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<keyword id="6359783" type="General" weightage="100" keywordseo="bajaj-auto" source="Orion">Bajaj Auto</keyword> Ltd on Wednesday said it will set up an electric vehicle manufacturing facility at Akurdi in Pune with an investment of ₹300 crore. The facility, for which the work has already commenced, will have the capacity to produce 5,00,000 Electric Vehicles (EVs) per annum and cater to both domestic and exports markets, the company said in a release. The first vehicle from the new unit, spread over half-a-million square feet space, is expected to be rolled out by June 2022. The unit will employ around 800 personnel. Akurdi is the site of the original Chetak scooter factory. "In 2001, Bajaj 2.0 took off on the roaring Pulsar, in 2021, Bajaj 3.0 arrived on the charming Chetak. Going forward, for the Bajaj portfolio, except for implementing one state-of-the-art ICE (Internal Combustion Engine) platform that is currently under development, all our R&amp;D drive train resources are now laser focused on creating EV solutions for the future. "This alignment reflects our belief that light electric vehicles for sustainable urban mobility is an idea whose time may finally have come," Rajiv Bajaj, Managing Director of Bajaj Auto, said. He also said the investment at the Akurdi facility will complete the virtuous cycle of hi-tech R&amp;D competencies, high-efficiency engineering capabilities, world class supply chain synergies, and global distribution network which should leapfrog the company into a market leading position in EVs in India and overseas. The investments made by Bajaj Auto will be supplemented by a number of vendors, who will invest a further ₹250 crore ($33 million), the company said. The new unit will have cutting-edge robotic and automated manufacturing systems for everything, including logistics and material handling, fabrication and painting, assembly and quality assurance. These systems have been designed for flexible product mix while keeping in mind the best worker ergonomics and maximum process efficiency, it said. The unit at Akurdi is co-located with Bajaj Auto's state-of-the-art R&amp;D centre to foster greater collaboration, leading to faster time-to-market and should transform the facility into a hub for design, development and manufacturing of a complete range of electric vehicles, according to the statement. SEE ALSO: <a href="https://www.businessinsider.in/business/auto/news/best-upcoming-electric-cars-in-india-in-2022/slidelist/88565231.cms">Best upcoming electric cars in India in 2022</a> <a href="https://www.businessinsider.in/business/auto/news/ola-electric-to-install-more-than-4000-ev-charging-points-across-cities-in-2022-ceo-bhavish-aggarwal/articleshow/88558896.cms">Ola Electric aims to install more than 4,000 EV charging points across cities in 2022</a>

Bajaj Auto to set up electric vehicle manufacturing unit in Pune with a ₹300 crore investment

