FINANCIAL ANALYSIS OF “BAJAJ MOTORS LTD., NARSINGPUR, GURGAON, HARYANA”

7/21/2019 FINANCIAL ANALYSIS OF BAJAJ MOTORS LTD., NARSINGPUR, GURGAON, HARYANA

1/53

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mhdrhh

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Eoih3 Durihht [`mjb Eoih3 [oemhhp [jh`roe

Mhsbdeotbè3Osst. r`nhss`r !àa E`."#$#""#%&'

Mhportihet3 (oeodhihet )eràaihet E`. "#&*$##%&'

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2/53

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Mhportihet3 (oeodhihet )eràaihet E`. "#&*$##%&'

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3/53

MHKAOVO]B@E

, tjh uemhrsbdehm sàhieay 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 ùt murbed tjh ùrsh `n iy stumy uemhr tjh suphrvbsbè `n (bss

Durihht [`mjb.

, osshrt tjot tjh stothihets iomh oem èausbès mrowe orh oe ùtìh

`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 ètobe oey port `n oey w`r7 wjbj jos

fhhe sufibtthm n`r tjh oworm `n oey `tjhr mhdrhh=mbpaìo=hrtbnboth be tjbs

8ebvhrsbty `r oey `tjhr 8ebvhrsbty.

>>>>>>>>>>>>>

4[bdeoturh `n tjh :oembmoth2 Eoih3 [oemhhp [jh`roe

!àa E`.3"#$#""#%&'

)eràaihet E`.3"#&$##%&'

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4/53

KHV]BNBKO]H FR DXBMH

jbs t` hrtbny tjot tjh rhp`rt `n tjh pr`/ht sufibtthm bs tjh ùtìh `n tjhpr`/ht w`r7 hetbtahm ?beoeboa Oeoaysbs `n Fo/o/ (`t`rs 6tm. orrbhm ùt fy

[oemhhp [jh`roe fhorbed !àa E`.3"#$#""#%&' < )eràaihet E`.3"#&*$##%&'

:orrbhm fy uemhr iy dubmoeh oem suphrvbsbè n`r tjh oworm `n Mhdrhh be

Fojha`r `n Fusbehss Omibebstrotbè `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 ìpahthm;

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

Mhsbdeotbè3Osst. r`nhss`r

Mhportihet3(oeodhihet

9odoeotj ,estbtuth @n (oeodhihet [bhehs

*5;!bed !òm;6o/pot Eodor ,+;Ehw Mhajb0""##-5

jh pr`/ht w`r7 os ihetbèhm of`vh bs jhrhfy fhbed rhìihemhm oemn`rwormhm n`r hGoibeotbè oem hvoauotbè.

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5/53

OKE@6AHMDHIHE]

, oi drothnua t` I. MBEH[J FOE[OA )NBEOEKH K@E]V@AAHV* n`r fhbed o èstoet

sùrh `n dubmoeh murbed iy trobebed phrb`m. 1bs supp`rt jhaphm ih t` oìpabsj tjh

pr`/ht.

, oi vhry ènbmhet tjot tjbs pr`/ht wbaa jhap ih be iy nuturh.

[oemhhp [jh`roe

!àa. E`."#$#""#%&'

FFO0F

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6/53

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-. DM0 Dr`ss M`ihstb r`mut "-

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%. (8+0(uatb 8tbabty +hjbah "*

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7/53

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*. ub7 !otb` *'

5. Mhft0)qubty !otb` *'

%. r`prbhtory !otb` *$

. Eht r nbt !otb *$

&. )orebeds hr [jorh 5#

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KJOW]HV ]B]AH WODH E@.

B BE]V@MXK]B@E /"." Dhehroa ,etr`mutbè ofùt 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`mà`dy

BBB K@IWOER WV@NBAH -

*." @rbdbe `n tjh `rdoebKotbè

*.- Dr`wtj; Mhvha`pihet < rhshet stotus `n tjh @rdoebKotbè

*.* @rdoebKotbè struturh oem `rdoebKotbè jort

*.5 r`mut oem shrvbh pr`nbah n tjh @rdoebKotbè

*.% (or7ht pr`nbah `n tjh @rdoebKotbè

B+ MO]O OEOAR[B[ OEM BE]HVWVH]O]B@E ?-

5." Moto oeoaysbs5.- [uiiory `n ?bembeds

5.* uhstbès0j`bhs Dropj0,ethrprhtotbè

+ K@EKAX[B@E[ OEM [XDDH[]B@E[ =8

%." [uiiory `n ahorebed hGphrbheh

%.- :èausbès oem !hìihemotbès

+B MB[KX[[B@E[ @E ]VOBEBED >-

." [tumhets w`r7 pr`nbah 4!àh oem !hspèsbfbabtbhs2

.- Hhy ahorebed nrì trobebed

FBFAB@DVOWJR >>

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9/53

KJOW]HV B3 BE]V@MXK]B@E

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10/53

BE]V@MXK]B@E/./ Dh%hoa $%(`&"k($`% o:`"( O"(`'`:$ah #hk(`

Oe outì`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 mhnbebtbès `n

tjh thri sphbny tjot outì`fbahs orh mhsbdehm t` rue prbiorbay è ròms; t` jovh shotbed n`r

