Bajaj Auto & Allianz have signed their third joint venture partnership, 'Bajaj Allianz Financial Distributors Ltd.', encouraged by the tremendous performance of the Bajaj Allianz Life Insurance & Bajaj Allianz General Insurance and by the strong trust of consumers in the ‘Bajaj Allianz’ brand.

This joint venture is spurred by the demand from the customers across the country, specifically from non-urban markets, to also provide other consumer financial products like mutual funds, credit cards, home loans and personal loans at their doorstep, as we have provided simple, flexible and value-for-money insurance products and services throughout India.

Today the Bajaj Allianz network has a strong presence in over 850 towns with over 900 offices and over 200,000 agents. This existing strong brand equity in the field across the country enables us to reach out to millions of customers right from inception.

Speaking on this occasion Rahul Bajaj, Member of Parliament and Chairman Bajaj Auto Ltd. said "I am very pleased with the performance and strong brand equity built by Bajaj Allianz insurance companies. The new company 'Bajaj Allianz Financial Distributors' will also provide quality service to the masses, especially in non-urban areas, where they will now get from us best financial products right at their doorsteps. "

"This joint venture will also create massive employment and entrepreneurial opportunities for hundreds of thousands of people across the country."

Werner Zedelius, Member of the Board of Management of Allianz SE - Insurance Growth Markets, commented: "India is a key growth market for Allianz.  Both the Insurance companies have preformed exceedingly well. The new distribution company will help us strengthen our leadership position in India."

Bajaj Auto Ltd. is one of India’s largest automobile companies and is also the largest exporter of two and three wheelers from the country. The company’s capabilities have also been recognized internationally with the Asia Money Magazine placing Bajaj Auto amongst the Asia’s top 20 competitive corporates.

Bajaj Auto’s two and three wheelers are manufactured in three modern mass production facilities at Pune, Aurangabad and at a state of the art plant at Chakan. The combined installed capacity at the company’s manufacturing locations exceeds three million vehicles. Further expansion is underway with a plant being put up at Pantnagar in Uttranchal and also another plant at Chakan for a new range of three and four wheeler goods carriers.


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