Bajaj Gets Patent For ExhausTEC
Bajaj has received a patent for a new technology, which has been a bone of contention with rival TVS Motor Co. Earlier, BAL had applied for patent of this technology in 2004. Later, TVS unveiled a series of new products, which Bajaj alleged of patent infringement of its ExhausTEC technology and served notice to the Chennai-based firm in December, 2007.
"The Indian Patent Office granted Bajaj Auto a patent for its 'ExhausTEC' invention vide Patent No 231498 dated March 5, 2009. This grant was published in Patent Gazette, dated March 27, 2009," Bajaj Auto Ltd (BAL) Vice-President (Business Development) S Ravikumar said.
Bajaj Auto claimed that ExhausTEC significantly improves low- and mid-range torque (tendency of a force to rotate an object about an axis) in a single cylinder four stroke engine, employing a chamber of predetermined volume attached to the exhaust pipe.
[Via: Motorbeam]
Bajaj Gets into Financing for its Two Wheelers
Bajaj Auto Finance Limited has launched a unique financing scheme for its models. The company not only finances its two-wheelers but also extend free warranty on every Bajaj motorcycle. Bajaj Auto Finance aims to bridge the gap between the customers and lack of lenders in the market.
The extended warranty comes as an extra bonus to lure the customers to buy Bajaj vehicles. "For a loan of 36 months tenor the free extended warranty offered by Bajaj Auto Finance extends for the entire 36 months. The customer therefore needs to only ensure timely payment of EMI's while Bajaj Auto Finance largely takes care of the cost of vehicle maintenance," said K Srinivas, Vice President (Retail Finance).
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