Bajaj’s Plans for E-Mobility – EV Next
This pos
t is a part of EV Next’s EV Perspectives.
Our specialty focus areas include
EV Next, a division of EAI, is a leading market intelligence & strategic consulting firm for the Indian e-mobility sector.
Get to know about 1000+ EV innovations from EVI2: EV Innovation Intelligence from EVNext
Introduction
Bajaj Auto manufactures and sells motorcycles, scooters and auto rickshaws. The company has also recently entered four wheelers (cars) segment. The company has manufacturing plants in Chakan (Pune), Waluj (near Aurangabad) and Pantnagar in Uttarakhand.
Company Profile
The Bajaj Group is amongst the top 10 business houses in India. Its footprint stretches over a wide range of industries, spanning automobiles (two wheelers and three wheelers manufacturer), home appliances, lighting, iron and steel, insurance, travel and finance. The group’s flagship company, Bajaj Auto, is ranked as the world’s fourth largest three and two wheeler manufacturer and the Bajaj brand is well-known across several countries in Latin America, Africa, Middle East, South and SouthEast Asia.
Product Profile
The company launched their first electric scooter – Chetak electric, after their humongously successful moped chetak. It was launched on 12 January, 2020 and offers sales through only select outlets of KTM motors in Bangalore and Pune
Future Plans
- Bajaj Auto displayed its electric auto at the Move summit in 2018 but was not made commercial.
- In January 2020, the company was spotted road-testing its auto.
Partnerships
- In November 2019, Pune-based automobile company Bajaj Auto invested $8 Mn in electric vehicle startup Yulu. At the time, the company had announced that Yulu will source electric two-wheelers from Bajaj, which have been co-designed and manufactured for shared micro-mobility. Bajaj Auto will use its local expertise to offer a more affordable alternative to Yulu against Chinese electric two-wheelers.
Global Work
The company has a global presence with exports to 70 countries and a 49% share in KTM.
Read EV Next posts on the India electric vehicle strategy for these companies: ABB | ACME | Altigreen Propulsion | Amara Raja | Ashok Leyland | Ather Energy | Audi | BASF | Bharat Forge | Black & Veatch | BMW | Bosch | Continental AG | Denso | Exide | Exicom | Ford | Fortum | General Motors | Great Wall Motors| Greaves | Hella | Hero Electric | Honda | Hyundai | JBM | Kia | Kinetic Green | LG | Mahindra Electric | MG Motors | Nissan | Ola | Olectra | Panasonic | Piaggio | Porsche | Renault | Samsung SDI | Schneider Electric | Sun Mobility | Tata Autocomp | Tata Motors | Tata Power | Toyota | TVS Motors | Uber | UL | Volvo |
Know more on how EV Next can assist your business in your strategy for the e-mobility and electric vehicles sectors, Here
Wish to know everything about India’s EV market from one place? Check out the India EV Expert Guide, an 800 page comprehensive guide to the Indian EV market. Here
Get to know about 1000+ EV innovations from EVI2: EV Innovation Intelligence from EVNext