As the month of August comes to an end, <keyword id="46211" type="General" weightage="20" keywordseo="auto-sales" source="Orion">auto sales</keyword> data has started pouring in, giving us an insight about the performance of major automakers in the country. While Maruti Suzuki has reported its best ever sales in August, Tata Motors and <keyword id="6359783" type="General" weightage="20" keywordseo="bajaj-auto" source="Orion">Bajaj Auto</keyword> have reported a decline in sales. <cmsannotation type="cmsannotation" annotationid="Maruti Suzuki reports highest ever sales" comment="subhead" text="Maruti Suzuki reports highest ever sales">Maruti Suzuki reports highest ever sales</cmsannotation> Maruti Suzuki India on Friday reported its highest-ever monthly wholesales at 1,89,082 units in August on the back of robust sales in the SUV segment. The country's largest carmaker became the leading player in the domestic SUV segment in the April-August period on the back of models like Grand Vitara, Brezza and Jimny. The auto major's overall dispatches to dealers last month were 14 % higher as compared to 1,65,173 units in August. The company previously reported its record monthly sales of 1,82,448 units in October 2020. Total domestic passenger vehicle sales were at 1,56,114 units as against 1,34,166 units in the year-ago month, a growth of 16 %. Utility vehicles, consisting of Brezza, Grand Vitara, Jimny, Ertiga and XL6, clocked sales of 58,746 units last month, over two-fold increase as compared to 26,932 units in August last year. <cmsannotation type="cmsannotation" annotationid="Tata Motors reports a decline in global sales" comment="subhead" text="Tata Motors reports a decline in global sales">Tata Motors reports a decline in global sales</cmsannotation> Tata Motors on Friday reported a marginal decline in total global sales at 78,010 units in August. The company posted total global sales of 78,843 units in August 2022. Total domestic sales were also marginally lower at 76,261 units as against 76,479 units in the year-ago month, Tata Motors said in a regulatory filing. Sales of passenger vehicles, including electric vehicles, in the domestic market were down 3.5 % at 45,513 units last month as against 47,166 units in August 2022, it added. Passenger electric vehicle sales, including in international markets, grew by 54.9 % at 6,236 units as compared to 4,026 units in the year-ago month, the company said. Total commercial vehicle sales were at 32,077 units from 31,492 units in the same month last year, up 1.9 %, it added. <cmsannotation type="cmsannotation" annotationid="Mahindra reports 19% increase in sales" comment="subhead" text="Mahindra reports 19% increase in sales">Mahindra reports 19% increase in sales</cmsannotation> Mahindra &amp; Mahindra (M&amp;M) on Friday said its total automotive sales increased by 19 % to 70,350 units in August. The company's total dispatches to dealers stood at 59,049 units in August 2022. The Mumbai-based auto major's passenger vehicle sales in the domestic market rose by 25 % to 37,270 units last month as against 29,852 units in April last year, the auto major said in a statement. <cmsannotation type="cmsannotation" annotationid="TVS Motor reports growth" comment="subhead" text="TVS Motor reports growth">TVS Motor reports growth</cmsannotation> TVS Motor Company on Friday reported a 4 % growth in total sales at 3,45,848 units in August 2023 as compared to 3,33,787 units in the same month last year. Total two-wheelers sales grew 5 % to 3,32,110 units last month as against 3,15,539 units in the year-ago period, TVS Motor Co said in a regulatory filing. Domestic two-wheelers registered a growth of 7 % at 2,56,619 units as against 2,39,325 units in August 2022, it added. The company said motorcycle sales were lower at 1,53,047 units in August 2023 as against 1,57,118 units in the same month last year, while scooter sales increased to 1,42,502 units from 1,21,866 units in the year-ago month. Electric scooter iQube clocked the highest sales of 23,887 units in August 2023 as against 4,418 units in the corresponding month last year, it added. <cmsannotation type="cmsannotation" annotationid="Bajaj Auto" comment="subhead" text="Bajaj Auto">Bajaj Auto</cmsannotation> Bajaj Auto on Friday said its total vehicle sales, including sale of commercial vehicles, declined 15 % to 3,41,648 units in August. The company had reported total sales of 4,01,595 vehicles in August last year. The total domestic sales dropped 20 % to 2,05,100 units in the previous month as compared to 2,56,755 units sold in August 2022, <keyword id="196995" type="General" weightage="80" keywordseo="bajaj-auto-ltd" source="Orion">Bajaj Auto Ltd</keyword> said in a statement. Total vehicle exports fell 6 % year-on-year to 1,36,548 units in August from 1,44,840 units shipped to the overseas markets in the year-ago period, it said. Its total two-wheeler sales declined 20% to 2,85,031 units in the previous month from 3,55,625 units sold in August 2022. Two-wheeler exports, however, increased 2 % to 1,24,211 units in August 2023 as against 1,21,787 units in the same month last year. SEE ALSO: <a href="https://www.businessinsider.in/business/auto/news/upcoming-new-cars-in-india-in-september-2023/slidelist/103247552.cms">Tata Nexon to Aston Martin DB12 – Cars launching in India this September</a> <a href="https://www.businessinsider.in/business/auto/webstories/hero-karizma-xmr-210-vs-bajaj-pulsar-rs200-which-bike-should-you-buy-under-2-lakh/slidelist/103241906.cms">Karizma vs Pulsar is back – Comparing the XMR 210 and RS200 in the under ₹2 lakh battle</a> <a href="https://www.businessinsider.in/business/auto/news/existing-car-owners-may-upgrade-if-current-bharat-ncap-ratings-are-low-finds-survey/articleshow/103052481.cms">Safety top priority now for Indian car buyers, existing owners may upgrade if ratings are low</a>

