Pune-based two-and three-wheelers manufacturer Bajaj Auto Ltd is strategizing to set up a devoted production plant for Chetak, its electric scooter.
Rajiv Bajaj, managing director, Bajaj Auto believed that the company is planning to ramp up production capacity for Chetak and as a result is considering setting up a dedicated manufacturing unit with an annual capacity of half a million units for the same.
The electric scooter is presently produced at the company’s Chakan plant, a unit that characteristically operates at near-100 percent capacity utilization around the year. It also rolls out premium KTM and Husqvarna bikes for the domestic as well as export markets from the site.
Delhi, Bangalore, and Hyderabad are among the key locations that are being assessed by the company to set up the supposed manufacturing unit, Bajaj said, adding that he finds the freshly released electric vehicle (EV) policies by Delhi, Telangana, and Karnataka promising.
Released earlier in August, the Delhi EV Policy 2020 targets to drive the adoption of battery electric vehicles or EVs so that they contribute to 25 percent of new vehicle registrations by 2024 in the national capital.
Bajaj Auto is already known to be working on a pipeline of new electric vehicles intended at expanding its EV portfolio. It presently has only one model on sale - Chetak. New EVs planned are directed at expanding the Chetak portfolio along with new models positioned under its premium KTM and Husqvarna brands.
Image Courtesy: Bajaj Auto