Bajaj Tempo Ltd. is a 45-year-old company with an annual turnover of 850 crore. They have two plants, one in Akurdi, Pune, and the other in Pithampur, Indore. They have an in-house R&D centre with 400 engineers and two industrial designers. Pinnacle Industries Ltd. was formed in June 1996 with an annual turnover of around 35 crores.