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| Edited By: Neha Rishi |Source: DNA |Updated: Mar 17, 2018, 04:47 AM IST
Bajaj Auto’s loss making Indonesian subsidiary, PT Bajaj Auto Indonesia, is likely to break even by 2012, said Kevin D’sa, president (finance), Bajaj Auto.
Until the last year the normal loss of the subsidiary stood at 38 crore, but after adjusting for the exceptional forex gain of Rs27-28 crore the loss reflected was around Rs11 crore, which has come down to Rs6 crore in the first quarter.
On an analyst conference call, D’sa said the Indonesian operations will shift from assembling semi knocked down kits to completely knocked down kits soon.
The subsidiary assembles and markets Pulsars and the company plans to launch Pulsar 135cc in Indonesian market.
It is eyeing sales of around 25,000 units a month with the product. In addition to this, Bajaj Auto is looking at using Austrian bike maker KTM’s network to enter new markets. While the speculation is rife about Bajaj planning to use the KTM network to sell its bikes in Brazil, D’sa said that for now the company is planning to use the KTM network to sell Pulsars in the European market.
KTM, which made 3 million euros profit in the first 9 months of its financial year ending August, is on the verge of breaking even.