èh t` hbdjt ph`pah; t` typboaay jovh nùr wjhhas; oem t` fh èstruthm 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 outì`fbah 0 wbtj tjhFheK othet0

(`t`rwodhe;fy Dhrioe bevhet`r :ora FheK.(`t`rbKhm wodès s`è rhpaohm oebioa0

mronthm orrbodhs;hsphboaay onthr outì`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 èthGt `n hahtrbnbhm roba systhis t`

mhe`th o or wjbj nuetbès os o sioaa a`ì`tbvh fut oas` pr`vbmhs spoh n`r posshedhrs

oem foddodh. jhsh a`ì`tbvh ors whrh `nthe ushm è sufurfoe rùths fy f`tj bethrurfoe

oem bethrbty robaròm systhis.

,t wos hstbiothm be -#"# tjot tjh euifhr `n outì`fbahs jom rbshe t` `vhr " fbaabè vhjbahs;

up nrì tjh %## ibaabè `n "$'. jh euifhrs orh berhosbed ropbmay; hsphboaaybe:jbeo; ,embooem `tjhrE,:s.

jh w`rm outì`fbah ìhs; vbo tjh ?rhej outì`fbah nrì tjhOebhet Drhh7w`rm N JB

4outCs; LshanL2 oem tjh6otbei`fbabs 4Li`vofahL2A ihoebed o vhjbah tjot i`vhs btshan. jh

aòew`rm wos nbrst om`pthm be )edabsj fy jh Ehw I r7 bihsbe "'$$. jh oathreotbvh

eoih or bs fhabhvhm t` `rbdbeoth nrì tjh 6otbe w`rm orrus `r orrui 4Lwjhhahm vhjbahL2;

`r tjh (bmmah )edabsjw`rm orrh4LortL2 4nrì @am E`rtj ?rhej2; be ture tjhsh orh sobm t`

jovh `rbdbeothm nrì tjh Douabsjw`rm 7orr`s 4o Doaab:jorb`t2.

/.- BEMX[]VR WV@NBAH

o* @$2$% o%& &h3ha`


11/53

:oeomo; (hGb`; !ussbo; [pobe; ?roeh; oem FroKba2; drhw " t` "' phr het t` shaa orùem

tjrhh ibaabè uebts be tjh ùrsh `n -#""0"-. ,e -##$; ,embo hihrdhm os Osbos nùrtj aordhst

hGp`rthr `n posshedhr; fhjbem 9opoe; [ùtj H`rho; oem jobaoem. ,e -#"#; ,embo fhot jobaoem

t` fhìh Osbos tjbrm aordhst hGp`rthr `n posshedhr ors.

Os `n -#"#; ,embo bs jìh t` 5# ibaabè posshedhr vhjbahs. (`rh tjoe *.& ibaabè outì`tbvhvhjbahs whrh pr`muhm be ,embo be -#"# 4oe berhosh `n **.$2; io7bed tjh ùetry tjh

shèm 4onthr :jbeo2 nosthst dr`wbed outì`fbah ior7ht be tjh w`ram be tjot yhor. O`rmbed

t` tjh [`bhty `n ,emboe Outì`fbah (oeunoturhrs; oeeuoa vhjbah soahs orh pr`/hthm t`

berhosh t` 5 ibaabè fy -#"%; e` aèdhr % ibaabè os prhvbùsay pr`/hthm.

jh io/`rbty `n ,embos or ioeunoturbed bemustry bs foshm orùem tjrhh austhrs be tjh sùtj;

whst oem e`rtj. jh sùtjhre austhr èsbstbed `n :jheeob bs tjh fbddhst wbtj *% `n tjh

rhvheuh sjorh. jh whsthre juf ehor (uifoboem uehètrbfuths t` ** `n tjh ior7ht oem

tjh e`rtjhre austhr orùem tjhEotbèoa :opbtoa !hdbèètrbfuths *-.W'_:jheeob; wbtj tjh

,embo `phrotbès `n ?`rm;1yuemob; !heouat; (btsufbsjb;Ebssoe; F(V;1bemustoe(`t`rs; Mobiahr; :opor`; oem [O hudh`t :btrèbs ofùt t` fhdbe tjhbr `phrotbès fy

-#"5. :jheeob oùets n`r # `n tjh ùetrys outì`tbvh hGp`rts.

Durdoèoem (oehsorbe 1oryoeon`ri tjh e`rtjhre austhr wjhrh tjh ùetrys aordhst or

ioeunoturhr;(orutb [uKu7b; bs foshm. jh :jo7oe`rrbm`r ehor ueh;(ojorosjtrobs tjh

whsthre austhr wbtj ìpoebhs ab7h Dhehroa (`t`rs;+à7swodhe; [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 +à7swodheoas` n`ris port `n tjh whsthre austhr.

