| Bajaj Auto is the latest entrant in the race to establish a greenfield manufacturing unit in the thriving Pantnagar industrial estate in Kumaon region with an investment of Rs 500 crore. |
| Meanwhile, Ashok Leyland is in talks with the top Uttaranchal government officials for setting up a new unit in the state. |
| For this purpose, the company is exploring the possibility of installing a manufacturing unit at Sitarganj industrial estate which is being developed by State Industrial Corporation of Uttaranchal Limited (SIDCUL). |
| "The talks are at very preliminary stage. But we are hopeful that Ashok Leyland official would make up a mind very shortly," a government official said. |
| Already, Tata Motors had deposited initial amount of Rs 7 crore for setting up a manufacturing unit at Pantnagar industrial estate which is already bursting at seems with hefty investments from top-notch companies like Britania, Parley Biscuits, Nestle India. |
| On the other hand, Bajaj Auto company would invest Rs 500 crore in its Pantnagar industrial estate manufacturing unit for motrocycles. |
| The company would produce 90,000 motorbikes per month. This part of the company's Rs 15 crore expansion plan. |
| Bajaj Auto is planning to raise production capacity to 51 lakh units "" 46 lakh two-wheelers and five lakh three- and four-wheelers, per year by 2009. In the first phase of the expansion, the company plans to expand motorcycle capacity to 36 lakh units per year by the year 2007. |
| The company has set a sales target of 28.5 lakh units for the financial year 2006-07, including exports of 3.65 lakh units. It is aiming to sell a total of 25.5 lakh two-wheelers and three lakh three-wheelers. |
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