Bajaj India EV Strategy | Bajaj’s Plans for E-Mobility – EV Next
Bajaj’s Plans for E-Mobility – EV Next
This pos
t is a part of EV Next’s EV Perspectives.
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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.
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Categories: E-mobility, Electric Vehicles, EV OEMs Strategy, Indian E-mobility Strategy
Author - Narasimhan SanthanamAbout EAI and BioBiz for Bio-CNG
BioBiz for bio-CNG, EAI's specialized consulting division for bio-CNG, provides assistance in market research, strategy consulting, technology vendor/supplier finder assistance and more for the complete bio-CNG value chain – feedstock sourcing, logistics, pre-processing techniques, anaerobic digestion, biogas scrubbing, biogas upgradation, end user markets for bio-CNG and digestate, and more. Send a note to consult@eai.in if you wish to take BioBiz’s assistance for the Indian bio-CNG market.
About EAI & EV Next
EV Next, EAI's specialized consulting division, provides assistance in market research, strategy consulting, technology vendor/supplier finder assistance and more for the complete EV value chain - Li-ion & Lead Acid Battery Cells & Battery Packs, BMS, Battery Manufacturing equipment, EV charging station, battery swapping station, Li-ion & Lead Acid battery recycling, and for a range of electric vehicles - e-bikes, electric bicycles, electric scooters, electric motorbikes, electric autos, e-autos, e-rickshaws, electric trucks, electric LCVs, electric buses and more. Send a note to consult@eai.in if you wish to take EV Next assistance for the Indian electric vehicle market.
