Bajaj Bikes

Bajaj Auto's new commuter motorcycle "V" is seen on display during its unveiling ceremony, in New Delhi. The motorcycle will be available in the market from March, 2016, and will cost between INR 60,000 to 70,000.

AP Photo/Tsering Topgyal

Chairman Bajaj Auto and head Bajaj Group, Rahul Bajaj, during The Economist India Summit 2015 at New Delhi.

Photo by Sanjay Rawat/ Outlook

People get their scooters repaired from a shop as a an old Bajaj scooter stands, in New Delhi. Once there was the waiting list to buy Bajaj scooters, a wait which often lasted for years. There was the pride of that first ride and you knew that you'd finally made it to the middle class. Later this month, Bajaj's last scooter will roll out from its factory, ending an era in India's transition from dreary socialist economy into a consumerist power house.

AP Photo/Manish Swarup