Oe`tjhr hihrdbed austhr bs be tjh stoth `nDu/orotwbtj ioeunoturbed nobabty `n Dhehroa

(`t`rsbe 1oaàoem nurtjhr paoeehm n`roto Eoeòt tjhbr paoet be[oeoem. ?`rm; (orutb

[uKu7b oem hudh`t0:btr`hepaoets orh oas` sht t` ìh up be Du/orot.

Hà7otowbtj1bemustoe (`t`rs;E`bmowbtj 1èmooemFoedoa`rhwbtj `y`toorh sìh `n

tjh `tjhr outì`tbvh ioeunoturbed rhdbès orùem tjh ùetry.

:* D`9(j o%&


12/53

oai`st "**# 8[M be -#"-. jbs bs nurtjhr hGphthm r`ss tjh -### ior7 fy -#"%. ,erhosbed

DM wùam ihoe berhoshm purjosbed p`whr oem jheh berhoshm mhioem n`r outì`fbahs

?. @3hoaa 2`9(j ! `(jh $%&"#($h#0,emustrbhs orh usuoaay bethrmhphemhet è hoj `tjhr.

jh hnnht `n hGpoesbè `n `tjhr bemustrbhs bs fùem t` phràoth t` tjh outì`fbah bemustry os

whaa. [beh troesp`rt bs o fosb ehhm `n hvhry bemustry; mhioem n`r outì`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 èh `n tjh yùedhst

ùetrbhs be tjh w`ram wbtj o ihmboe odh `n oai`st - yhorsA iuj a`whr tjoe tjh V`rams

fbddhst hèìbhs. ,t èay sj`ws tjot tjh w`r7 aoss èstbtuths io/`ray `n yùed

bembvbmuoas. jh or fuybed odh jos fhhe è o mhabeh. Vjhrh o phrsè odhm *$ ushm t` fuy o

or be tjh yhor -###; tjbs odh jos dromuoaay ìh m`we t` ** be -#"#. ,t bs èay hGphthm t`

fhìh ahsshr be tjh ìbed 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 troesbtbè nrì tjh a`whr aoss t` tjh ibmmah aoss wjbjèvhrts or bet` o ehhm nrì o auGury.

@tjhr not`rs ab7h onn`rmofbabty; bee`votbè; benrostruturh nobabtbhs oem prbh `n nuha oas`

onnht tjh mhioem n`r outì`fbahs t` o aordh hGthet. jhsh joaahedhs 7hhp tjh outìo7hrs è

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`


13/53

jhsh orh tjh eoihs wjbj jovh o frbaaboet oe ,embo `vhrodh. Oport nrì tjbs; tjhrh orh

froems wjbj mìbeoth o portbuaor rhdbè `n tjh ùetry mhphembed è tjhbr p`puaorbty be

tjot orho. jbs oe fh stumbhm nrì tjh of`vh pbturh3

k* N"("h `! (jh B%&"#(1

jh nuturh `n Outì`fbah ,emustry bs s` prìbsbed 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 outì`fbah pr`mutbè be ,embo wùam hGpoem fy $. phr het be

-#"-0"*. jh osshedhr +hjbah (or7ht `n ,embo wbaa shaa oai`st % ibaabè vhjbahs fy -#"&0-#"'. jh ,emboe Out` )Gp`rts wbaa oas` dr`w oem r`ss tjh "& fbaabè 8[M ior7 fy -#"%0

-#".

Oem; tjhrh orh not`rs wjbj orh mhioem mhthribeoets paoybed be novùr `n tjh ,emboe

outì`fbah ,emustry ab7h rbsbed noibay ,eìh; pr`mut bee`votbès; mhi`dropjbs oem

novùrofah muty struturhA tjhrh bs o a`t wjbj tjh bemustry bs yht t` shh.

"*


14/53

jh nuturh a``7s frbdjt oem fhbed oe hetrhprhehur; bn sìhèh bs a``7bed n`r `pp`rtuebtbhs be

tjbs ,emustry; oeytjbed rhotbvh= bee`votbvh rhaothm t` tjh outì`fbah bemustry bs fùem t`

w`r7.

Oem; tjhrh orh not`rs wjbj orh mhioem mhthribeoets paoybed be novùr `n tjh ,emboe

outì`fbah ,emustry ab7h rbsbed noibay ,eìh; pr`mut bee`votbès; mhi`dropjbs oem

novùrofah muty struturhA tjhrh bs o a`t wjbj tjh bemustry bs yht t` shh.jh nuturh a``7s frbdjt oem fhbed oe hetrhprhehur; bn sìhèh bs a``7bed n`r `pp`rtuebtbhs be

tjbs ,emustry; oeytjbed rhotbvh= bee`votbvh rhaothm t` tjh outì`fbah bemustry bs fùem t`

w`r7.

