAON, HARYANA
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AB[] @N OFFVH+BO]B@E[
odh E`.
". F(60 Fo/o/ (`t rs 6bibthm ""
-. DM0 Dr`ss M`ihstb r`mut "-
*. 8[M0 8.[ M aaor "-
5. [8+0 [p rts 8tbabty +hjbah "*
%. (8+0(uatb 8tbabty +hjbah "*
. !
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AB[] @N ]OFAH[ odh E`.". :urrhet !otb *&
-. :osj !otb` *&
*. ub7 !otb` *'
5. Mhft0)qubty !otb` *'
%. r`prbhtory !otb` *$
. Eht r nbt !otb *$
&. )orebeds hr [jorh 5#
AB[] @N NBDXVH[ bh :jorts
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7/21/2019 FINANCIAL ANALYSIS OF BAJAJ MOTORS LTD., NARSINGPUR, GURGAON, HARYANA
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]OFAH @N K@E]HE][
KJOW]HV ]B]AH WODH E@.
B BE]V@MXK]B@E /"." Dhehroa ,etr`mutb`e of`ut tjh sht r
".- ,emustry pr`nbah
o. @rbdbe oem mhvha`pihet `n tjh bemustry
f. Dr`wtj oem prhshet stotus `n tjh bemustry
. ?uturh n tjh bemustry
BB VH[HOVKJ IH]J@M@A@DR /;
-." [tothihet `n rhshorj pr`fahi
-.- [tothihet `n rhshorj `f/htbvhs
-.* !hshorj mhsbde oem ihtj`m`a`dy
BBB K@IWOER WV@NBAH -
*." @rbdbe `n tjh `rdoebKotb`e
*.- Dr`wtj; Mhvha`pihet < rhshet stotus `n tjh @rdoebKotb`e
*.* @rdoebKotb`e struturh oem `rdoebKotb`e jort
*.5 r`mut oem shrvbh pr`nbah n tjh @rdoebKotb`e
*.% (or7ht pr`nbah `n tjh @rdoebKotb`e
B+ MO]O OEOAR[B[ OEM BE]HVWVH]O]B@E ?-
5." Moto oeoaysbs5.- [uiiory `n ?bembeds
5.* uhstb`es0j`bhs Dropj0,ethrprhtotb`e
+ K@EKAX[B@E[ OEM [XDDH[]B@E[ =8
%." [uiiory `n ahorebed hGphrbheh
%.- :`eausb`es oem !h`iihemotb`es
+B MB[KX[[B@E[ @E ]VOBEBED >-
." [tumhets w`r7 pr`nbah 4!`ah oem !hsp`esbfbabtbhs2
.- Hhy ahorebed nr`i trobebed
FBFAB@DVOWJR >>
OWWHEMB4 >;
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KJOW]HV B3 BE]V@MXK]B@E
$
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BE]V@MXK]B@E/./ Dh%hoa $%(`&"k($`% o:`"( O"(`'`:$ah #hk(`
Oe out`i`fbah; out` or; i`t`r or `r or bs o wjhhahm i`t`r vhjbahushm
n`r troesp`rtbedposshedhrs; wjbj oas` orrbhs bts `we hedbeh `r i`t`r. (`st mhnbebtb`es `n
tjh thri sphbny tjot out`i`fbahs orh mhsbdehm t` rue prbiorbay `e r`oms; t` jovh shotbed n`r
`eh t` hbdjt ph`pah; t` typboaay jovh n`ur wjhhas; oem t` fh `estruthm prbebpoaay n`r tjh
troesp`rt `n ph`pah rotjhr tjoe d``ms.
jh yhor "''bs rhdormhm tjh yhor `n fbrtj `n tjh i`mhre out`i`fbah 0 wbtj tjhFheK othet0
(`t`rwodhe;fy Dhrioe bevhet`r :ora FheK.(`t`rbKhm wod`es s``e rhpaohm oebioa0
mronthm orrbodhs;hsphboaay onthr out`i`fbahs fhoih onn`rmofah n`r ioey ph`pah wjhe
tjh ?`rm (`mha wos betr`muhm be "$#'.
jh thri i`t`ror jos n`rihray oas` fhhe ushm be tjh `ethGt `n hahtrbnbhm roba systhis t`
mhe`th o or wjbj nuetb`es os o sioaa a``i`tbvh fut oas` pr`vbmhs spoh n`r posshedhrs
oem foddodh. jhsh a``i`tbvh ors whrh `nthe ushm `e sufurfoe r`uths fy f`tj bethrurfoe
oem bethrbty robar`om systhis.
,t wos hstbiothm be -#"# tjot tjh euifhr `n out`i`fbahs jom rbshe t` `vhr " fbaab`e vhjbahs;
up nr`i tjh %## ibaab`e `n "$'. jh euifhrs orh berhosbed ropbmay; hsphboaaybe:jbeo; ,embooem `tjhrE,:s.
jh w`rm out`i`fbah `ihs; vbo tjh ?rhej out`i`fbah nr`i tjhOebhet Drhh7w`rm N JB
4outCs; LshanL2 oem tjh6otbei`fbabs 4Li`vofahL2A ihoebed o vhjbah tjot i`vhs btshan. jh
a`oew`rm wos nbrst om`pthm be )edabsj fy jh Ehw I r7 bihsbe "'$$. jh oathreotbvh
eoih or bs fhabhvhm t` `rbdbeoth nr`i tjh 6otbe w`rm orrus `r orrui 4Lwjhhahm vhjbahL2;
`r tjh (bmmah )edabsjw`rm orrh4LortL2 4nr`i @am E`rtj ?rhej2; be ture tjhsh orh sobm t`
jovh `rbdbeothm nr`i tjh Douabsjw`rm 7orr`s 4o Doaab:jorb`t2.
/.- BEMX[]VR WV@NBAH
o* @$2$% o%& &h3ha`
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:oeomo; (hGb`; !ussbo; [pobe; ?roeh; oem FroKba2; drhw " t` "' phr het t` shaa or`uem
tjrhh ibaab`e uebts be tjh `ursh `n -#""0"-. ,e -##$; ,embo hihrdhm os Osbos n`urtj aordhst
hGp`rthr `n posshedhr; fhjbem 9opoe; [`utj H`rho; oem jobaoem. ,e -#"#; ,embo fhot jobaoem
t` fh`ih Osbos tjbrm aordhst hGp`rthr `n posshedhr ors.
