IBOV 177,866 ▲ 2.97% IPSA 11,057 ▲ 0.28% IPC MEX 66,496 ▲ 0.59% MERVAL 3,280,224 ▲ 2.43% COLCAP 2,307.67 ▲ 0.65% BVL PERÚ 56,194.27 ▲ 1.29% USD/BRL5.11▲ 0.02% USD/MXN17.48▲ 0.03% USD/CLP924.12▼ 0.08% USD/COP3,237▼ 0.27% USD/PEN3.41▲ 0.48% USD/ARS1,487▼ 0.03% USD/UYU40.22▲ 1.37% USD/PYG6,055▲ 1.45% USD/BOB10.14▲ 4.01% USD/DOP58.65▲ 0.29% USD/CRC448.82▲ 1.41% USD/GTQ7.63▲ 2.31% USD/HNL26.72▲ 0.09% USD/NIO 36.62 — 0.00% USD/VES719.54▼ 0.13% USD/PAB1.00— 0.00% USD/BZD2.00— 0.00% USD/JMD158.09▲ 0.40% USD/TTD6.75▲ 1.44% EUR/BRL5.84▲ 0.33% BRENT 78.60 ▲ 3.41% WTI 73.87 ▲ 3.44% IRON ORE 161.91 — — COPPER 6.31 ▲ 1.24% GOLD 4,072 ▼ 0.78% SILVER 59.07 ▼ 1.24% SOY 1,198 ▲ 0.15% CORN 467.00 ▲ 6.62% WHEAT 639.00 ▲ 1.11% COFFEE 336.80 ▼ 1.81% SUGAR 14.80 ▼ 0.54% ORANGE JUICE 143.25 ▼ 4.44% COTTON 81.35 ▲ 1.79% COCOA 5,574 ▼ 5.83% BEEF 230.55 ▼ 2.00% CATTLE 354.60 ▼ 0.44% LITHIUM 72.32 ▼ 0.69% PETR4 39.65 ▲ 1.12% VALE3 74.18 ▲ 1.41% ITUB4 44.30 ▲ 4.02% BBDC4 18.86 ▲ 4.78% ABEV3 15.82 ▲ 0.64% BBAS3 20.58 ▲ 2.90% B3SA3 15.42 ▲ 4.26% WEGE3 46.51 ▲ 1.68% PRIO3 55.45 ▼ 0.29% SUZB3 41.55 ▲ 1.27% RENT3 41.10 ▲ 4.31% AZZA3 19.10 ▲ 3.47% CSAN3 4.07 ▲ 5.44% RAIZ4 0.35 ▼ 5.41% PCAR3 2.73 ▼ 1.09% GMAT3 3.97 ▲ 1.02% PSSA3 54.97 ▲ 3.04% CVCB3 1.25 — 0.00% POSI3 3.97 ▲ 3.12% SLCE3 14.02 ▲ 1.67% NATU3 8.68 ▲ 2.60% BRKM5 6.63 ▲ 4.25% RANI3 8.01 ▲ 1.91% CSNA3 5.18 ▲ 7.92% CMIN3 5.23 ▲ 8.28% USIM5 8.45 ▲ 1.20% GGBR4 23.01 ▲ 2.36% ENEV3 27.55 ▲ 5.15% CPFE3 47.87 ▲ 3.41% CMIG4 11.38 ▲ 2.71% EQTL3 40.91 ▲ 3.54% LREN3 14.62 ▲ 3.32% VIVT3 35.75 ▲ 3.62% RAIL3 14.36 ▲ 4.44% KLABIN 17.54 ▲ 0.80% RAIA DROGASIL 18.77 ▲ 3.53% RDOR3 36.02 ▲ 2.48% HAPV3 10.60 ▲ 5.26% FLRY3 16.42 ▲ 4.25% SMTO3 16.37 ▲ 1.99% UGPA3 30.71 ▲ 2.03% VBBR3 33.00 ▲ 2.80% BBSE3 40.35 ▲ 2.72% BPAC11 58.73 ▲ 5.48% CURY3 34.21 ▲ 4.62% AERI3 2.09 ▲ 1.46% VIVARA 23.53 ▲ 4.21% COMPASS 25.50 ▲ 3.32% VAMOS 3.06 ▲ 3.38% SANB11 27.62 ▲ 5.22% ASAI3 8.87 ▲ 4.85% SBSP3 31.11 ▲ 