We expect the markets to be growing at about 7% to 8% in the coming year with the upper half of the industry growing at perhaps 2-3% points more and the bottom half growing at 2-3% points less than the average of 7% to 8%.
Bajaj Auto plans to disrupt the entry-level motorcycle market with the world s first CNG-run motorcycle, aiming to halve monthly fuel expenses. The bi-fuel motorcycles, priced at a premium, will challenge Hero MotoCorp s dominance. Bajaj aims to capitalize on the mileage-conscious entry-level segment, where it currently holds an 8% share. The move aligns with government carbon reduction goals and leverages Bajaj s experience in CNG three-wheelers. Launching first in Maharashtra and Gujarat, Bajaj plans to expand its CNG motorcycle portfolio in India and select international markets.
India Business News: Pune: Bajaj Auto is developing a portfolio of clean fuel CNG motorcycles, and the first such bike will hit the market in June, Bajaj Auto managing dir.
Bajaj Auto plans to launch clean-fuel motorcycles starting in June, emphasizing fuel efficiency and eco-consciousness. The company also announced a ₹5,000 crore investment in CSR.
Bajaj Auto is developing a range of CNG motorcycles, set to launch in FY25. The company urges the government to reduce GST on CNG bikes to 12% to promote their adoption. These motorcycles will target mileage-conscious consumers and will have a special tank for both petrol and CNG fuel options. Bajaj Auto acknowledges the need for an extensive network of CNG filling stations for the success of these bikes. The company is also actively promoting electric vehicles alongside CNG options.