Os `n -#"#; ,embo bs j`ih t` 5# ibaab`e posshedhr vhjbahs. (`rh tjoe *.& ibaab`e out`i`tbvhvhjbahs whrh pr`muhm be ,embo be -#"# 4oe berhosh `n **.$2; io7bed tjh `uetry tjh
sh`em 4onthr :jbeo2 nosthst dr`wbed out`i`fbah ior7ht be tjh w`ram be tjot yhor. O`rmbed
t` tjh [`bhty `n ,emboe Out`i`fbah (oeunoturhrs; oeeuoa vhjbah soahs orh pr`/hthm t`
berhosh t` 5 ibaab`e fy -#"%; e` a`edhr % ibaab`e os prhvb`usay pr`/hthm.
jh io/`rbty `n ,embos or ioeunoturbed bemustry bs foshm or`uem tjrhh austhrs be tjh s`utj;
whst oem e`rtj. jh s`utjhre austhr `esbstbed `n :jheeob bs tjh fbddhst wbtj *% `n tjh
rhvheuh sjorh. jh whsthre juf ehor (uifoboem ueh`etrbfuths t` ** `n tjh ior7ht oem
tjh e`rtjhre austhr or`uem tjhEotb`eoa :opbtoa !hdb`e`etrbfuths *-.W'_:jheeob; wbtj tjh
,embo `phrotb`es `n ?`rm;1yuemob; !heouat; (btsufbsjb;Ebssoe; F(V;1bemustoe(`t`rs; Mobiahr; :opor`; oem [O hudh`t :btr`ebs of`ut t` fhdbe tjhbr `phrotb`es fy
-#"5. :jheeob o`uets n`r # `n tjh `uetrys out`i`tbvh hGp`rts.
Durdo`eoem (oehsorbe 1oryoeon`ri tjh e`rtjhre austhr wjhrh tjh `uetrys aordhst or
ioeunoturhr;(orutb [uKu7b; bs foshm. jh :jo7oe`rrbm`r ehor ueh;(ojorosjtrobs tjh
whsthre austhr wbtj `ipoebhs ab7h Dhehroa (`t`rs;+`a7swodhe; [7`mo; (ojbemro oem
(ojbemro; oto (`t`rs; (hrhmhs FheK; 6oem !`vhr; 9oduor :ors;?botoem?`rh (`t`rs
jovbed osshifay paoets be tjh orho.Eosjb7jos o io/`r fosh `n (ojbemro < (ojbemro wbtj o
8+ osshifay uebt oem oe )edbeh osshifay
uebt. Ouroedofomwbtj Oumb; [7`mooem +`a7swodheoas` n`ris port `n tjh whsthre austhr.
Oe`tjhr hihrdbed austhr bs be tjh stoth `nDu/orotwbtj ioeunoturbed nobabty `n Dhehroa
(`t`rsbe 1oa`aoem nurtjhr paoeehm n`roto Eoe`ot tjhbr paoet be[oeoem. ?`rm; (orutb
[uKu7b oem hudh`t0:btr`hepaoets orh oas` sht t` `ih up be Du/orot.
H`a7otowbtj1bemustoe (`t`rs;E`bmowbtj 1`emooemFoedoa`rhwbtj `y`toorh s`ih `n
tjh `tjhr out`i`tbvh ioeunoturbed rhdb`es or`uem tjh `uetry.
:* D`9(j o%&
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oai`st "**# 8[M be -#"-. jbs bs nurtjhr hGphthm r`ss tjh -### ior7 fy -#"%. ,erhosbed
DM w`uam ihoe berhoshm purjosbed p`whr oem jheh berhoshm mhioem n`r out`i`fbahs
?. @3hoaa 2`9(j ! `(jh $%&"#($h#0,emustrbhs orh usuoaay bethrmhphemhet `e hoj `tjhr.
jh hnnht `n hGpoesb`e `n `tjhr bemustrbhs bs f`uem t` phr`aoth t` tjh out`i`fbah bemustry os
whaa. [beh troesp`rt bs o fosb ehhm `n hvhry bemustry; mhioem n`r out`i`fbahs wbaa rbsh wbtjhvhry p`sbtbvh joedh be oe bemustry.
=. Ko :"1h# 2h(($%2 1`"%2h0,t bs e` i`rh o jbmmhe not tjot ,embo bs `eh `n tjh y`uedhst
`uetrbhs be tjh w`ram wbtj o ihmboe odh `n oai`st - yhorsA iuj a`whr tjoe tjh V`rams
fbddhst h`e`ibhs. ,t `eay sj`ws tjot tjh w`r7 aoss `estbtuths io/`ray `n y`ued
bembvbmuoas. jh or fuybed odh jos fhhe `e o mhabeh. Vjhrh o phrs`e odhm *$ ushm t` fuy o
or be tjh yhor -###; tjbs odh jos dromuoaay `ih m`we t` ** be -#"#. ,t bs `eay hGphthm t`
fh`ih ahsshr be tjh `ibed yhors.
>. D`9$%2 I$&&ah kao##0Vbtj tjh ibmmah aoss `n ,embo dr`wbed oeeuoaay; fhehnbts `n tjbs
sht`r orh stbaa uetopphm. ,t bs tjh troesbtb`e nr`i tjh a`whr aoss t` tjh ibmmah aoss wjbj`evhrts or bet` o ehhm nr`i o auGury.
@tjhr not`rs ab7h onn`rmofbabty; bee`votb`e; benrostruturh nobabtbhs oem prbh `n nuha oas`
onnht tjh mhioem n`r out`i`fbahs t` o aordh hGthet. jhsh joaahedhs 7hhp tjh out`io7hrs `e
tjhbr t`hs oaa tjh tbih. Vbtj tjh ibmmah aoss be ,embo stbaa dr`wbed oeeuoaay; tjh fhehnbts `n
tjbs sht`r orh stbaa uetopphm.
Vhkh%( Mh3ha`
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jhsh orh tjh eoihs wjbj jovh o frbaaboet oe ,embo `vhrodh. Oport nr`i tjbs; tjhrh orh
froems wjbj m`ibeoth o portbuaor rhdb`e `n tjh `uetry mhphembed `e tjhbr p`puaorbty be
tjot orho. jbs oe fh stumbhm nr`i tjh of`vh pbturh3
k* N"("h `! (jh B%&"#(1
jh nuturh `n Out`i`fbah ,emustry bs s` pr`ibsbed oem jhhrnua tjot bn tjh stotbstbs d` os
hstbiothm; tjhe; tjh sjorh `n ,emboe hGp`rts be tjh Da`foa out` ior7ht wbaa oai`st trbpah be tjh
yhors ojhom. jh `vhroaa out`i`fbah pr`mutb`e be ,embo w`uam hGpoem fy $. phr het be
-#"-0"*. jh osshedhr +hjbah (or7ht `n ,embo wbaa shaa oai`st % ibaab`e vhjbahs fy -#"&0-#"'. jh ,emboe Out` )Gp`rts wbaa oas` dr`w oem r`ss tjh "& fbaab`e 8[M ior7 fy -#"%0
-#".
