News Launched from India Bajaj

Writer： admin Time：2019-09-18 03:19:51 Browse：197℃

Homegrown two and three-wheeler manufacturer Bajaj Auto is set to launch an e-rickshaw soon, priced competitively with existing e-rickshaws in the market. Rajiv Bajaj, Managing Director of Bajaj Auto, made this announcement as part of the company’s green initiative, which includes a range of electric vehicles under the Chetak brand.

Bajaj, in an interview with CNBC-TV18, said, “We are the world’s number one three-wheeler maker; we have 80% of this market. It’s almost as if it’s our responsibility to move that ahead.” He

added that the company has gained significant momentum in the e-auto and e-cargo segments, becoming a market leader in the three-wheeler space in markets where they have been present for over three months.

Bajaj also highlighted the potential of the e-rickshaw market, which is as large as the e-auto market with about 50,000-60,000 units sold per month. However, he noted that the current e-rickshaw market is dominated by cheap products made from imported kits that don’t meet safety norms.