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The company has started selling its smaller models in Indonesia via the CBU route. Now that demand is strong, the company is looking at setting up a plant in Indonesia for KTM. Bajaj first started selling the Pulsar in 2005 under the PT brand but it was unable to generate the kind of demand it expected.
"The plan for PT. Bajaj Auto Indonesia is to spearhead the development of KTM and Bajaj partnership and bring the jointly developed products into Indonesia. To take this further, all the required manufacturing, import, and business licenses have been renewed. Further, studies on the product acceptability have been conducted, which look favourable," Bajaj Auto stated in its 2017-18 annual report. "CKD configurations have been created and the process of seeking clearances for these configurations has started.
The company plans to kick off the business operations for PT. Bajaj Auto Indonesia in the current year with the CKD production in Indonesia,” added the report.
To celebrate the 70 years of Jaguar racing heritage, the company has launched a special edition car called F-Type Chequered Flag Edition.
Read MoreJaguar launches the locally assembled petrol variant of F-Pace and it will be available to us via CKD route.
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