Oem; tjhrh orh not`rs wjbj orh mhioem mhthribeoets paoybed be nov`ur `n tjh ,emboe
out`i`fbah ,emustry ab7h rbsbed noibay ,e`ih; pr`mut bee`votb`es; mhi`dropjbs oem
nov`urofah muty struturhA tjhrh bs o a`t wjbj tjh bemustry bs yht t` shh.
"*
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jh nuturh a``7s frbdjt oem fhbed oe hetrhprhehur; bn s`ih`eh bs a``7bed n`r `pp`rtuebtbhs be
tjbs ,emustry; oeytjbed rhotbvh= bee`votbvh rhaothm t` tjh out`i`fbah bemustry bs f`uem t`
w`r7.
Oem; tjhrh orh not`rs wjbj orh mhioem mhthribeoets paoybed be nov`ur `n tjh ,emboe
out`i`fbah ,emustry ab7h rbsbed noibay ,e`ih; pr`mut bee`votb`es; mhi`dropjbs oem
nov`urofah muty struturhA tjhrh bs o a`t wjbj tjh bemustry bs yht t` shh.jh nuturh a``7s frbdjt oem fhbed oe hetrhprhehur; bn s`ih`eh bs a``7bed n`r `pp`rtuebtbhs be
tjbs ,emustry; oeytjbed rhotbvh= bee`votbvh rhaothm t` tjh out`i`fbah bemustry bs f`uem t`
w`r7.
"5
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KJOW]HV BB 3 VH[HOVKJ
IH]J@M@A@DR
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-./ [(o(h'h%( `! h#hokj
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:`iporbed nbeoeboa rotb`s bs ihrhay `eh woy `n `emutbed nbeoeboa oeoaysbs. ?beoeboa
rotb`s noh shvhroa tjh`rhtboa joaahedhs3
/.jhy soy abttah of`ut tjh nbris pr`sphts be oe ofs`auth shesh. jhbr besbdjts of`ut rhaotbvh
phrn`rioeh rhqubrh o rhnhrheh p`bet nr`i `tjhr tbih phrb`ms `r sbibaor nbris.
-.@eh rotb` j`ams abttah ihoebed. Os bembot`rs; rotb`s oe fh a`dboaay bethrprhthm be ot ahost
tw` woys. @eh oe portboaay `vhr`ih tjbs pr`fahi fy `ifbebed shvhroa rhaothm rotb`s t`
pobet o i`rh `iprhjhesbvh pbturh `n tjh nbris phrn`rioeh.
?.[hos`eoa not`rs ioy prhvhet yhor0hem voauhs nr`i fhbed rhprhshetotbvh. O rotb`s voauhs
ioy fh mbst`rthm os o`uet foaoehs joedh nr`i tjh fhdbeebed t` tjh hem `n oe o`uetbed
phrb`m. 8sh ovhrodh voauhs n`r suj o`uets wjhehvhr p`ssbfah.
=.?beoeboa rotb`s orh e` i`rh `f/htbvh tjoe tjh o`uetbed ihtj`ms hipa`yhm. :joedhs be
o`uetbed p`abbhs `r j`bhs oe ybham mrostboaay mbnnhrhet rotb` voauhs.
>.jhy noba t` o`uet n`r hG`dhe`us not`rs ab7h bevhst`r fhjovb`r tjot orh e`t foshm up`e
h`e`ib nuemoihetoas `n tjh nbri `r tjh dhehroa h`e`iy 4nuemoihetoa oeoaysbs2.
Oaa nbeoeboa stothihets orh hsshetboaay jbst`rboaay jbst`rboa m`uihets. jhy thaa wjot jos
jopphehm murbed o portbuaor phrb`m `n tbih. 1`whvhr i`st ushrs `n nbeoeboa stothihets orh
`ehrehm of`ut wjot wbaa jopphe be tjh nuturh. [t`7j`amhrs orh `ehrehm wbtj nuturh
horebeds oem mbvbmhems. :rhmbt`rs orh `ehrehm wbtj tjh `ipoeys nuturh ofbabty t` rhpoy bts
mhfts. (oeodhrs orh `ehrehm wbtj tjh `ipoeys ofbabty t` nbeoeh nuturh hGpoesb`e.
Mhspbth tjh not tjot nbeoeboa stothihets orh jbst`rboa m`uihets; tjhy oe stbaa pr`vbmh
voauofah ben`riotb`e fhorbed `e oaa `n tjhsh `ehres.
?beoeboa stothihet oeoaysbs bev`avhs orhnua shahtb`e `n moto nr`i nbeoeboa stothihets n`r
tjh prbiory purp`sh `n n`rhostbed tjh nbeoeboa jhoatj `n tjh `ipoey. jbs bs o`ipabsjhm
fy hGoibebed trhems be 7hy nbeoeboa moto; `iporbed nbeoeboa moto or`ss `ipoebhs; oem
oeoayKbed 7hy nbeoeboa rotb`s.
-.- [(o(h'h%( `! h#hokj `:Ghk($3h#
,e t`moys jbdjay `iphtbtbvh hevbr`eihet hvhry `rdoebKotb`e bs `iphtbed t`worms
ojbhvbed h`e`iy oem hnnbbhey bet` tjhbr `phrotb`es wbtj o nosthr pr`hssbed roth.[` wjbah nobed tjhsh `embtb`es bt fh`ihs qubth biphrotbvh `e tjh port `n
`rdoebKotb`e t` ioeodh tjh systhi be o subtofah oem pr`mutbvh ioeehr be oaa orhos `n
`phrotb`es.
jh stumy hetbtahm; X?beoeboa oeoaysbs `n F(6 bs n`ushm `e hvoauotbed tjh nbeoeboa
s`uemehss `n tjh `ipoey tjr`udj vorb`us nbeoeboa rotb`s. jh stumy bs hipjosbKhm
`e mbsa`sbed tjh p`sbtb`e `n F(6 wbtj mbnnhrhet p`bet `n vbhw ab7h bt mbsa`shs
`ipoeys p`sbtb`e wbtj abqubmbty p`bet `n vbhw; s`avhey p`bet `n vbhw oem
pr`nbtofbabty p`bet `n vbhw s` tjot `eausb`es oe fh mrowe rhdormbed tjh nbeoeboa
jhoatj `n tjh `rdoebKotb`e. jh strhss bs `e 7hy nbdurhs be tjh nbeoeboa stothihets oem
tjh sbdebnboet rhaotb`esjbp tjot hGbsts fhtwhhe tjhi.
[` tjbs stumy n`ushs `e nbembed tjh s`autb`es; wjbj oe io7h tjh systhi `n tjh`rdoebKotb`e `iporotbvhay i`rh hnnhtbvh oem pr`phr.
"&
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-.? Vh#hokj &h#$2% o%& 'h(j`&`a`21
!)[)O!:1 M)[,DE3,t bs o mhsrbptbvh oem oeoaytboa rhshorj.