"5


15/53

KJOW]HV BB 3 VH[HOVKJ

IH]J@M@A@DR

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16/53

-./ [(o(h'h%( `! h#hokj


17/53

:ìporbed nbeoeboa rotb`s bs ihrhay èh woy `n èmutbed nbeoeboa oeoaysbs. ?beoeboa

rotb`s noh shvhroa tjh`rhtboa joaahedhs3

/.jhy soy abttah ofùt tjh nbris pr`sphts be oe ofsàuth shesh. jhbr besbdjts ofùt rhaotbvh

phrn`rioeh rhqubrh o rhnhrheh p`bet nrì `tjhr tbih phrb`ms `r sbibaor nbris.

-.@eh rotb` jàms abttah ihoebed. Os bembot`rs; rotb`s oe fh a`dboaay bethrprhthm be ot ahost

tw` woys. @eh oe portboaay `vhrìh tjbs pr`fahi fy ìfbebed shvhroa rhaothm rotb`s t`

pobet o i`rh ìprhjhesbvh pbturh `n tjh nbris phrn`rioeh.

?.[hosèoa not`rs ioy prhvhet yhor0hem voauhs nrì fhbed rhprhshetotbvh. O rotb`s voauhs

ioy fh mbst`rthm os oùet foaoehs joedh nrì tjh fhdbeebed t` tjh hem `n oe oùetbed

phrb`m. 8sh ovhrodh voauhs n`r suj oùets wjhehvhr p`ssbfah.

=.?beoeboa rotb`s orh e` i`rh `f/htbvh tjoe tjh oùetbed ihtj`ms hipa`yhm. :joedhs be

oùetbed pàbbhs `r j`bhs oe ybham mrostboaay mbnnhrhet rotb` voauhs.

>.jhy noba t` oùet n`r hG`dheùs not`rs ab7h bevhst`r fhjovb`r tjot orh e`t foshm upè

hèìb nuemoihetoas `n tjh nbri `r tjh dhehroa hèìy 4nuemoihetoa oeoaysbs2.

Oaa nbeoeboa stothihets orh hsshetboaay jbst`rboaay jbst`rboa mùihets. jhy thaa wjot jos

jopphehm murbed o portbuaor phrb`m `n tbih. 1`whvhr i`st ushrs `n nbeoeboa stothihets orh

èhrehm ofùt wjot wbaa jopphe be tjh nuturh. [t`7jàmhrs orh èhrehm wbtj nuturh

horebeds oem mbvbmhems. :rhmbt`rs orh èhrehm wbtj tjh ìpoeys nuturh ofbabty t` rhpoy bts

mhfts. (oeodhrs orh èhrehm wbtj tjh ìpoeys ofbabty t` nbeoeh nuturh hGpoesbè.

Mhspbth tjh not tjot nbeoeboa stothihets orh jbst`rboa mùihets; tjhy oe stbaa pr`vbmh

voauofah ben`riotbè fhorbed è oaa `n tjhsh èhres.

?beoeboa stothihet oeoaysbs bevàvhs orhnua shahtbè `n moto nrì nbeoeboa stothihets n`r

tjh prbiory purp`sh `n n`rhostbed tjh nbeoeboa jhoatj `n tjh ìpoey. jbs bs oìpabsjhm

fy hGoibebed trhems be 7hy nbeoeboa moto; ìporbed nbeoeboa moto or`ss ìpoebhs; oem

oeoayKbed 7hy nbeoeboa rotb`s.

-.- [(o(h'h%( `! h#hokj `:Ghk($3h#

,e t`moys jbdjay ìphtbtbvh hevbrèihet hvhry `rdoebKotbè bs ìphtbed t`worms

ojbhvbed hèìy oem hnnbbhey bet` tjhbr `phrotbès wbtj o nosthr pr`hssbed roth.[` wjbah nobed tjhsh èmbtbès bt fhìhs qubth biphrotbvh è tjh port `n

`rdoebKotbè t` ioeodh tjh systhi be o subtofah oem pr`mutbvh ioeehr be oaa orhos `n

`phrotbès.

jh stumy hetbtahm; X?beoeboa oeoaysbs `n F(6 bs nùshm è hvoauotbed tjh nbeoeboa

sùemehss `n tjh ìpoey tjrùdj vorbùs nbeoeboa rotb`s. jh stumy bs hipjosbKhm

è mbsa`sbed tjh p`sbtbè `n F(6 wbtj mbnnhrhet p`bet `n vbhw ab7h bt mbsa`shs

ìpoeys p`sbtbè wbtj abqubmbty p`bet `n vbhw; sàvhey p`bet `n vbhw oem

pr`nbtofbabty p`bet `n vbhw s` tjot èausbès oe fh mrowe rhdormbed tjh nbeoeboa

jhoatj `n tjh `rdoebKotbè. jh strhss bs è 7hy nbdurhs be tjh nbeoeboa stothihets oem

tjh sbdebnboet rhaotbèsjbp tjot hGbsts fhtwhhe tjhi.