3.70% WALMEX 49.31 ▲ 0.59% GMEXICO 198.62 ▲ 1.68% FEMSA 223.20 ▲ 0.37% CEMEX 21.82 ▲ 0.51% GFNORTE 186.51 ▲ 0.63% BIMBO 56.06 ▲ 0.23% TELEVISA 9.74 ▲ 2.63% AMX 22.70 ▲ 0.27% GAP 412.01 ▼ 0.41% ASUR 285.12 ▲ 0.53% OMA 235.73 ▼ 0.95% KOF 182.08 ▲ 0.65% GRUMA 282.99 ▲ 0.14% KIMBER 38.13 ▼ 0.81% SQM-B 67,750 ▼ 1.95% COPEC 6,139 ▲ 1.98% BSANTANDER 79.00 ▲ 1.94% FALABELLA 5,905 ▲ 0.92% ENELAM 85.40 ▲ 1.47% CENCOSUD 2,045 ▼ 0.55% CMPC 1,109 ▲ 1.32% BANCO CHILE 188.88 ▲ 1.01% LATAM AIR 26.26 ▼ 0.53% YPF 74,450 ▼ 1.75% GGAL 8,350 ▲ 5.96% PAMPA 5,185 ▼ 0.38% TXAR 671.00 ▲ 0.98% ALUAR 978.00 ▲ 0.98% TGS 9,610 ▲ 3.22% CEPU 2,405 ▲ 3.89% MIRGOR 17,375 ▲ 1.02% COME 45.90 ▲ 1.06% LOMA NEGRA 3,583 ▲ 2.43% BYMA 314.00 ▲ 1.37% TELECOM ARG 4,248 ▲ 3.09% ECOPETROL 15.59 ▲ 1.27% BANCOLOMBIA 82.95 ▲ 2.50% GRUPO AVAL 5.08 ▲ 1.20% CREDICORP 400.81 ▲ 2.27% SOUTHERN COPPER 175.83 ▲ 0.80% BUENAVENTURA 30.00 ▲ 1.52% MERCADOLIBRE 1,852 ▲ 2.46% NUBANK 13.76 ▲ 0.66% XP 16.92 ▲ 3.11% PAGSEGURO 9.25 ▲ 2.78% STONE 11.21 ▲ 2.28% GLOBANT 29.96 ▼ 4.25% TECNOGLASS 43.90 ▲ 1.76% GAP AIRPORT 235.64 ▲ 0.50% ASUR 285.12 ▲ 0.53% OMA AIRPORT 108.09 ▼ 0.22% AMX ADR 26.04 ▲ 0.77% FEMSA ADR 127.70 ▲ 0.55% CEMEX ADR 12.48 ▲ 0.89% PETROBRAS ADR 17.32 ▲ 1.70% VALE ADR 14.46 ▲ 1.69% ITAU ADR 8.62 ▲ 4.11% SANTANDER BR 5.39 ▲ 4.86% AMBEV ADR 3.07 ▲ 0.99% CSN 1.01 ▲ 5.79% GERDAU 4.50 ▲ 2.04% LATAM ADR 56.45 ▼ 1.03% BTC 62,889 ▼ 1.36% ETH 1,782 ▼ 1.29% SOL 76.47 ▼ 0.53% XRP 1.08 ▼ 0.69% BNB 569.26 ▼ 0.82% ADA 0.16 ▼ 1.46% DOGE 0.07 ▼ 0.49% AVAX 6.64 ▲ 3.72% LINK 7.95 ▼ 0.58% DOT 0.83 ▼ 1.56% LTC 43.54 ▼ 0.98% BCH 237.70 ▼ 0.94% TRX 0.33 ▼ 1.15% XLM 0.18 ▼ 1.19% HBAR 0.07 ▼ 1.00% NEAR 1.91 ▲ 1.29% ATOM 1.54 ▼ 1.28% AAVE 95.72 ▼ 1.38% SELIC 14.25% EMBRAER 84.60 ▲ 0.88% EMBRAER ADR 66.01 ▲ 0.72% JBS 11.91 ▲ 1.53% JBS BDR 60.78 ▲ 1.22% MBRF3 15.55 ▲ 0.91% MBRFY 2.97 ▼ 1.00% INTER 5.82 ▲ 1.93% IBOV 177,866 ▲ 2.97% IPSA 11,057 ▲ 0.28% IPC MEX 66,496 ▲ 0.59% MERVAL 3,280,224 ▲ 2.43% COLCAP 2,307.67 ▲ 0.65% BVL PERÚ 56,194.27 ▲ 1.29% USD/BRL 5.11 ▲ 0.02% USD/MXN 17.48 ▲ 0.03% USD/CLP 924.12 ▼ 0.08% USD/COP 3,237 ▼ 0.27% USD/PEN 3.41 ▲ 0.48% USD/ARS 1,487 ▼ 0.03% USD/UYU 40.22 ▲ 1.37% USD/PYG 6,055 ▲ 1.45% USD/BOB 10.14 ▲ 4.01% USD/DOP 58.65 ▲ 0.29% USD/CRC 448.82 ▲ 1.41% USD/GTQ 7.63 ▲ 2.31% USD/HNL 26.72 ▲ 0.09% USD/NIO 36.62 — 0.00% USD/VES 719.54 ▼ 0.13% USD/PAB 1.00 — 0.00% USD/BZD 2.00 — 0.00% USD/JMD 158.09 ▲ 0.40% USD/TTD 6.75 ▲ 1.44% EUR/BRL 5.84 ▲ 0.33% BRENT 78.60 ▲ 3.41% WTI 73.87 ▲ 3.44% IRON ORE 161.91 — — COPPER 6.31 ▲ 1.24% GOLD 4,072 ▼ 0.78% SILVER 59.07 ▼ 1.24% SOY 1,198 ▲ 0.15% CORN 467.00 ▲ 6.62% WHEAT 639.00 ▲ 1.11% COFFEE 336.80 ▼ 1.81% SUGAR 14.80 ▼ 0.54% ORANGE JUICE 143.25 ▼ 4.44% COTTON 81.35 ▲ 1.79% COCOA 5,574 ▼ 5.83% BEEF 230.55 ▼ 2.00% CATTLE 354.60 ▼ 0.44% LITHIUM 72.32 ▼ 0.69% PETR4 39.65 ▲ 1.12% VALE3 74.18 ▲ 1.41% ITUB4 44.30 ▲ 4.02% BBDC4 18.86 ▲ 4.78% ABEV3 15.82 ▲ 0.64% BBAS3 20.58 ▲ 2.90% B3SA3 15.42 ▲ 4.26% WEGE3 46.51 ▲ 1.68% PRIO3 55.45 ▼ 0.29% SUZB3 41.55 ▲ 1.27% RENT3 41.10 ▲ 4.31% AZZA3 19.10 ▲ 3.47% CSAN3 4.07 ▲ 5.44% RAIZ4 0.35 ▼ 5.41% PCAR3 2.73 ▼ 1.09% GMAT3 3.97 ▲ 1.02% PSSA3 54.97 ▲ 3.04% CVCB3 1.25 — 0.00% POSI3 3.97 ▲ 3.12% SLCE3 14.02 ▲ 1.67% NATU3 8.68 ▲ 2.60% BRKM5 6.63 ▲ 4.25% RANI3 8.01 ▲ 1.91% CSNA3 5.18 ▲ 7.92% CMIN3 5.23 ▲ 8.28% USIM5 8.45 ▲ 1.20% GGBR4 23.01 ▲ 2.36% ENEV3 27.55 ▲ 5.15% CPFE3 47.87 ▲ 3.41% CMIG4 11.38 ▲ 2.71% EQTL3 40.91 ▲ 3.54% LREN3 14.62 ▲ 3.32% VIVT3 35.75 ▲ 3.62% RAIL3 14.36 ▲ 4.44% KLABIN 17.54 ▲ 0.80% RAIA DROGASIL 18.77 ▲ 3.53% RDOR3 36.02 ▲ 2.48% HAPV3 10.60 ▲ 5.26% FLRY3 16.42 ▲ 4.25% SMTO3 16.37 ▲ 1.99% UGPA3 30.71 ▲ 2.03% VBBR3 33.00 ▲ 2.80% BBSE3 40.35 ▲ 2.72% BPAC11 58.73 ▲ 5.48% CURY3 34.21 ▲ 4.62% AERI3 2.09 ▲ 1.46% VIVARA 23.53 ▲ 4.21% COMPASS 25.50 ▲ 3.32% VAMOS 3.06 ▲ 3.38% SANB11 27.62 ▲ 5.22% ASAI3 8.87 ▲ 4.85% SBSP3 31.11 ▲ 3.70% WALMEX 49.31 ▲ 0.59% GMEXICO 198.62 ▲ 1.68% FEMSA 223.20 ▲ 0.37% CEMEX 21.82 ▲ 0.51% GFNORTE 186.51 ▲ 0.63% BIMBO 56.06 ▲ 0.23% TELEVISA 9.74 ▲ 2.63% AMX 22.70 ▲ 0.27% GAP 412.01 ▼ 0.41% ASUR 285.12 ▲ 0.53% OMA 235.73 ▼ 0.95% KOF 182.08 ▲ 0.65% GRUMA 282.99 ▲ 0.14% KIMBER 38.13 ▼ 0.81% SQM-B 67,750 ▼ 1.95% COPEC 6,139 ▲ 1.98% BSANTANDER 79.00 ▲ 1.94% FALABELLA 5,905 ▲ 0.92% ENELAM 85.40 ▲ 1.47% CENCOSUD 2,045 ▼ 0.55% CMPC 1,109 ▲ 1.32% BANCO CHILE 188.88 ▲ 1.01% LATAM AIR 26.26 ▼ 0.53% YPF 74,450 ▼ 1.75% GGAL 8,350 ▲ 5.96% PAMPA 5,185 ▼ 0.38% TXAR 671.00 ▲ 0.98% ALUAR 978.00 ▲ 0.98% TGS 9,610 ▲ 3.22% CEPU 2,405 ▲ 3.89% MIRGOR 17,375 ▲ 1.02% COME 45.90 ▲ 1.06% LOMA NEGRA 3,583 ▲ 2.43% BYMA 314.00 ▲ 1.37% TELECOM ARG 4,248 ▲ 3.09% ECOPETROL 15.59 ▲ 1.27% BANCOLOMBIA 82.95 ▲ 2.50% GRUPO AVAL 5.08 ▲ 1.20% CREDICORP 400.81 ▲ 2.27% SOUTHERN COPPER 175.83 ▲ 0.80% BUENAVENTURA 30.00 ▲ 1.52% MERCADOLIBRE 1,852 ▲ 2.46% NUBANK 13.76 ▲ 0.66% XP 16.92 ▲ 3.11% PAGSEGURO 9.25 ▲ 2.78% STONE 11.21 ▲ 2.28% GLOBANT 29.96 ▼ 4.25% TECNOGLASS 43.90 ▲ 1.76% GAP AIRPORT 235.64 ▲ 0.50% ASUR 285.12 ▲ 0.53% OMA AIRPORT 108.09 ▼ 0.22% AMX ADR 26.04 ▲ 0.77% FEMSA ADR 127.70 ▲ 0.55% CEMEX ADR 12.48 ▲ 0.89% PETROBRAS ADR 17.32 ▲ 1.70% VALE ADR 14.46 ▲ 1.69% ITAU ADR 8.62 ▲ 4.11% SANTANDER BR 5.39 ▲ 4.86% AMBEV ADR 3.07 ▲ 0.99% CSN 1.01 ▲ 5.79% GERDAU 4.50 ▲ 2.04% LATAM ADR 56.45 ▼ 1.03% BTC 62,889 ▼ 1.36% ETH 1,782 ▼ 1.29% SOL 76.47 ▼ 0.53% XRP 1.08 ▼ 0.69% BNB 569.26 ▼ 0.82% ADA 0.16 ▼ 1.46% DOGE 0.07 ▼ 0.49% AVAX 6.64 ▲ 3.72% LINK 7.95 ▼ 0.58% DOT 0.83 ▼ 1.56% LTC 43.54 ▼ 0.98% BCH 237.70 ▼ 0.94% TRX 0.33 ▼ 1.15% XLM 0.18 ▼ 1.19% HBAR 0.07 ▼ 1.00% NEAR 1.91 ▲ 1.29% ATOM 1.54 ▼ 1.28% AAVE 95.72 ▼ 1.38% SELIC 14.25% EMBRAER 84.60 ▲ 0.88% EMBRAER ADR 66.01 ▲ 0.72% JBS 11.91 ▲ 1.53% JBS BDR 60.78 ▲ 1.22% MBRF3 15.55 ▲ 0.91% MBRFY 2.97 ▼ 1.00% INTER 5.82 ▲ 1.93%
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Monday, July 13, 2026

