A new Chetak platform, along with other ethanol-powered motorbikes and three wheelers are expected from Bajaj Auto in FY25.
Bajaj Auto, an Original Equipment Manufacturer (OEM), is gearing up to introduce an innovative lineup of clean energy vehicles, as reported by CNBC-TV 18. The CEO, Mr Rajiv Bajaj, has announced that following the successful launch of the Freedom 125, the world’s first CNG-powered motorcycle, the company is preparing to unveil another CNG motorcycle soon.
This initiative is part of Bajaj’s strategic plan to reveal these new products next month, with the aim to officially launch them in the fiscal year 2025. The company is set to diversify its offerings by producing both economical and premium electric two-wheelers. Additionally, Bajaj plans to expand its electric vehicle (EV) portfolio by introducing a new Chetak platform the following year.
In a recent interview, when Mr Bajaj was asked about the forthcoming vehicle launches, he explained that the competitive advantage motorcycles once held over scooters in the internal combustion engine (ICE) segment is now equalized with the advent of electric vehicles. He further emphasized that the EV market possesses significantly greater potential compared to traditional motorcycles.
These efforts align with Bajaj Auto’s broader objective to surpass the monthly sales target of 100,000 clean energy vehicles by the upcoming festive season, marking a significant milestone in the company’s sustainability journey.
The recently launched Freedom 125 is equipped with a 2-liter petrol tank, a 2 kg CNG cylinder, and boasts an impressive range of 300 kilometers. Bajaj Auto has already dispatched 2,000 units of this groundbreaking model.
Moreover, Bajaj Auto is actively advocating for reduced Goods and Services Tax (GST) rates on CNG motorcycles. Mr Bajaj highlighted the disparity in taxation, pointing out that if electric vehicles benefit from a 5% GST, CNG vehicles, which also utilize a cleaner fuel source, should not be taxed at the higher rate of 28%. This adjustment would not only make CNG vehicles more accessible but also support the transition to cleaner energy alternatives.
