According to Business Standard report, Bajaj Auto is planning to set up its fourth and largest five million unit per annum plant near the Mundra port in Gujarat with an initial investment of more than Rs 1,000 crore. The plant will also manufacture the long-awaited passenger car the company is developing with Nissan-Renault.
The plant will export at least 60 per cent production. The company is looking for 400-500 acres, including for vendors. A team led by Managing Director Rajiv Bajaj will visit Gujarat towards the end of the month for talks with the officials there.
Original report can be reached at this link