Realistic high-definition image of an anonymous automobile company's thrilling leap into electric exports. Depict the new series' launch moment vividly. The scene should include a freshly designed electric vehicle ready for export, the company's modern facility in the background, a banner reading 'New series launches now' strung jubilantly, and employees celebrating this monumental occasion. Try to capture the exhilaration and anticipation in the air.

Bajaj Auto’s Exciting Move into Electric Exports! New Series Launches Now

December 20, 2024

Bajaj Auto, a leader in the two-wheeler industry, is setting the stage for an electrifying future. The company announced plans to export its advanced electric Chetak model beginning in FY26. On Friday, they unveiled the new Chetak 35 series, which starts at an attractive price of ₹1,20,000 (ex-showroom). This series features a robust 3.5kWh battery that offers a commendable range of 153 kilometers. Users can charge the battery from 0 to 80 percent in just three hours.

In a significant commitment to electric mobility, Bajaj Auto has invested ₹300 crore over the last three years to enhance its electric vehicle infrastructure and the Chetak model. The 35 series includes three variants: Chetak 3501, 3502, and 3503, all equipped with advanced technologies like remote immobilization, anti-theft systems, accident detection, and geo-fencing capabilities.

Recent market data highlights a shift in consumer preferences, with electric scooters experiencing a growth rate of 35 percent compared to a 19 percent growth for internal combustion engine scooters. The company produces approximately 40,000 units of the Chetak monthly, with a goal to boost production to 60,000 units. Additionally, plans to export electric three-wheelers are on the horizon for 2025.

Bajaj Auto is also making strides in the CNG segment, with its CNG bike now available in 350 cities, showcasing the company’s versatility in eco-friendly transportation.

Bajaj Auto’s Chetak 35 Series: Pioneering the Electric Revolution

Overview of Bajaj Auto’s Electric Future

Bajaj Auto, a leading player in the two-wheeler industry, is poised to transform the electric mobility landscape with its innovative electric Chetak model. Set to begin exports in FY26, the company is expanding its efforts to cater to the surging global demand for electric vehicles.

Key Features of the Chetak 35 Series

The newly launched Chetak 35 series encompasses three distinct models: Chetak 3501, 3502, and 3503. Each variant is engineered with cutting-edge technology aimed at enhancing user experience and safety. Some notable features include:

Charging Efficiency: The robust 3.5kWh battery allows users to charge from 0% to 80% in merely three hours.
Extended Range: An impressive range of 153 kilometers per charge ensures that users can confidently navigate urban environments.
Advanced Security: Equipped with remote immobilization, anti-theft systems, accident detection, and geo-fencing, ensuring peace of mind for riders.

Market Insights and Trends

Recent data indicates a rapid shift in consumer preferences towards electric scooters, with the segment experiencing a remarkable growth rate of 35%. In contrast, traditional internal combustion scooters observed a growth of only 19%. This trend underscores the increasing acceptance and popularity of electric mobility solutions among consumers.

Production Plans and Export Strategy

Currently producing around 40,000 units of the Chetak monthly, Bajaj Auto aims to ramp up this production to 60,000 units. Furthermore, the company plans to launch electric three-wheelers in 2025, tapping into another segment of the electric vehicle market.

CNG Segment Movement

In addition to electric vehicles, Bajaj Auto is diversifying its portfolio with the introduction of its CNG bike, now made available in 350 cities across India. This move highlights the company’s commitment to sustainable transportation options and showcases its innovative spirit in addressing various market needs.

Pros and Cons of the Chetak 35 Series

Pros:
– Eco-friendly electric mobility options with low running costs.
– Advanced safety and security features.
– Significant investment in charging infrastructure for scalable usage.

Cons:
– Limited to urban commuting range; potential hurdles for long-distance travel.
– Initial purchase price may be higher compared to conventional scooters.

Innovations in Electric Mobility

Bajaj Auto’s sustained investment of ₹300 crore into electric vehicle infrastructure over the past three years sets a solid foundation for future innovations. This commitment not only boosts the company’s product offerings but also supports the broader ecosystem for electric mobility in India.

Conclusion

As Bajaj Auto continues to pave the way for sustainable transportation solutions, the Chetak 35 series symbolizes a significant advancement in electric mobility. With increasing consumer demand and a clear strategy for production and exports, Bajaj Auto is well-positioned to take a leading role in the electric vehicle market.

For more insights into Bajaj Auto’s electric initiatives, visit Bajaj Auto.

All About Yulu-Bajaj Auto Launch Their Third Generation 2-Wheeler EV | Startup Street | CNBC-TV18

Ada Zynsky

Ada Zynsky is a renowned author and thought leader in the fields of emerging technologies and financial technology (fintech). She holds a Master’s degree in Information Systems from Stanford University, where her research focused on the intersection of blockchain technology and financial innovation. With over a decade of experience in the tech industry, Ada has honed her expertise at Zawadzki Innovations, where she played a pivotal role in developing cutting-edge fintech solutions. Her profound insights and analytical approach have made her a sought-after speaker at international conferences. Ada's work aims to bridge the gap between technology and finance, empowering readers to understand the transformative potential of these innovations. She is committed to educating both professionals and enthusiasts about the latest trends shaping the future of finance.

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