Maruti reports highest ever sales in August, Tata Motors and Bajaj Auto decline

<keyword id="6359783" type="General" weightage="20" keywordseo="bajaj-auto" source="Orion">Bajaj Auto</keyword> Ltd is ramping up <keyword id="22637" type="General" weightage="20" keywordseo="production" source="Orion">production</keyword> of its electric scooter <keyword id="409918" type="General" weightage="20" keywordseo="chetak" source="Orion">Chetak</keyword> to touch around 10,000 units a month by June, having overcome supply chain constraints as it gradually expands the sales network of the brand, according to a senior company official. The company plans to have around 150 exclusive outlets for the Chetak electric scooter by September, and is taking a calibrated expansion keeping in mind the uncertainty over the extension of FAME II scheme for promotion of electric vehicles beyond this fiscal. "We are trying to get to 10,000 (units) by June. It is a supply chain issue," <keyword id="6358511" type="General" weightage="20" keywordseo="bajaj" source="Orion">Bajaj</keyword> <keyword id="32870" type="General" weightage="20" keywordseo="auto" source="Orion">Auto</keyword> Executive Director Rakesh Sharma said here on the sidelines of opening of an exclusive Chetak showroom. The company has reached 5,000 units at present and next month, it will try to get to 7,000 units, he said, adding after that Bajaj Auto would assess how the demand is coming to plan future production roadmap. Sharma said the company had faced problems earlier due to over dependence on certain vendors, who could not supply some parts. "That we sorted out by the first quarter and it is giving us some confidence...," he said. Bajaj Auto Urbanite Business Unit President Eric Vas said the company had suffered production constraints due to the transition to the new battery norm AIS 156B, which came into effect from April 1 for enhanced safety. The constraints have been resolved to a large extent. "So, we think we will be back to normal production, in terms of production meeting our requirements of the number of stores we are opening possibly by middle to end of May and after that it is purely driven by what we want, we will get," he added. At present, the waiting period for Chetak is around 20 to 25 days, Vas said, adding, from May onwards, it would come down to three to five days. On network expansion, Vas said Chetak sales network currently spans across 88 towns through 105 dealerships. "By September, we hope to have around 150 exclusive outlets in 120 towns," he said, adding, the company would look at the market and calibrate again for expansion beyond these. Vas said a key factor for taking such an approach is the uncertainty over the continuation of the FAME II scheme, which was extended till March 31, 2024. "One of the things which we should have better clarity on sometime by September is what happens to FAME II after March (2024). I think a lot of things depend on that output," he said. When asked if FAME II scheme should be continued, he said the industry is of the opinion that cost of EVs will go up significantly if the subsidy is stopped and manufacturers could not afford to fully absorb the increased prices. "I think prices will go up. It will stop the growth of the industry and that is why I'm saying we (Bajaj Auto) need to calibrate very carefully when we're opening (new stores for Chetak)," Vas said. When asked about the outlook for fiscal 2023-24, Sharma said, if the supply holds out and the demand keeps picking up, along with the network expansion, Bajaj Auto could touch a total of 1 lakh electric two-wheelers between Chetak and what it supplies to electric mobility platform Yulu. SEE ALSO: <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/india/news/my-daughter-made-her-husband-a-prime-minister-sudha-murthy/articleshow/99842561.cms">My daughter made her husband a Prime Minister: Sudha Murthy</a> <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/business/auto/news/upcoming-new-cars-and-suvs-in-india-in-may-2023/slidelist/99842426.cms">Upcoming cars expected to launch in India in May 2023</a>

