No immediate plans for electric bike, Bajaj Auto goes big on green, keen to expand scooter portfolio

The highlight for Bajaj Auto‘s Q2 performance has no doubt been the sales of Chetak- its electric scooter and Freedom- the CNG bike. Chetak e-scooter sales have tripled in 12 months and clocked around 18,933 units in September. Even the CNG-bike Freedom saw a brisk sales momentum with Bajaj Auto selling over 6000 units since its launch in July. Does that mean that Bajaj is planning to introduce an electric motorcycle soon? Well, the two-wheeler major doesn’t seem to be in a hurry. Though concept work is underway, there isn’t any date in consideration yet.

Responding to a question, by Financial Express.com, on the company’s plans on launching an electric bike, Dinesh Thapar – CFO, Bajaj Auto ruled out any, “in the immediate future. I think much of the emphasis at this point of time is to really continue to build portfolio competitiveness on the electric scooter space and, of course, on the electric three-wheeler space. So clearly widening of those portfolios. But there is conception work, which is happening on electric motorcycles, but I think that that will see light of day clearly much later on, nothing definitive at this point.”

Legacy players playing catch up

The higher share of EVs in the current sales and quarterly performance isn’t something unique to Bajaj Auto. Many of the other traditional ICE two-wheeler biggies like Hero MotoCorp and TVS Motors have also seen similar trends.

Also Read M3M Group clears Rs 2,473 cr debt, signals strong financial health Asian Paints, JK Tyres, Balkrishna Industries and other paint and tyre stocks plunge as conflict continues in Middle East Gold loans by banks, NBFCs to reach Rs 15 trillion by March 2027; banks remain dominant on jewellery-backed agriculture loans IIFL Finance to make strong comeback, brokerages confident about company regaining market share

Also ReadMahindra Scorpio Classic Boss Edition — What’s different?

Speaking on the way the conventional players are catching up with the EV start-ups in the two-wheeler space, Thapar highlighted that, “if you look at just how the market has evolved in the past few years, nearly 80% of the market is held by the top four players. Two of the big legacy players that traditionally manufactured only ICE two-wheelers have come back in a big way and really garnered market share.

 » Read More

Related Articles

Markets to track inflation data, global trends, FIIs trading activity this week: Analysts

Investors would track a host of macroeconomic data announcements scheduled this week, including inflation numbers, and also monitor global market trends, and trading activity of foreign institutional investors, analysts said. The ongoing quarterly earnings announcements and the rupee-dollar trend would also influence the markets. “This week is set to be dynamic for global and Indian

The Evolution of Gurgaon’s Real Estate: How Dwarka Expressway is leading the way

With rising demand and consistent price appreciation, Gurgaon’s real estate market is on a strong growth trajectory. Its prime location, excellent connectivity, and world-class infrastructure make it a preferred choice for homebuyers and investors alike. The Evolution of Gurgaon Real Estate Infrastructure Gurgaon has long been a pioneer in shaping India’s luxury real estate market

Fixed Deposit: Make the most of current FD rates before they start falling

Fixed deposit (FD) rates are currently looking pretty attractive. If you’ve been thinking about parking your savings in guaranteed return investment schemes and earn decent returns, this might be the best time to do so. Banks are currently offering interest rates as high as 8% on FDs, with smaller banks pushing the envelope even further.

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Stay Connected

0FansLike
0FollowersFollow
0SubscribersSubscribe
- Advertisement -

Latest Articles

Markets to track inflation data, global trends, FIIs trading activity this week: Analysts

Investors would track a host of macroeconomic data announcements scheduled this week, including inflation numbers, and also monitor global market trends, and trading activity of foreign institutional investors, analysts said. The ongoing quarterly earnings announcements and the rupee-dollar trend would also influence the markets. “This week is set to be dynamic for global and Indian

The Evolution of Gurgaon’s Real Estate: How Dwarka Expressway is leading the way

With rising demand and consistent price appreciation, Gurgaon’s real estate market is on a strong growth trajectory. Its prime location, excellent connectivity, and world-class infrastructure make it a preferred choice for homebuyers and investors alike. The Evolution of Gurgaon Real Estate Infrastructure Gurgaon has long been a pioneer in shaping India’s luxury real estate market

Fixed Deposit: Make the most of current FD rates before they start falling

Fixed deposit (FD) rates are currently looking pretty attractive. If you’ve been thinking about parking your savings in guaranteed return investment schemes and earn decent returns, this might be the best time to do so. Banks are currently offering interest rates as high as 8% on FDs, with smaller banks pushing the envelope even further.

FPIs’ incessant selling continues; withdraw Rs 7,300 crore from equities in a week

The exodus of FPIs from the Indian equity markets continued unabated, as they withdrew over Rs 7,300 crore (about 840 million) in the first week of this month due to global trade tensions, with the US imposing tariffs on countries such as Canada, Mexico, and China. This came following an outflow of Rs 78,027 crore

Co-working spaces boom in small towns

In December last year, Andhra Pradesh chief minister N Chandrababu Naidu, in a bid to boost employment opportunities for women, ordered state officials to facilitate development of co-working spaces and “neighbourhood working spaces”. By the end of 2025, Andhra Pradesh aims to set up 1,50,000 seats in co-working space centres in government and private buildings.