8E,+)![)3
Out`i`fbah bemustry.
[O(6) [,T)3
?beoeboa rhp`rts `n aost tjrhh yhors `n tjh `ipoey.
MOO :@66):,@E
jh ben`riotb`e ehhmhm n`r nuanbaabed tjh `f/htbvh `n tjh stumy bs `aahthm tjr`udj
sh`emory s`urhs `n moto; 7hhpbed be vbhw; tjh tbih; `st oem `tjhr s`urhs ovobaofbabty.
Oeeuoa !hp`rts < !h`rms `n tjh `ipoebhs orh iobeay ushm n`r tjh purp`sh `n tjh stumy.
!hshorj !hp`rts `n survhy `emuthm fy tjh `ipoey.
:`ipoebhs 9`ureoas oem +orb`us Vhfsbths.
"'
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KJOW]HV BBB 3 K@IWOER WV@NBAH
?./ @$2$% `! (jh `2o%$5o($`%
"$
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Fo/o/ (`t`rs 6bibthm wos be`rp`rothm be "$' oem storthm bts `iihrboa pr`mutb`e
be "$'$. FO9O9 (@@![ wos storthm os o iojbebed uebt wbtj fo7worm bethdrotb`e be
?`rdbeds `n Out` :`ip`ehets. Vh orh bet` ioeunoturbed `n out` `ip`ehets iobeay
prhbsb`e hedbeh < troesibssb`e `ip`ehets n`r w` Vjhhahrs; ?`ur Vjhhahrs; rot`rs oem
`tjhr 1hovy (ojbeh )qubpihets.
XEB][0
Iokj$%$%2 X%$( 7 /
6`othm `e tjh Mhajb09obpur 1bdjwoy `e
*$ 05# ibahst`eh; Fo/o/ (`t`rs 6bibthm bs
hrtbnbhm nr`i 8+ DiF1; Dhrioey.
[beh bts behptb`e be "$'; FO9O9
(@@![ jos bts sphboabKotb`e be
(ojbebed `n Out`
`ip`ehets sphbnboaay rhbsb`e )edbeh
:`ip`ehets.
)Gp`rt @rbhetotb`e bs tjh joaaior7 `n tjbs
paoet. jbs uebt jos storthm pr`mutb`e
sbeh (orj -##.
N`2$%2 X%$(
?uaay )qubpphm wbtj oaa nobabtbhs; jh
?`rdbed paoet bs a`othm ot Durdo`e. jh
paoet storthm bts `iihrboa pr`mutb`e be
tjh Ihor -##". ,t bs o [0"$5$; ,[@0
"5##" hrtbnbhm nr i 8+ DiF1;
Dhrioey.
N`"%&1 X%$(
:ostbed aoet `n Fo/o/ (`t`rs 6tm.
hstofabsjhm be -##; ot Fj`ro Hoaoe;
Fbe`ao ,emustrboa orho; Durdo`e; ,embo
sprhom `vhr oe orho `n orhs oem bs o
fo7worm bethdrotb`e.
jh sphboabKotb`e `n Fo/o/ (`t`rs
:ostbed aoet bs [jhaa
(`uambed oem Drhhe [oemostbed.
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Iokj$%$%2 X%$( -
6`othm ot oeteodor ,emustrboa Orho
48ttro7joem2; wos storthm be -##& oem bs
sprhom `vhr oe orho `n % Orhs. ,t bs
hqubpphm wbtj o ?`rdbed aoet oemrhbsb`e Out` :`ip`ehets
ioeunoturbed.
Iokj$%$%2 X%$( ?
6`othm ot ,emustrboa or7 ,+ be 1orbmwor
48ttro7joem2; wos storthm be -#"#. ,t bs ostoth `n ort rhbsb e Out` :`ip`ehets
ioeunoturbed ?obabty.
Iokj$%$%2 X%$( =
6`othm ot [ht r 0' ,( (oehsor;
Durdo`e.
?.- D`9(j, Mh3ha`
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+B[B@E0
` ottobe V ram :aoss )Ghaahey fy mhi`estrotbed +oauh Ommhm pr`muts t` ust`ihrs
D`## ]"%`3h 48[M (baab`es2
IB[[B@E0
?`us `e voauh foshm ioeunoturbed?`sthrbed thoi w`r7 < hejoebed tjh opofbabty `n tjh thoi
:`etbeuoa ,ipr`vhihet
toa )abibeotb`e `n wosths
`aautb`e ?rhh < [onh )evbr`eihet
IBAH[]@EH[0
.
Rho I$ah#(`%h#/88 [tort `n Fo/o/ (`t`rs 6tm.
/88> )stofabsjihet `n :urrhet 6`otb`e Fo/o/ (`t`rs 6tm.
/88 ,etr`mutb`e `n ?ahGbfah (oeunoturbed :`ehpt.
- )stofabsjihet `n (br`th7 ?`rdbeds os Fo7worm ,ethdrotb`e.
-= [torthm )Gp`rt Otbvbtbhs.
-> ,ethdrothm (oeodhihet [ysthi :hrtbnbotb`e `n F(6; nr`i 8+; Dhrioey.
-; )stofabsjihet `n ?hrr`us :ostbed; os fo7worm ,ethdrotb`e.
- ,([ :hrtbnbotb`e n`r (br`th7 ?`rdbed. )stofabsjhm Oauibebui ?`rdbed.
aoet ot oeteodor.-/ aoet ot 1orbmwor n`r 11(6.
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-// Ehw Mhmbothm )Gp`rt 6beh n`r (ojbebed be ,( (oehsor; Durdo`e.
-/- Ehw ?`rdbed aoet ot Fowoa ,emustrboa orho; Durdo`e
[]VHED]J0
`toa s`autb`e pr`vbmhr n`r ?`rdbed; :ostbed < (ojbebed :`ip`ehets uemhr sbedah
uifrhaao.
rhbsb`e port io7hr.
Da`foa [uppabhr.
:rbtboa pr`muts wbtj jbdj rhabofbabty.
[bedah [`urh [uppabhr t` (o/`r @)(s.
Mbrht @e 6beh 4M@62 [uppabhr t` oaa :ust`ihrs.
:opofah `n joemabed aordh v`auih pr`muts.
r`t`typh Mhsbde < Mhvha`pihet ?obabty.
[j`rt ahom tbih n`r Ehw r`mut Mhvha`pihet 4- t` 5 Vhh7s2 .
robehm oem jbdjay i`tbvothm w`r7n`rh .
?`us `e :ust`ihr Mhabdjt Fhsbmhs :ust`ihr [otbsnotb`e .