Bajaj Auto to boost Chetak's production to 10,000 units a month by June

New Delhi, Nov 26 () Shared e-mobility service provider Yulu on Tuesday said it has secured USD 8 million (approximately Rs 57.2 crore) investment from two-wheeler major Bajaj Auto.
 As part of the tie-up, Yulu will source electric two-wheelers from Bajaj Auto which have been co-designed and manufactured exclusively for shared micro-mobility, Yulu said in a statement.
 Bajaj Auto will also consider facilitating vehicle finance needs of Yulu for a large-scale deployment of its micro-mobility electric vehicles, it added.
 "We believe that... congestion reduction and pollution control will drive the segment of shared micro-mobility in the future," Bajaj Auto Managing Director Rajiv Bajaj said.
 That, coupled with the expansion of mass rapid transport systems like Metro in large cities, will further boost the demand for flexible last-mile connectivity, he added.
 "In Yulu, we find an experienced and committed partner with robust achievement of success metrics in a very short time. And this is why we decided to partner with them in their journey of bringing Yulu service to every neighbourhood of urban India," Bajaj said.
 Yulu said the fresh round of investment will be utilised for further strengthening of the mobility platform and deepening of the technology solutions for rapid expansion.
 The company plans to increase its fleet size to 1,00,000 electric two-wheelers by Dec 2020 with an extensive network of its battery-swapping stations across the cities where it operates.
 "Yulu's electric two-wheelers will help Indian commuters with the first and the last mile connectivity option. This partnership aims to solve the mobility challenges of urban India in an eco-friendly manner," Yulu Co-Founder and CEO Amit Gupta said.
 Currently, Yulu is present in Bengaluru, New Delhi, Pune, Greater Mumbai, and Bhubaneswar. MSS RKL ANS
ANS
ANS

Yulu receives USD 8 mn funding from Bajaj Auto

Mumbai, Jan 14 () Bajaj Auto managing director Rajiv Bajaj on Tuesday said that an "over-regulated" market has pushed up two-wheeler prices which would increase by around 30 per cent in a one-and-half-year period.
 Speaking at the launch of the electric version of the iconic Chetak scooter, Bajaj also pitched for lowering of GST rates.
 The market is "over-regulated", which has led to an increase in the two-wheeler prices, Bajaj said.
 The hike in prices would be about 30 per cent in one-and-a-half years, he said while referring to the impact of the implementation of new emission norms. Automakers have stated that BS-VI models would carry a higher price tag compared to BS-IV vehicles.
 Earlier, the Pune-based automaker announced the formal launch of its much-awaited Chetak electric scooter, at a starting price of Rs 1-lakh.
 It also announced the bookings, online and through select KTM stores, for the new vehicles from January 15 and deliveries from February-end.
 Bajaj also said that while the government has announced GST on electric vehicles at 5 per cent, the vehicles with combustion engine continue to attract 28 per cent and it to be lowered to 18 per cent. He also said he was not expecting much in the forthcoming union budget which could address the current issues industry is facing.
 The electric variant of the iconic Chetak will initially be available in Pune and Bengaluru, it said.
 "The return of the legendary Chetak now in a modern electric avatar is indeed a proud moment for all of us. From January 15 onwards Chetak will be available in two cities and this will mark the commencement of a new era in two-wheeler mobility," Rakesh Sharma, Executive Director, Bajaj Auto said.
 The automaker had unveiled Chetak last October.
 The company said the electric scooter will be available in two variants, Urbane and Premium.
 While Urbane edition with drum brakes will be priced at Rs 1-lakh, the Premium edition with disc brakes and luxury finish will be priced at Rs 1.15 lakh, it said, adding, both prices are ex-showroom and inclusive of applicable subsidies, and exclusive of insurance and road tax, the company said.
 To provide a seamless and convenient booking experience, customers can book the vehicle online on the Chetak website at an initial amount of Rs 2, 000, the company stated.
 According to Bajaj Auto, Chetak needs minimal maintenance with a service interval of 12,000 kilometres or one year (whichever is earlier) and comes with an overall warranty of 3 years or 50,000 kilometres (whichever is earlier) inclusive of the Lithium-Ion battery.
 "Our objective is to provide an attractive and viable option to commuters with different needs and expectations through the Chetak range. To achieve this, we have offered a highly advanced and elegant looking electric scooter at an affordable price," Sharma added. IAS MR
MR