Brazil Business - Brazil

Indian Bajaj intends to produce motorcycles in Brazil

By · May 1, 2021 · 3 min read

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RIO DE JANEIRO, BRAZIL – The Brazilian market has had little experience with Indian motorcycles. Except for the Royal Enfield motorcycles and the Dafra Apache RTR, assembled under TVS’s license, few models have reached the country.

But this should soon change. In October last year, Bajaj announced in India that it plans to expand globally, and this will include Brazil.

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Indian Bajaj’s CT100 starter model costs a little over R$3,500 (US$644). (Photo internet reproduction)
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In addition to being one of the largest manufacturers in India, the brand is also the largest exporter in the country. About 15% of everything Bajaj sells abroad is bound for Latin American countries such as Argentina, Colombia, and Ecuador. But the company’s plans are not limited to selling motorcycles in Brazil, as it should build a plant in Manaus (AM), with the potential to export to other markets in the region.

More than just announcing hypothetical plans, Bajaj has actually taken some actions. The first of them was to confirm the hiring of Waldyr Ferreira as head of operations in Brazil. The executive served as Harley-Davidson Brazil’s director until July last year. Bajaj’s business model in Brazil should be complete. In addition to the plant, it should also include logistics and stocks of localized parts.

Having a new competitor in the Brazilian market, dominated by Honda and Yamaha for years, is always good news. But the most interesting aspect is that Bajaj has a portfolio focused on entry-level models, with mainly low-cylinder motorcycles. The company’s best-selling models in India feature engines ranging from 100 cm³ to 400 cm³. Thus, it could offer more affordable motorcycles to Brazilian consumers.

It is interesting to note that Bajaj not only has some of the most affordable motorcycles in India, it also has the cheapest combustion motorcycle there. The small CT100, a model costing 49,152 rupees, or about R$3,540 in direct conversion. Naturally, it is a simple motorcycle, but when the converted value is compared to the cheapest motorcycle in Brazil, the difference is considerable. The most accessible conventional motorcycle in Brazil among the large manufacturers is the Honda Pop 110i, which costs no less than R$6,980.

Its list of standard equipment is very trim. The speedometer is analog and instrumentation is limited only to panel lights. The wheels are 17-inch alloy, with tube tires. The bike features two drum brakes and pedal start. Electric start is optional. However, it is equipped with items appreciated by Indians, such as an engine and body protector, as well as a chain cover.

Mechanically, the CT100 features a 102 cm³ air-cooled single-cylinder engine, but is now powered by electronic injection. With simple valve command in the head, it delivers only 7.9 hp of power and 0.83 kgfm of torque. The gearbox has four speeds, with downshifts, as in the Honda Biz, for example. Bajaj says that the CT 100’s top speed is 90 km/h. Its design resembles many models that have previously been available in Brazil, such as the Dafra Super 100 and the Sundown Hunter 90.

The Honda CG 160 is the best selling motorcycle in Brazil by a wide margin. But it is not particularly cheap: R$10,020 for the Start version with spoked wheels and front drum brakes. In India, Bajaj also has a cheaper alternative, complete and with a slightly larger engine, the Pulsar 180.

The Pulsar line has several engine options and models, but the 180 is the closest to our CG. In Brazil costs 107,904 rupees, or less than R$8,000. For this amount, it comes with a much more complete list of standard items, including a carved headlight, alloy wheels, LED lights and ABS brakes with discs on both wheels. The engine is a 178.6 cm³ single-cylinder with 17 hp of power and 1.45 kgfm of torque coupled to a 5-speed gearbox.

In addition to conventional motorcycles, Bajaj is also expanding its electric motorcycle line. In March, the company launched the Chetak scooter in India, a model that is priced from R$10,400. It features a 3.8 kW (about 5.5 hp) electric motor and 3 kWh capacity batteries.

With this setup, Bajaj claims that the Chetak has autonomy of up to 95 km, with a top speed of 70 km/h. Among the main items on its list of standard equipment, the Indian electric scooter now features full LED lights, a digital instrument panel, and Bluetooth connectivity.

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