The Pune-headquartered company, which posted an impressive 35 percent jump in net profit in the March quarter, is betting its CNG-driven bike, the world s first, will attract fuel-conscious customers
Bajaj has introduced the refreshed Chetak electric scooter with an improved range, a higher top speed, a new battery pack, and several new features. - Overdrive
Bajaj also pointed out that the company s exports, which accounted for 52.7 per cent of Bajaj Auto s net sales in FY22, dropped both in volume and in value terms in FY23. He pointed out political and economic uncertainties in several major importing countries such as Nigeria, Egypt, Sri Lanka and Bangladesh; demonetisation in Nigeria; unavailability of US dollars in the hands of importers as some of the main reasons for the drop in overseas sales.
The new unit will have a production capacity of 500,000 EVs per annum and is based in Akurdi (Pune), also the site of the original Chetak scooter factory that made Bajaj Auto a household name.