Over-regulated market jacking up 2-wheeler prices, says Bajaj

<ul><li><keyword id="2665691" type="PERSON" weightage="20" keywordseo="Niti-Aayog">Niti Aayog</keyword> held meeting with chiefs Bajaj Auto and <keyword id="46156" type="CITY" weightage="20" keywordseo="TVS-Motor">TVS Motor</keyword> on Friday. </li></ul><ul><li>The government think tank wants two-wheeler and three-wheeler vehicles in India to go electric by 2023 and 2025 but the industry is protesting. </li></ul><ul><li>The meet was attended by Bajaj Auto MD, Rajiv Bajaj and TVS Motor Chairman, Venu Srinivasan, among others. Hero MotoCorp Chairman Pawan Munjal skipped the meeting. </li></ul>The Narendra Modi government in India is keen on electrifying as many vehicles on Indian roads as possible. However, the latest proposal to set a deadline of 2023 for two-wheeler makers and 2025 for three-wheeler makers has the companies up in arms. In a meeting with representatives of two and three wheeler manufacturing industries, the central think tank of India, the NITI Aayog on June 21, has asked the industry majors to draw up and present a plan to switch to <keyword id="6354973" type="UNKNOWN" weightage="20" keywordseo="electric-vehicles">electric vehicles</keyword> (EV’s) in the coming years, in two weeks. However manufacturers have shown disappointment with the plan sitting that they have already been forced to deal with an accelerated timeline for the new emission norms that are due to sweep in in 2020. While Rajiv Bajaj, the Managing Director of Bajaj Auto, reportedly called it ‘shock and awe’, Venu Srinivasan, Chairman, TVS Motor, told the <a href="https://economictimes.indiatimes.com/industry/auto/two-wheelers-three-wheelers/india-inc-wants-nitis-ev-juggernaut-to-move-out-of-the-fast-lane/articleshow/69920504.cms">Economic Times</a> that the government seemed to “negate in one stroke” the strides made by India in building the world’s largest <keyword id="411149" type="PERSON" weightage="20" keywordseo="two-wheeler-market">two wheeler market</keyword>. While Bajaj and TVS argued for more reasonable timelines, Pawan Munjal who heads India’s largest two-wheeler company, Hero Moto Corp, did not even attend the meeting on Friday. Further, the companies argued for fiscal incentives to promote manufacturing and sales of electric two-wheelers and three-wheelers. “I’m in awe of the apparent willingness to subsidise EVs — an approximate ₹1 lakh per vehicle — to help achieve reasonable price parity with ICE two- and three- wheelers for an estimated minimum industry size of 25 million by 2025,” Bajaj said. However, the Niti Aayog reportedly has the support from two-wheeler EV startups, represented by Tarun Mehta, founder of Alther Energy, and Sulajja Motwani of the Firodia group. However, the current manufacturing capacity of the startups is too low to meet the government’s target.