?.? @2o%$5o($`% #("k("h o%& `2o%$5o($`% kjo(
-*
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?.= W`&"k( o%& #h3$kh
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KJOW]HV B^3 MO]O OEOAR[B[ OEM
BE]HVWVH]O]B@E
Foaoekh [jhht `n Fococ I`t`rs3
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-'
http://www.bajajmotors.com/products_export_components.html -
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-$
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=./ Mo(o o%oa1#$#
jh Foaoeh [jhht oem tjh [tothihet `n ,e`ih orh hsshetboa; fut tjhy orh `eay tjh stortbed
p`bet n`r suhssnua nbeoeboa ioeodhihet. Oppay !otb` Oeoaysbs t` ?beoeboa [tothihets t`
oeoayKh tjh suhss; nobaurh; oem pr`drhss `n y`ur fusbehss.
!otb` Oeoaysbs heofahs tjh fusbehss `wehr=ioeodhr t` sp`t trhems be o fusbehss oem t`
`iporh bts phrn`rioeh oem `embtb`e wbtj tjh ovhrodh phrn`rioeh `n sbibaor fusbehsshs be
tjh soih bemustry. ` m` tjbs `iporh y`ur rotb`s wbtj tjh ovhrodh `n fusbehsshs sbibaor t`
y`urs oem `iporh y`ur `we rotb`s n`r shvhroa suhssbvh yhors; wotjbed hsphboaay n`r oey
uenov`rofah trhems tjot ioy fh stortbed. !otb` oeoaysbs ioy pr`vbmh tjh oaa0bip`rtoet horay
worebed bembotb`es tjot oaa`w y`u t` s`avh y`ur fusbehss pr`fahis fhn`rh y`ur fusbehss bs
mhstr`yhm fy tjhi.
*#
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WXVW@[H @N VO]B@[
B%3h#(`#
` jhap tjhi mhthribeh wjhtjhr tjhy sj`uam fuy sjorhs be tjh fusbehss;
j`am `e t` tjh sjorhs tjhy oarhomy `we `r shaa tjh sjorhs tjhy oarhomy `we.
jhy oas` woet t` osshss tjh ofbabty `n tjh fusbehss t` poy mbvbmhems.
Ah%&h# ` mhthribeh wjhtjhr tjhbr a`oes oem bethrhst wbaa fh pobm wjhe muh
Io%o2h#(bdjt ehhm shdihetoa oem t`toa ben`riotb`e t` shh j`w tjhy nbt bet` tjh
`vhroaa pbturh
H'
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ABXBMB]R VO]B@0
6bqubmbty rotb` ihosurhs tjh ofbabty `n tjh nbri t` ihht bts urrhet `fabdotb`es. 6o7 `n
abqubmbty `r hGhss abqubmbty; f`tj `embtb`es orh jorinua n`r tjh jhoatj `n `ipoey. ,n tjh
`ipoey bs jovbed hGhss abqubmbty tjhe be tjot osh s`ih nuems rhiobe bmah; `e tjh `tjhrjoem bn tjh `ipoey bs sunnhrbed nr`i ao7 `n abqubmbty tjhe be tjot osh bt ibdjt fh p`ssbfah
tjot bt wbaa e`t fh ofah t` ihht bts `fabdotb`es ot tbih.
X A$"$&$(1 $# (jh o:$a$(1 `! (jh !$' (` 'hh( $(# k"h%( `:a$2o($`%# o# (jh1 !oaa &"h.
` nbem `ut tjh abqubmbty p`sbtb`e `n tjh `ipoey wh dhehroaay ush K"h%( o($` ` "$k
o($`, (jh#h oh (jh '`#( k`''`% o($`# (jo( $%&$ko(h (jh h(h%( `! a$"$&$(1 ` aok `! $(.
jhrh orh s`ih `tjhr rotb`s tjhsh orh os n`aa`ws 3
KXVVHE] VO]B@
KO[J VO]B@
XBK VO]B@
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KXVVHE] VO]B@
jbs rotb` hGpaobe tjh rhaotb`esjbp fhtwhhe urrhet osshts oem urrhet abofbabtbhs `n o fusbehss.
jbs rotb` bs ushm t` osshss tjh nbris ofbabty t` ihht bts sj`rt thri abofbabtbhs `e tbih.
O`rmbed t` o`uetbed prbebpahs; urrhet rotb` `n -3" bs supp`shm t` fh oe bmhoa rotb`. jhn`riuao n`r oauaotbed tjbs rotb` bs3
KXVVHE] VO]B@KXVVHE] O[[H][KXVVHE] ABOFBAB]BH[.
Os o `evhetb`eoa ruah; o urrhet rotb` `n -3" `r i`rh bs `esbmhrhm sotbsnot ry. 1`whvhr bs
sj`uam fh fabemay n`aa`whm fhoush tjh urrhet rotb` bs o thst `n quoetbty; e t quoabty.
?@! Fo/o/ (`t`rs3
ortbuaors -#"# -#"" -#"-
:urrhet !otb` ".*3" ".&&3" ".-#3"
O%oa1#$#07
Os tjh urrhet rotb` `n Fo/o/ ( t`rs bs nautuotbed hoj yhor oem tjh rotb`s orh ahss tjoe bmhoa
rotb`. :urrhet rotb`s orh ahss tjoe bmhoa rotb` fhoush `n berhosh be urrhet abofbabtbhs bs iuj
nosthr tjoe urrhet osshts `n tjh `ipoey.
KO[J VO]B@0
:osj rotb` bs tjh i`st abqubm ossht; bt bs vhry bip`rtoet n`r oaa nbris. :osj rotb` sj`ws tjot
j`w iuj osj bs ovobaofah wbtj tjh nbris t` ihht bts urrhet `fabdotb`es. romh bevhstihets
`r ior7htofah shurbtbhs orh hqubvoahet t` osj; tjhrhn`rh bt ioy oas` fh beaumhm be tjh
`iputotb`es `n osj rotb`.
KO[JVO]B@KO[JLIOVH]OFAH [HKXVBVBH[KXVVHE] ABOF.
jbs rotb` sj`ws tjh oi`uet `n osj; wjbj bs ovobaofah t` ihht tjh urrhet abofbabtbhs. Fut
`eay `e tjh fosbs `n tjbs; wh oet soy of`ut tjh nbris abqubmbty p`sbtb`e b.h. wjhtjhr tjh
`ipoey wbaa fh ofah t` ihht tjh urrhet abofbabtbhs be nuturh `r e`t; fhoush tjhrh orh ioey
`ipoebhs wjbj jovh sioaa oi`uet `n osj be tjhbr joem oem stbaa tjhy orh pr`sphrbed ; /ust
fhoush tjhy d``m f`rr`wbed p`whr oem 7e`wahmdh `n hnnhtbvh utbabKotb`e.
N` FoGoG I`(`#0
Wortbkuaors 67?7 67?? 67?6Kosj Votb` 7.;?3? 7.=43? 7.?:3?