[` tjbs stumy nùshs è nbembed tjh sàutbès; wjbj oe io7h tjh systhi `n tjh`rdoebKotbè ìporotbvhay i`rh hnnhtbvh oem pr`phr.

"&


18/53

-.? Vh#hokj &h#$2% o%& 'h(j`&à`21

!)[)O!:1 M)[,DE3,t bs o mhsrbptbvh oem oeoaytboa rhshorj.

8E,+)![)3

Outì`fbah bemustry.

[O(6) [,T)3

?beoeboa rhp`rts `n aost tjrhh yhors `n tjh ìpoey.

MOO :@66):,@E

jh ben`riotbè ehhmhm n`r nuanbaabed tjh `f/htbvh `n tjh stumy bs àahthm tjrùdj

shèmory sùrhs `n moto; 7hhpbed be vbhw; tjh tbih; `st oem `tjhr sùrhs ovobaofbabty.

Oeeuoa !hp`rts < !h`rms `n tjh ìpoebhs orh iobeay ushm n`r tjh purp`sh `n tjh stumy.

!hshorj !hp`rts `n survhy èmuthm fy tjh ìpoey.

:ìpoebhs 9ùreoas oem +orbùs Vhfsbths.

"'


19/53

KJOW]HV BBB 3 K@IWOER WV@NBAH

?./ @$2$% `! (jh `2o%$5o($`%

"$


20/53

Fo/o/ (`t`rs 6bibthm wos be`rp`rothm be "$' oem storthm bts ìihrboa pr`mutbè

be "$'$. FO9O9 (@@![ wos storthm os o iojbebed uebt wbtj fo7worm bethdrotbè be

?`rdbeds `n Out` :ìpèhets. Vh orh bet` ioeunoturbed `n out` ìpèhets iobeay

prhbsbè hedbeh < troesibssbè ìpèhets n`r w` Vjhhahrs; ?ùr Vjhhahrs; rot`rs oem

`tjhr 1hovy (ojbeh )qubpihets.

XEB][0

Iokj$%$%2 X%$( 7 /

6òthm è tjh Mhajb09obpur 1bdjwoy è

*$ 05# ibahstèh; Fo/o/ (`t`rs 6bibthm bs

hrtbnbhm nrì 8+ DiF1; Dhrioey.

[beh bts behptbè be "$'; FO9O9

(@@![ jos bts sphboabKotbè be

(ojbebed `n Out`

ìpèhets sphbnboaay rhbsbè )edbeh

:ìpèhets.

)Gp`rt @rbhetotbè bs tjh joaaior7 `n tjbs

paoet. jbs uebt jos storthm pr`mutbè

sbeh (orj -##.

N`2$%2 X%$(

?uaay )qubpphm wbtj oaa nobabtbhs; jh

?`rdbed paoet bs aòthm ot Durdoè. jh

paoet storthm bts ìihrboa pr`mutbè 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;

Fbeào ,emustrboa orho; Durdoè; ,embo

sprhom `vhr oe orho `n orhs oem bs o

fo7worm bethdrotbè.

jh sphboabKotbè `n Fo/o/ (`t`rs

:ostbed aoet bs [jhaa

(ùambed oem Drhhe [oemostbed.

-#


21/53

Iokj$%$%2 X%$( -

6òthm ot oeteodor ,emustrboa Orho

48ttro7joem2; wos storthm be -##& oem bs

sprhom `vhr oe orho `n % Orhs. ,t bs

hqubpphm wbtj o ?`rdbed aoet oemrhbsbè Out` :ìpèhets

ioeunoturbed.

Iokj$%$%2 X%$( ?

6òthm ot ,emustrboa or7 ,+ be 1orbmwor

48ttro7joem2; wos storthm be -#"#. ,t bs ostoth `n ort rhbsb e Out` :ìpèhets

ioeunoturbed ?obabty.

Iokj$%$%2 X%$( =

6òthm ot [ht r 0' ,( (oehsor;

Durdoè.

?.- D`9(j, Mh3ha`


22/53

+B[B@E0

` ottobe V ram :aoss )Ghaahey fy mhièstrotbed +oauh Ommhm pr`muts t` ustìhrs

D`## ]"%`3h 48[M (baabès2

IB[[B@E0

?ùs è voauh foshm ioeunoturbed?`sthrbed thoi w`r7 < hejoebed tjh opofbabty `n tjh thoi

:ètbeuoa ,ipr`vhihet

toa )abibeotbè `n wosths

àautbè ?rhh < [onh )evbrèihet

IBAH[]@EH[0

.

Rho I$ah#(`%h#/88 [tort `n Fo/o/ (`t`rs 6tm.

