Bajaj Auto’s all launch announcements: CNG bike, new EVs, 100k sales goal

By Vivek Dubey By Vivek Dubey CNBC-TV18.com CNBC-TV18.com Published August 26, 2024 Published August 26, 2024

New CNG Motorcycle

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Ethanol Vehicles Next Month

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Electric Scooters in FY25

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Electric Motorcycles vs Scooters

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Ambitious Sales Goals

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Freedom 125 Distribution

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CNG bike Production Targets

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Upcoming E-Rickshaw

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GST Reduction Advocacy

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Profitable EV Business

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Dominant in EV Segments

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Bajaj Auto’s all launch announcements: CNG bike, new EVs, 100k sales goal

New CNG Motorcycle

Bajaj Auto plans to introduce another CNG motorcycle soon, following the Freedom 125, the world’s first CNG-powered motorcycle.

Ethanol Vehicles Next Month

The company will showcase ethanol-powered motorcycles and three-wheelers next month, with launches scheduled for FY25.

Electric Scooters in FY25

Affordable and premium electric scooters are set to debut in FY25, with a new Chetak platform expected early next year.

Electric Motorcycles vs Scooters

Rajiv Bajaj noted that electric scooters now hold more potential than motorcycles due to advancements in EV technology.

Ambitious Sales Goals

Bajaj Auto aims to achieve monthly sales of 100,000 clean energy vehicles by the festive season.

Freedom 125 Distribution

The Freedom 125, featuring a 2 kg CNG cylinder and a 2-litre petrol tank, has already seen 2,000 units dispatched with a range of up to 330 km.

CNG bike Production Targets

The company hopes to deliver 8,000-9,000 Freedom 125 CNG bikes in August and reach 40,000 units per month by January.

Upcoming E-Rickshaw

An e-rickshaw is set for launch in the next financial year as part of Bajaj Auto's clean energy expansion.

GST Reduction Advocacy

Bajaj Auto is pushing for reduced GST on CNG motorcycles, arguing that CNG should not be taxed at the same rate as less clean fuels.

Profitable EV Business

The company's electric vehicle business is profitable, with Bajaj Auto holding an 18% market share in electric two-wheelers.

Dominant in EV Segments

Bajaj Auto leads the electric three-wheeler market with a 36% share, aiming to increase it to 80%, leveraging its ICE market dominance.

Australia’s new law lets workers legally ignore after-hours boss calls

Australia’s new law lets workers legally ignore after-hours boss calls