O%oa1#$#07
jbs rotb` `n tjh `ipoey bs nautuotbed wjbj bs e`t o d``m bembot`r n`r tjh rhmbt`rs `n tjh
`ipoey. ,t bs fhoush `n e`t ovobaofbabty `n d``m osj foaoeh oem berhosh be urrhet
abofbabtbhs. Fut os tjh `ipoey jos d``m f`rr`wbed p`whr tjhrhn`rh `ipoey jos t` berhosh
tjh osj foaoeh.
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XBK VO]B@0
jbs rotb` hGpaobe tjh rhaotb`e fhtwhhe abqubm ossht oem urrhet abofbabtbhs. 6bqubm ossht ihoes
tj`sh osshts wjbj wbaa ybham osj vhry sj`rtay. Oaa urrhet osshts hGhpt st`7 oem prhpobm
hGpheshs orh beaumhm be abqubm osshts. ,evhet`ry e`rioaay rhqubrh s`ih tbih n`r rhoabKbed
bet` osj. [` bevhet`ry `esbmhr fhbed ahss abqubm. Oe bmhoa qub7 rotb` bs sobm t` fh "3".ub7 rotb` bs oauaothm fy mbvbmbed abqubm osshts fy urrhet abofbabtbhs3
XBK VO]B@ABXBM O[[H][KXVVHE] ABOFBAB]HB[
N` FoGoG I`(`#3
Wortbkuaors 67?7 67?? 67?6_ubkl Votb` 7.:?3? 7.263? 7.823?
O%oa1#$#07
Os tjh rotb` `n tjh `ipoey bs odobe nautuotbed oem be -#"-;bt bs of`ut t` rhoj t` bmhoa tjh
rotb` be yhor -#"# oem -#"". ,t ihoes qub7 rotb` `n tjh `ipoey bs d``m wjbj sj`ws tjh
`ipoey s`uem p`sbtb`e. ,t bs fhoush `n `ipoeys d``m osj foaoeh ovobaofah oem tjh
`tjhr rhos`e n`r mhrhoshm qub7 rotb` bs berhosh be urrhet abofbabtbhs `n tjh `ipoey.
AH+HVODH @V KOWB]OA []VXK]XVH VO]B@[0
jhsh rotb`s orh oauaothm t` osshss tjh ofbabty `n tjh nbri t` ihht bts a`ed0thri abofbabtbhs osoem wjhe tjhy fh`ih muh.
MHF]7HXB]R VO]B@0
jbs rotb` hGprhss tjh rhaotb`esjbp fhtwhhe a`ed0thri mhfts oem sjorh j`amhr nuems. ,t
bemboths tjh pr`p`rtb`e `n nuems wjbj orh oqubrhm fy a`ed0thri f`rr`wbeds be `iporbs`e
t` sjorh j`amhrs nuems. jbs rotb` bs oauaothm t` osshss tjh ofbabty `n tjh nbri t` ihht bts
a`ed thri abofbabtbhs. Dhehroaay; tjh mhft0hqubty rotb` `n -3" bs `esbmhrhm sonh. ,n tjh mhft0
hqubty rotb` bs i`rh tjoe tjot; bt sj`ws o rotjhr rbs7y nbeoeboa p`sbtb`e nr`i a`ed thri p`bet
`n vbhw; os bt bemboths tjot i`rh oem i`rh nuems bevhsthm be tjh fusbehss orh pr`vbmhm fy
a`ed0thri ahemhrs.
MHF]7HXB]R VO]B@MHF]HXB]R
N` FoGoG I`(`#0
Wortbkuaors 67?7 67?? 67?6Mhft-!ubt"Votb`
7.;?3? ?.2?3? 7.;63?
O%oa1#$#07
*5
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,e -#"" mhft hqubty rotb` wos ehorhr t` tjh bmhoa rotb` < be -#"# oem -#"- mhft hqubty rotb` bs
a`whr tjoe bmhoa rotb` bs. -3". ,t bs e`t vhry d``m n`r a`ed thri ahemhrs fhoush tjhy orh e`t
iuj shurh be tjbs osh.
WV@WVBH]OVR VO]B@
WV@WVBH]OVR VO]B@[JOVH J@AMHV[ NXEM[]@]OA O[[H][
[jorhj`amhrs nuems S sjorh opbtoa hqubty \ hqubty sjorh worroets \rhshrvhs
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HOVEBED WHV [JOVH0
jbs rotb` ihosurhs tjh pr`nbt ovobaofah t` tjh hqubty sjorh j`amhrs `e o phr sjorh fosbs. Oaa
pr`nbts ahnt onthr poyihet `n toG oem prhnhrheh mbvbmhem orh ovobaofah t` hqubty sjorhj`amhrs. jbs rotb` bs oauaothm fy mbvbmbed tjh eht pr`nbts ovobaofah t` hqubty sjorhj`amhrs
fy tjh euifhr `n hqubty sjorhs bssuhm.
HOVEBED WHV [JOVHEH] WV@NB]7MB+BMHEM @E WHVNHVEKH [JOVH[E@
@N HXB]R [JOVH
N` FoGoG I`(`#0
ortbuaors -#"# -#"" -#"-)[4!s.2 ".-& ".5$ -'.&'
O%oa1#$#07
)orebeds phr sjorh `n tjh `ipoey jos fhhe berhosbed up t` tjrhh yhors oem bts berhosh bs
tjh rhsuat `n berhosbed pr`nbt ovobaofah n`r mbstrbfutb`e. )orebeds phr sjorh `n tjh `ipoey
jos fhhe d``m oem bt jos berhoshm tjh opobty `n tjh `ipoey be mhaorbed tjh mbvbmhem `e
hqubty sjorhs.
=.- ["''o1 `! N$%&$%2#
:urrhet rotb` `n tjh `ipoey m`hs e`t ihht tjh fhst sotbsnot`ry fhejior7 -3".
:osj rotb` oas` sj`ws o nautuotbed trhem hvhry yhor wjbj bs e`t d``m n`r tjh
`ipoey.
ub7 rotb` `n tjh `ipoey bs t`ujbed tjh sotbsnot`ry fhejior7 oai`st hvhry yhor
b.h. "3".
6bqubmbty p`sbtb`e `n tjh `ipoey bs d``m.
Mhft )qubty rotb` bs oas` sj`wbed o sabdjtay rbs7y nbeoeboa p`sbtb`e `n tjh `ipoey be
tjh prhvb`us yhors.
r`nbtofbabty p`sbtb`e `n tjh `ipoey bs e`t vhry d``m os bt sj`uam fh.
)orebeds phr sjorh `n tjh `ipoey bs d``m n`r tjh aost tjrhh yhors wjbj bs o d``m
bembot`r `n s`uem nbeoeboa p`sbtb`e.
