Friday, March 29, 2024

Bajaj Auto To Bring In New Electric Two-Wheelers

Since increasing its foothold across the country, Bajaj Auto has received positive feedback for its Chetak electric scooter. The Chetak nameplate returned to the scooter market after a long break, and the Chakan-based manufacturer will now expand its wings in the zero-emission space, bolstered by its modest success.

In the electric bike, for the most part, the e-bike fragment, we have seen many new businesses making an honest effort to get a piece of the pie, and consequently the possibility of moderateness, high reach, and incorporate quality come into the spotlight to separate one from the other. Bajaj has affirmed speculation of Rs. 300 crore to carry out five lakh electric vehicles each year.

Furthermore, Rajiv Bajaj, Managing Director of Bajaj Auto told in a meeting: “It is far less expensive to be off-base than it is to be late.” He further noticed that Bajaj will attempt to carry out 50,000 electric vehicles in the monetary year 2022-23 when contrasted with only 8,000 units in the current financial. Bajaj said his image will send off a new ‘Chetak’ for the following three to five years.

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From next financial, Bajaj will be focussing on assembling 2,000 units of the Chetak electric bike, and the Akurdi EV office in Pune will be ready to go by June 2022 for vehicle gathering fully intent on carrying out 2,50,000 EVs consistently and it very well may be extended to five lakh units as referenced above, should the interest perseveres.

Rajiv Bajaj recognized that Chetak “will be the mother brand for 2-wheeler EVs” made by his organization and before very long, electric three-wheelers will be produced. Bajaj seems, by all accounts, to be chipping away at a scope of electric bikes across various value sections and body types and whether the Chetak name will be utilized for an independent sub-brand or not is yet obscure.

The current Chetak will be restored after some time however Bajaj isn’t checking out “EVs as the mass market at the present time” In the next few years, we will see a lot of activity in the electric bike space as Hero MotoCorp, Suzuki, Yamaha, and TVS are banking enthusiastic about it.

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