/88> )stofabsjihet `n :urrhet 6òtbè Fo/o/ (`t`rs 6tm.

/88 ,etr`mutbè `n ?ahGbfah (oeunoturbed :èhpt.

- )stofabsjihet `n (br`th7 ?`rdbeds os Fo7worm ,ethdrotbè.

-= [torthm )Gp`rt Otbvbtbhs.

-> ,ethdrothm (oeodhihet [ysthi :hrtbnbotbè `n F(6; nrì 8+; Dhrioey.

-; )stofabsjihet `n ?hrrùs :ostbed; os fo7worm ,ethdrotbè.

- ,([ :hrtbnbotbè n`r (br`th7 ?`rdbed. )stofabsjhm Oauibebui ?`rdbed.

aoet ot oeteodor.-/ aoet ot 1orbmwor n`r 11(6.

--


23/53

-// Ehw Mhmbothm )Gp`rt 6beh n`r (ojbebed be ,( (oehsor; Durdoè.

-/- Ehw ?`rdbed aoet ot Fowoa ,emustrboa orho; Durdoè

[]VHED]J0

`toa sàutbè pr`vbmhr n`r ?`rdbed; :ostbed < (ojbebed :ìpèhets uemhr sbedah

uifrhaao.

rhbsbè port io7hr.

Da`foa [uppabhr.

:rbtboa pr`muts wbtj jbdj rhabofbabty.

[bedah [ùrh [uppabhr t` (o/`r @)(s.

Mbrht @e 6beh 4M@62 [uppabhr t` oaa :ustìhrs.

:opofah `n joemabed aordh vàuih 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 .

?ùs è :ustìhr Mhabdjt Fhsbmhs :ustìhr [otbsnotbè .

?.? @2o%$5o($`% #("k("h o%& `2o%$5o($`% kjo(

-*


24/53

?.= W`&"k( o%& #h3$kh


25/53


26/53

-
http://www.bajajmotors.com/products_machined_forging1.htmlhttp://www.bajajmotors.com/products_machined_hotforging1.html


27/53

KJOW]HV B^3 MO]O OEOAR[B[ OEM

BE]HVWVH]O]B@E

Foaoekh [jhht `n Fococ I`t`rs3

-&
http://www.bajajmotors.com/products_machined_coldforging1.htmlhttp://www.bajajmotors.com/products_casting1.html


28/53

-'
http://www.bajajmotors.com/products_export_components.html


29/53

-$


30/53

=./ Mo(o o%oa1#$#

jh Foaoeh [jhht oem tjh [tothihet `n ,eìh orh hsshetboa; fut tjhy orh èay tjh stortbed

p`bet n`r suhssnua nbeoeboa ioeodhihet. Oppay !otb` Oeoaysbs t` ?beoeboa [tothihets t`

oeoayKh tjh suhss; nobaurh; oem pr`drhss `n yùr fusbehss.

!otb` Oeoaysbs heofahs tjh fusbehss `wehr=ioeodhr t` sp`t trhems be o fusbehss oem t`

ìporh bts phrn`rioeh oem èmbtbè wbtj tjh ovhrodh phrn`rioeh `n sbibaor fusbehsshs be

tjh soih bemustry. ` m` tjbs ìporh yùr rotb`s wbtj tjh ovhrodh `n fusbehsshs sbibaor t`

yùrs oem ìporh yùr `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 bembotbès tjot oaa`w yù t` sàvh yùr fusbehss pr`fahis fhn`rh yùr fusbehss bs

mhstr`yhm fy tjhi.

*#


31/53

WXVW@[H @N VO]B@[

B%3h#(`#

` jhap tjhi mhthribeh wjhtjhr tjhy sjùam fuy sjorhs be tjh fusbehss;

jàm è 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 aòes oem bethrhst wbaa fh pobm wjhe muh

Io%o2h#(bdjt ehhm shdihetoa oem t`toa ben`riotbè t` shh j`w tjhy nbt bet` tjh

`vhroaa pbturh

H'


32/53

ABXBMB]R VO]B@0

6bqubmbty rotb` ihosurhs tjh ofbabty `n tjh nbri t` ihht bts urrhet `fabdotbès. 6o7 `n

abqubmbty `r hGhss abqubmbty; f`tj èmbtbès orh jorinua n`r tjh jhoatj `n ìpoey. ,n tjh

ìpoey bs jovbed hGhss abqubmbty tjhe be tjot osh sìh nuems rhiobe bmah; è tjh `tjhrjoem bn tjh ìpoey bs sunnhrbed nrì ao7 `n abqubmbty tjhe be tjot osh bt ibdjt fh p`ssbfah

tjot bt wbaa e`t fh ofah t` ihht bts `fabdotbès ot tbih.

X A$"$&$(1 $# (jh o:$a$(1 `! (jh !$' (` 'hh( $(# k"h%( `:a$2o($`%# o# (jh1 !oaa &"h.