=.; _uhstb`e-Kj`bkhs Dropj-Bethrprhtotb`e
*
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?$ %jh b&'`r(otb`& )b*h& b& tjh o+*hrtbsh(h&t b& &h,s#o#hr o&+ b&thr&ht,os3
`3 `' Vhs#`&sh.
aof`roth ?/ukbh&t ;=b&o+h!uoth ??rrhah*o&t 7 =?:
s `&a" ?8 jos ro&lh+ bt haof`roth o&+ :6 jos ro&lh+ bt sukbh&t s`
,h stbaa jo*ht` b(#r`*h `ur o+*hrtbsh(h&t #ort s` tjot oaa tjh ko&+b+oth ,`ua+ )ht tjhb&'`r(otb`&hokta" ,jot ,h ,o&t.
6$ kboa ossbsto&kh o&+ fhjo*b`ur `' tjh h(#a`"hhs b& tjh k`(#o&">
`. `' Vhs#`&shs3hr" ``+ ?7``+ 6;8
*hro)h 66W``r ? =?:
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%jh `kboaossbsto&kh ot
tjh k`(#o&" &hh+so fbt `' b(#r`*h(h&t os o(#abh+ b& tjhh(#a`"hhs rhs#`&sh.
;$ _uoabt" o&+ sto&+or+ `' '``+ su##abh+ ot #ortbhs o&+ b& ko&thh& `' tjhk`(#o&">
`3 `' Vhs#`&shhr" ``+ 6;=``+ ?6*hro)h 66W``r 7
=?:
%jh !uoabt" o&+ sto&+or+ '`r tjh '``+ su##abh+ ,os 'obra" )``+ ,jbkj ko&fh shh& 'r`( tjh rhs#`&sh os 8 ko&+b+oth jos ro&lh+ bt *hr" )``+ o&+
`&a" ;2 jo*h ro&lh+ bt )``+ fut `*hroaa !uhstb`& #otthr& ,os 'obra" )``+.
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7/21/2019 FINANCIAL ANALYSIS OF BAJAJ MOTORS LTD., NARSINGPUR, GURGAON, HARYANA
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=$ %jh s"sth(
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*hro)h 6:W``r ? =?:
%jh K`r#`roth (`*bh ,os o &h, b&btbotb*h ,jbkj jos fhh& ablh f" tjhko&+b+oths os `&a" 62jo*h )b*h& o*hro)h o&+ #``r rotb&) #ut t`)htjhr.
$ ssbsto&kh `' tjh h(#a`"hh +urb&) tjh &thr*bh,3
`3 `' Vhs#`&shhr" ``+ ;2``+ ?2*hro)h 7W``r 7 8:
5#
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% ossbsto&kh o&+ k``#hrotb`& `' tjh h(#a`"hhs +urb&) tjh &thr*bh, ,os*hr" k`&*b&kh+ f" tjh ko&+b+oth os tjh" jo*h ro&lh+ 4 '`r *hr" )``+1;; '`r )``+ s` tjh `*hroaa k``#hrotb`& ,os *hr" )``+.
4$ 5`, bs tjh k``r+b&otb`& fht,hh& t`# ah*ha (o&o)h(h&t o&+ f`tt`(ah*ha `' (o&o)h(h&t>
`3 `' Vhs#`&shhr" ``+ =?``+ ?*hro)h ?W``r 7 8:
5"
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%jh ko&+b+oths ,hrh ,haa k``r+b&oth+ s` tjh" jo*h ro&lh+ tjhk``r+b&otb`& fht,hh& tjh t`# ah*ha o&+ f`tt`( ah*ha os 47 *hr" )``+.&a" o (b&`rbt" `' tjh )r`u# tjot bs 6 &`t sotbsh+ ,btj tjh so(h.
:$ & "`ur `#b&b`& j`, ,`ua+ "`u roth tjh `*hroaa &o&kboa #r`khss ot 0oGoG9`t`rs Ot+.>
`3 `' Vhs#`&shhr" ``+ ;?``+ 6*hro)h ?W``r 7 8:
5-
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7/21/2019 FINANCIAL ANALYSIS OF BAJAJ MOTORS LTD., NARSINGPUR, GURGAON, HARYANA
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%jh h(#a`"hhs ,hrh &`t s` (ukj sotbsh+ f" tjh `*hroaa &o&kboa #r`khsss` tjhro&lb&) bs b& tjh (b++ah sbtuotb`& os tjh" jo*h ro&lh+ 8; '`r tjh *hr")``+ o&+ =8 '`rtjh )``+ s` ,h +` jo*h t` b(#r`*h tjh &o&kboa #r`khss '`r tjh
+h*ha`#(h&t.
2$/"sth( `' )b*b&) tjh soaor" o&+ f`&us t` tjh h(#a`"hhs>
`3 `' Vhs#`&sh?$ hr" ``+ 8?6$ ``+ ;;$ *hro)h =$ W``r 7 2;
%jh s"sth( `' soaor" o&+ f`&us bs )``+ os tjh" jo*h ro&lh+ 88 '`r tjhso(h1 fut stbaa bt &hh+s b(#r`*h(h&t t` h&k`uro)h tjh h(#a`"hhs.
?7$ _uoabt" o&+ sto&+or+ `' !uhstb`& #o#hrs b& "`ur +bskb#ab&h>
`3 `' Vhs#`&sh?$ hr" ``+ ;:6$ ``+ =;;$ *hro)h ?6=$ W``r 7 2;
5*
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s tjh &u(fhr `' ko&+b+oth 'okh+ o fbt +bkuatbhs b& s`a*b&) tjh #o#hr s``&a" =? jos ro&lh+ bt *hr" )``+1 = ro&lh+ bt os )``+ o&+ h*h& ?;ro&lh+ bt os o*hro)h.
55
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7/21/2019 FINANCIAL ANALYSIS OF BAJAJ MOTORS LTD., NARSINGPUR, GURGAON, HARYANA
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KJOW]HV ^ 3 K@EKAX[B@E[ OEM
[XDDH[]B@E[
>./ ["''o1 `! Aho%$%2 H
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F Koaa tjh ko&+b+oth ot #ortbkuaor tb(h o&+ h#aob& tjh ko&+b+oth j`,tjh" ko& fh&ht 'r`( `ur k`&suato&k".F t ,os o )rhot h#hrbh&kh t` ,`rl os o b&o&kboa 9o&o)h(h&t %rob&hh ot0oGoG 9`t`rs. t ,os o k`(#ahth ahor&b&) h#hrbh&kh fhkoush tjr`u)j tjot ko(h b& k`&tokt ,btj jb)ja"
#r`'hssb`&oa (o&o)hrs N h(#a`"hhsF 9" b&thr&sjb# ot 0oGoG 9`t`rs #r`*b+h+ (h o kahor *bh, `' ,jot`r)o&bHotb`&s orhoaa of`ut1 j`, tjh" '`r( tjhbr stroth)bhs1 j`, tjh" okjbh*h tjhbr )`oas o&+s#hkbkoaa" j`, b&o&kh Mh#ort(h&t k`&trbfuths t`,or+s tjh okjbh*h(h&t`' )`oas `'tjh k`(#o&".
