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.
Learn about the journey of the Indian auto industry towards competitiveness. This article explores the history, challenges, and the need for policy changes to foster growth. Discover how tariff barriers, wrong industrialization models, and labor laws have impacted the industry. Find out why free trade agreements are crucial for Indian manufacturing.
India Business News: Learn about the journey of the Indian auto industry towards competitiveness. This article explores the history, challenges, and the need for policy changes to foster growth. Discover how tariff barriers, wrong industrialization models, and labor laws have impacted the industry. Find out why free trade agreements are crucial for Indian manufacturing.
Senior industry executives ET spoke to said even in the rural markets, the gap in incomes between varied sets of consumers has been triggering demand more at the higher end of the market, which is expected to eventually percolate down and make broad based the recovery over the next few quarters.
The total domestic Passenger Vehicle (PV) sales for December 2023 were recorded at 2,86,390 units as against 2,75,352 units sold in December 2022, data from Society of Indian Automobile Manufacturers (SIAM) showed. In the final month of 2023, the automakers sold 12,11,966 two-wheelers, while 50,537 three-wheelers were sold.