` nbem ùt tjh abqubmbty p`sbtbè `n tjh ìpoey 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 sìh `tjhr rotb`s tjhsh orh os nàa`ws 3

KXVVHE] VO]B@

KO[J VO]B@

XBK VO]B@

*-


33/53

KXVVHE] VO]B@

jbs rotb` hGpaobe tjh rhaotbèsjbp 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 è tbih.

O`rmbed t` oùetbed 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 èvhetbèoa ruah; o urrhet rotb` `n -3" `r i`rh bs èsbmhrhm sotbsnot ry. 1`whvhr bs

sjùam fh fabemay nàa`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 ìpoey.

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 `fabdotbès. romh bevhstihets

`r ior7htofah shurbtbhs orh hqubvoahet t` osj; tjhrhn`rh bt ioy oas` fh beaumhm be tjh

ìputotbès `n osj rotb`.

KO[JVO]B@KO[JLIOVH]OFAH [HKXVBVBH[KXVVHE] ABOF.

jbs rotb` sj`ws tjh oiùet `n osj; wjbj bs ovobaofah t` ihht tjh urrhet abofbabtbhs. Fut

èay è tjh fosbs `n tjbs; wh oet soy ofùt tjh nbris abqubmbty p`sbtbè b.h. wjhtjhr tjh

ìpoey wbaa fh ofah t` ihht tjh urrhet abofbabtbhs be nuturh `r e`t; fhoush tjhrh orh ioey

ìpoebhs wjbj jovh sioaa oiùet `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 utbabKotbè.

N` FoGoG I`(`#0

Wortbkuaors 67?7 67?? 67?6Kosj Votb` 7.;?3? 7.=43? 7.?:3?

O%oa1#$#07

jbs rotb` `n tjh ìpoey bs nautuotbed wjbj bs e`t o d``m bembot`r n`r tjh rhmbt`rs `n tjh

ìpoey. ,t bs fhoush `n e`t ovobaofbabty `n d``m osj foaoeh oem berhosh be urrhet

abofbabtbhs. Fut os tjh ìpoey jos d``m f`rr`wbed p`whr tjhrhn`rh ìpoey jos t` berhosh

tjh osj foaoeh.

**


34/53

XBK VO]B@0

jbs rotb` hGpaobe tjh rhaotbè 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 sìh tbih n`r rhoabKbed

bet` osj. [` bevhet`ry èsbmhr 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 ìpoey bs odobe nautuotbed oem be -#"-;bt bs ofùt t` rhoj t` bmhoa tjh

rotb` be yhor -#"# oem -#"". ,t ihoes qub7 rotb` `n tjh ìpoey bs d``m wjbj sj`ws tjh

ìpoey sùem p`sbtbè. ,t bs fhoush `n ìpoeys d``m osj foaoeh ovobaofah oem tjh

`tjhr rhosè n`r mhrhoshm qub7 rotb` bs berhosh be urrhet abofbabtbhs `n tjh ìpoey.

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 aèd0thri abofbabtbhs osoem wjhe tjhy fhìh muh.

MHF]7HXB]R VO]B@0

jbs rotb` hGprhss tjh rhaotbèsjbp fhtwhhe aèd0thri mhfts oem sjorh jàmhr nuems. ,t

bemboths tjh pr`p`rtbè `n nuems wjbj orh oqubrhm fy aèd0thri f`rr`wbeds be ìporbsè

t` sjorh jàmhrs nuems. jbs rotb` bs oauaothm t` osshss tjh ofbabty `n tjh nbri t` ihht bts

aèd thri abofbabtbhs. Dhehroaay; tjh mhft0hqubty rotb` `n -3" bs èsbmhrhm sonh. ,n tjh mhft0

hqubty rotb` bs i`rh tjoe tjot; bt sj`ws o rotjhr rbs7y nbeoeboa p`sbtbè nrì aèd thri p`bet

`n vbhw; os bt bemboths tjot i`rh oem i`rh nuems bevhsthm be tjh fusbehss orh pr`vbmhm fy

aèd0thri 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


35/53

,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


36/53

HOVEBED WHV [JOVH0

jbs rotb` ihosurhs tjh pr`nbt ovobaofah t` tjh hqubty sjorh jàmhrs è o phr sjorh fosbs. Oaa

pr`nbts ahnt onthr poyihet `n toG oem prhnhrheh mbvbmhem orh ovobaofah t` hqubty sjorhjàmhrs. jbs rotb` bs oauaothm fy mbvbmbed tjh eht pr`nbts ovobaofah t` hqubty sjorhjàmhrs

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 ìpoey jos fhhe berhosbed up t` tjrhh yhors oem bts berhosh bs

tjh rhsuat `n berhosbed pr`nbt ovobaofah n`r mbstrbfutbè. )orebeds phr sjorh `n tjh ìpoey

jos fhhe d``m oem bt jos berhoshm tjh opobty `n tjh ìpoey be mhaorbed tjh mbvbmhem è

hqubty sjorhs.