s o 00 stu+h&t jo*h ahor&t tjot1 ,btj`ut #roktbkoa l&`,ah+)h tjhk`ursh bsb&k`(#ahth. r`( tjbs b&&`*otb`&s b&+ustr" trob&b&) #r`)ro( `&h ko&`ftob& b&+ustr"h#hrbh&kh. `r (h1 `& G`f trob&b&) #r`*b+hs tjh h#`surh `' #rhsh&tk`r#`roth ,`ra+skh&orb`. &h )ht o,orh `' stroth)bhs tjot orh b&*`a*h+ b& tjh s(``tj'u&ktb`&b&) `' tjhb&+ustr". ' jo*h #roktbkoa l&`,ah+)h1 tjh& ,h ,baa )ht s`(h htro *oauh,jh& ,hk`(#ahth `ur 00 k`ursh. /`1 #roktbkoa l&`,ah+)h bs *hr" b(#`rto&t os,haa ostjh`rhtbkoa l&`,ah+)h.
N`' (j$# G`: B 2`( (` aho% o a`(0
F ko(h t` l&`, j`, t` b&throkt ,btj #h`#ah.F 9" k`((u&bkotb`& slbaas )`t strh&)tjh&.F ahor&h+ j`, (o&o)h(h&t tjh`r" bs +bhrh&t 'r`( #roktbkh.F )ob&h+ l&`,ah+)h of`ut tjh *orbhs 9KsF +h*ha`#h+ tjh aho+hrsjb# slbaas.F Mh*ha`#h+ tjh #rhsh&totb`& slbaas
>.- K`%ka"#$`%# o%& Vhk`''h%&o($`%#0
jh `vhr oaa pr`hss `n rhrubtihet ot Fo/o/ (`t`rs bs )Ghaahet. jh sthp fy sthp
ben`riotb`e dbvhe t` tjh oembmoths n`r nbaabed up tjh oppabotb`e n`ri; `aahtb`e `n omibt
orms tjr`udj tjh bethreht bs o vhry rorh pr`hss wjbj bs jormay m`eh fy oey `tjhr
`rdoebKotb`e. jh fhst tjbed wjbj , ab7hm be tjh `rdoebKotb`e bs tjot tjh hipa`yhhs orh
vhry ibGbed be eoturh oem tjhy rhoaay ab7h t` jhap hoj `tjhr be tjhbr w`r7 wbtj`ut oey
jhsbtotb`e. )vhe tj`udj tjh hipa`yhhs jovh tjhbr w`r7 tjhy ushm t` w`r7 be o thoi. jh
ossbstoeh oem ``phrotb`e be tjbs `rdoebKotb`e oe ehvhr fh shhe hvhr be oey `n tjh `tjhr
`rdoebKotb`es.
jh oembmoths `vhr jhrh orh e`t trhothm os tjh bethrvbhw oembmoths rotjhr tjhy orh
trhothm os oe hipa`yhh `vhr jhrh. jhy orh dbvhe oaa typhs `n prbvbahdhs wjot oe
5
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hipa`yhh bs dbvhe besbmh tjh `rdoebKotb`e.
jh pr`hss om`pthm fy Fo/o/ (`t`rs bs tjh fhst pr`hss tjr`udj wjbj nbeoeboa p`sbtb`e `n
tjh `ipoey oe hosbay fh oshrtobehm. ruh nbeoeboa p`sbtb`e oe /umdhm oem bs ovobaofah n`r
oaa bts bethrhsthm portbhs.
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JOW]HV ^B3 MB[ X[[B@E @E
]VOBEBED
;./ [("&h%(# 9`
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"`u&) o&+ +"&o(bk k`(#o&" ,`rlb&) b& o 'ost )r`,b&) b&+ustr". %jhtrob&hh ,baa fh ofaht` ,`rl b&+h#h&+h&ta" `& #r`Ghkts1 ,jbkj `hrs o )rhot `##`rtu&bt" '`rahor&b&) o&+ sha'-+h*ha`#(h&t.
V`ahs o&+ Vhs#`&sbfbabt"F Whr'`r(b&) tjh o&oa"sbs `' foao&kh sjhht `' aost tjrhh "hors..F &oa"Hb&) tjh &o&kboa stoth(h&ts `' tjh k`(#o&" .F Vh*bh,b&) o&+ o&oa"sb&) 'u&+b&) +`ku(h&ts .F &thr#rhtb&) okk`u&tb&) o&+ &o&kboa (o&o)h(h&t #`abk" o&+#r`kh+urhs.F hrb'"b&) okk`u&ts +`ku(h&totb`&.F o(b&b&) okk`u&ts o&+ s#hkbk o##r`#rbotb`&.F D`b&b&) `r(oabtbhsF Koaa o&+ k`&r(b&) tjh +oths `' fbaas rhkhb*ofahs o&+ +hft`rsF rro&)h(h&ts '`r tjh s"sth(s 'r`( +(b&F K`aahktb`& `' rh!ubrh+ +`ku(h&ts o&+ fbaas 'r`( tjh h(#a`"hhs
;.- h1 aho%$%2#0
F #hrbh&kh+ tjh fhjo*b`ur b& `kh o+(b&bstrotb`&F &oa"Hh+ +bhrh&t k`&su(hr o&+ kabh&ts #hrs#hktb*hsF %jh ,o" `' toalb&) t` kabh&tsF okh+ #r`fah(s b& out`(otb`& o&+ #rhssurhs 'r`( su#hrb`rsF 0hjo*b`ur ,btj `tjhr ,`rlhrs o&+ ,btj k`aaho)uhsF %jh /haab&) Wr`khss os o 'rhsjhr t` tjh (orlht
F Wrh#orotb`& `' +oba" rh#`rt `& tjh h#h&shs b&kurrh+F #hrbh&kh+ aho+hrsjb# !uoabt" b& o& `r)o&bHotb`&F %oalb&) t` tjh o&b`us o&+ o&)r" kust`(hrs.F s o& b&+ustr" b&th)roth+ #r`)ro((hr jo&+ab&) `' f`tj stu+bhs o&+ G`f.F ssuh +h&tbkotb`& o&+ sshss(h&t `' tjh kabh&ts.F r`,tj o&+ Kjo&)h `' (b&h o&+ (" k`(#o&".F httb&) kabh&ts t` #o" otth&tb`& t` ,jot o( so"b&)F 5`, t` ,`rl ,btj tho( os o tho( (h(fhr
5$
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F$:a$`2o
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O
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Out`i`tbvh
ufabsjbed
-. 6jo( $# (jh ]`(oa H'
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