Bajaj Auto plans to launch 2-stroke engines in India
Auto major Bajaj Auto has plans to launch two-stroke engines in the India market, sources said. The two-stroke engine had been a success in the past due to its higher torque (power), faster pickup and better vehicle stability due to the smaller engine.
Bajaj which made great strides in the two wheeler market through its DTSi technology has recently introduced the GDi (Gasoline Direct Injection) technology in its three wheelers. Bajaj Auto claims that the emissions are lower with GDi engines.
A senior Bajaj Auto executive said, “It is a big leap in the two-stroke technology and we are working to get it on our bikes and other two-wheelers. The gasoline direct injection (GDi) engine has substantially lower emissions than even alternate clean fuels like CNG and LPG. Additionally, it has lower operating costs than four-stroke technology that currently dominates the bike market. ”
The firm presently has a market cap worth Rs. 28,255 crore, PE of 22.78, EPS of 122.57. The company had posted a net profit of Rs. 336 crore in the quarter ended September, 2007 against Rs. 319 crore for the same quarter, last year.
The stock closed on Thursday at Rs. 2795 on NSE, up by 0.44% compared with previous close of Rs. 2782. It touched an intraday high of Rs. 2800 and low of Rs. 2731.