=.- ["''o1 `! N$%&$%2#

:urrhet rotb` `n tjh ìpoey 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

ìpoey.

ub7 rotb` `n tjh ìpoey bs tùjbed tjh sotbsnot`ry fhejior7 oai`st hvhry yhor

b.h. "3".

6bqubmbty p`sbtbè `n tjh ìpoey bs d``m.

Mhft )qubty rotb` bs oas` sj`wbed o sabdjtay rbs7y nbeoeboa p`sbtbè `n tjh ìpoey be

tjh prhvbùs yhors.

r`nbtofbabty p`sbtbè `n tjh ìpoey bs e`t vhry d``m os bt sjùam fh.

)orebeds phr sjorh `n tjh ìpoey bs d``m n`r tjh aost tjrhh yhors wjbj bs o d``m

bembot`r `n sùem nbeoeboa p`sbtbè.

=.; _uhstbè-Kj`bkhs Dropj-Bethrprhtotbè

*


37/53

?$ %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 ùr o+*hrtbsh(h&t #ort s` tjot oaa tjh ko&+b+oth ,ùa+ )ht tjhb&'`r(otb`&hokta" ,jot ,h ,o&t.

6$ kboa ossbsto&kh o&+ fhjo*bùr `' tjh h(#a`"hhs b& tjh k`(#o&">

`. `' Vhs#`&shs3hr" ``+ ?7``+ 6;8

*hro)h 66W``r ? =?:

*&


38/53

%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" )``+.

*'


39/53

=$ %jh s"sth(


40/53

*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#


41/53

% 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"


42/53

%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 )rù# tjot bs 6 &`t sotbsh+ ,btj tjh so(h.

:$ & "ùr `#b&b`& j`, ,ùa+ "ù roth tjh `*hroaa &o&kboa #r`khss ot 0oGoG9`t`rs Ot+.>

`3 `' Vhs#`&shhr" ``+ ;?``+ 6*hro)h ?W``r 7 8:

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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;

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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.

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KJOW]HV ^ 3 K@EKAX[B@E[ OEM

[XDDH[]B@E[

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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`( ùr 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 tjrù)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 ofùt1 j`, tjh" '`r( tjhbr stroth)bhs1 j`, tjh" okjbh*h tjhbr )òas o&+s#hkbkoaa" j`, b&o&kh Mh#ort(h&t k`&trbfuths t`,or+s tjh okjbh*h(h&t`' )òas `'tjh k`(#o&".

s o 00 stu+h&t jo*h ahor&t tjot1 ,btjùt #roktbkoa l&`,ah+)h tjhkùrsh 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&*à*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 ùr 00 kùrsh. /`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 ofùt 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`riotbè dbvhe t` tjh oembmoths n`r nbaabed up tjh oppabotbè n`ri; àahtbè `n omibt

orms tjrùdj tjh bethreht bs o vhry rorh pr`hss wjbj bs jormay mèh fy oey `tjhr

`rdoebKotbè. jh fhst tjbed wjbj , ab7hm be tjh `rdoebKotbè bs tjot tjh hipa`yhhs orh

vhry ibGbed be eoturh oem tjhy rhoaay ab7h t` jhap hoj `tjhr be tjhbr w`r7 wbtjùt oey

jhsbtotbè. )vhe tjùdj tjh hipa`yhhs jovh tjhbr w`r7 tjhy ushm t` w`r7 be o thoi. jh

ossbstoeh oem ``phrotbè be tjbs `rdoebKotbè oe ehvhr fh shhe hvhr be oey `n tjh `tjhr

`rdoebKotbès.

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

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hipa`yhh bs dbvhe besbmh tjh `rdoebKotbè.

jh pr`hss om`pthm fy Fo/o/ (`t`rs bs tjh fhst pr`hss tjrùdj wjbj nbeoeboa p`sbtbè `n

tjh ìpoey oe hosbay fh oshrtobehm. ruh nbeoeboa p`sbtbè oe /umdhm oem bs ovobaofah n`r

oaa bts bethrhsthm portbhs.

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]VOBEBED

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"ù&) 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.

Vàhs 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&) okkù&tb&) o&+ &o&kboa (o&o)h(h&t #àbk" o&+#r`kh+urhs.F hrb'"b&) okkù&ts +`ku(h&totb`&.F o(b&b&) okkù&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 Kàahktb`& `' rh!ubrh+ +`ku(h&ts o&+ fbaas 'r`( tjh h(#a`"hhs

;.- h1 aho%$%2#0

F #hrbh&kh+ tjh fhjo*bùr 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*bùr ,btj `tjhr ,`rlhrs o&+ ,btj kàaho)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&bùs 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

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ufabsjbed

-. 6jo( $# (jh ]`(oa H'


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FINANCIAL ANALYSIS OF “BAJAJ MOTORS LTD., NARSINGPUR, GURGAON, HARYANA”

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