India’s top two-wheeler makers are on a collision course with the government over the deadline for electrification

Swiss sports bike maker <keyword id="47944" type="General" weightage="20" keywordseo="KTM" source="Orion">KTM</keyword>, which has a manufacturing joint venture with <keyword id="6359783" type="DOMAIN" weightage="20" keywordseo="bajaj-auto" botkeyword="" source="ET" sourcekeytype="COMPANY" meta.keywordsubtype="EQ" meta.aliasname="bajaj auto" meta.entityname="Bajaj Auto Ltd." meta.entityid="21430" meta.seoname="bajaj-auto-ltd">Bajaj Auto</keyword>, on Friday said it will begin selling the electric model of the resurrected iconic <keyword id="409918" type="General" weightage="20" keywordseo="chetak" source="Orion">Chetak</keyword> in the first quarter of 2024 in Europe. The 50.1:49.9 joint venture also rolled out the 1 millionth KTM bike from the Chakan plant near here. KTM claims to be the world's No 1 premium motorbike brand. The <keyword id="8226904" type="General" weightage="100" keywordseo="e-Chetak" source="Orion">E-Chetak</keyword> especially the second generation, is a great commuter product for a market like Europe. If everything goes as planned we should be selling this <keyword id="3044901" type="General" weightage="20" keywordseo="e-scooter" source="Orion">e-scooter</keyword> in Europe from early 2024. The European marketing season begins in March and we should be ready by then, Stefan Pierer, the chief executive of Perier Mobility which owns the KTM brand told reporters here. Since its launch in 1972, the Chetak became a household name over the decades but since the company made bigger from bikes, Bajaj Auto under the present management led by Rajiv Bajaj 2006 discontinued the Chetak. The iconic scooter made a comeback in October 2019 in the <keyword id="186291" type="General" weightage="20" keywordseo="EV" source="Orion">EV</keyword> form and since then has sold over 24,000 units at a price tag of Rs 1.4 lakh and is available in 40 cities now. The Bajaj KTM tie-up began in October 2007 and the first bike was rolled out in 2011. Rajiv Bajaj addressing the media said half of the 1 million KTMs are on Indian roads and the rest are exported to around 70 countries. On an annual basis, the Chakan plant can manufacture 2 lakh units of various KTM models and last year its output stood at around 1.6 lakh which has fallen further this fiscal due to chip shortage, a bajaj official told PTI here on Friday. Half of the KTMs produced in Pune are shipped to around 70 global markets by KTM while Bajaj ships a portion of its volume to Sri Lanka, Nepal and Indonesia, Pierer said. On achieving the 1 millionth milestone, Bajaj said when we began the KTM partnership in 2007 with the goal of affordable innovation and 15 years later we have not only been successful but have also become strategic partners with a 49.9:50.1 equity holding structure. And given our similar cultures, sustained and trusted cooperation has been built which will soon be extended to electric vehicles and next-generation technologies. He also said the plant is ready to roll our higher-end KTM bikes as and when KTM management wants us. SEE ALSO: <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/business/auto/news/hyundai-grand-i10-nios-facelift-launched-price-features-and-more/slidelist/97166586.cms">Hyundai Grand i10 Nios facelift launched – price, features, and more</a> <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/education/news/iit-kanpur-develops-drone-technology-course-for-iits-tech-institutes-skill-development-centres/articleshow/97161282.cms">IIT Kanpur develops drone technology course for IITs, tech institutes &amp; skill development centres</a>

You Searched For "Bajaj Auto electric vehicle unit" and got 7 results

Bajaj Auto to set up electric vehicle manufacturing unit in Pune with a ₹300 crore investment

PTI

Maruti reports highest ever sales in August, Tata Motors and Bajaj Auto decline

BI India Bureau

Bajaj Auto to boost Chetak's production to 10,000 units a month by June

PTI

Yulu receives USD 8 mn funding from Bajaj Auto

PTI

Over-regulated market jacking up 2-wheeler prices, says Bajaj

PTI

India’s top two-wheeler makers are on a collision course with the government over the deadline for electrification

BI India Bureau

KTM to sell electric version of Chetak in Europe from Q1 of 2024

PTI

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