Bajaj Auto, the Pune-based motorcycle specialist, has introduced the new 35 Series of the popular Chetak electric scooter with three variants. With a starting price of Rs 1.27 lakh, the feature-loaded 3501 variant aims to compete with its counterparts like TVS iQube, Ola S1, and Ather Rizta in the Indian market. With the customer-friendly delivery schedule, Bajaj Auto is confident to retain its leadership position in the electric two-wheeler segment. This strategic move by the company not only caters to the needs of young riders but also showcases its commitment to providing cutting-edge technology with neo-classic style.
Ola Electric has made history by achieving the impressive feat of selling 4 lakh units in a calendar year, beating its competitors and establishing itself as the leader in the electric 2-wheeler segment in India. With a market share of 36%, the company has successfully crossed the 7.5 lakh unit mark, leaving other prominent players such as TVS, Bajaj Auto, and Ather Energy behind. This accomplishment cements Ola Electric's position as a major player in the Indian business landscape.
India's exports in the motorcycle and pharmaceutical industries have received a major boost in recent months. Despite facing below-expectation sales during the festive season, the motorcycle industry has seen a 5% increase in sales in November, with Bajaj Auto leading the way with a total of 4,21,640 units sold. On the other hand, India's pharma exports have surged, with the US and Europe being the key destinations. This growth has also led to the need for increased capacity at airports to accommodate the rising mobile exports from India.
Recent quarter earnings reports are causing major fluctuations in the stock market, with some companies experiencing sharp increases and others facing significant drops. TCS, the IT giant, saw its shares plummet by 2% after a disappointing Q2 earnings announcement, while Bajaj Auto announced a hike in deferred tax provision leading to their stock taking a hit. In contrast, HCL Tech and Infosys, leading IT companies, saw their stocks soar after strong earnings. Other companies, such as Bajaj Finserv, Asian Paints, and Bajaj Housing Finance, also experienced dips after reporting their earnings. Even the auto sector was not immune, with Maruti and Bandhan Bank experiencing both surges and drops respectively in their stock prices following their earnings announcements.
Bajaj has introduced the Bajaj Freedom 125 CNG bike, which boasts of not only its impressive mileage but also its strong safety features. The CNG tank is specially designed and certified to meet government safety standards and has undergone rigorous testing, including frontal, side, and rear impact tests. Despite being hit by a 1.5-ton load and run over by a 10-ton truck, the CNG tank remains intact with no leaks, dispelling any doubts about the safety of CNG bikes. Bookings are now open for select states, with a pan-India rollout planned in the coming years.
Bajaj Auto, one of the leading two-wheeler manufacturers, has launched the world's first CNG motorcycle, the Freedom 125. With an ex-showroom price starting at Rs 95,000, the bike offers the ability to toggle between petrol and Compressed Natural Gas powertrains. According to the company, the bike has a range of 330 km and can run 200 km on one full tank of CNG. The launch was attended by Rajiv Bajaj, MD of Bajaj Auto, and Nitin Gadkari, Union Minister for Road Transport & Highways. This launch is expected to provide riders with a 50% reduction in operational costs.
In a significant development in the automotive industry, Bajaj Auto has unveiled the world's first motorcycle that runs on both CNG and petrol. The innovative two-wheeler, named 'Freedom 125', was launched by Managing Director Rajiv Bajaj, in the presence of Union Minister Nitin Gadkari in Pune. With a promise of cost-effective and eco-friendly transportation, this bike is set to revolutionize the market and pave the way for a greener future.
Bajaj Auto has taken a major step towards sustainable transportation by launching the world's first CNG motorcycle - Bajaj Freedom. The event was graced by Union Minister Nitin Gadkari, who lauded the company's efforts in promoting eco-friendly mobility. The motorcycle, with its innovative design and features, promises significant fuel cost savings for users and boasts a range of over 200 km on just 2 kg of CNG fuel.
Indian automobile giant, Bajaj Auto, has introduced the first-of-its-kind CNG-powered motorbike, Freedom 125, globally. With the flexibility to switch between petrol and CNG at the push of a button, this bike offers a potential solution for reducing fuel costs and emissions for Indian two-wheeler owners. The bike has undergone extensive safety tests, including a 'truck rollover test' and has been endorsed by Union Minister Nitin Gadkari for its contribution towards reducing India's crude oil import bill and promoting alternative fuels.
Bajaj Auto, India's top two-wheeler manufacturer, is all set to launch its highly-anticipated dual-fuel motorcycle, named the Freedom 125. The bike, which runs on both CNG and petrol, is expected to cut running costs by half, making it a cost-effective option in the 100cc-125cc segment. The automaker plans to offer two variants - a regular model and a premium model, with the latter featuring additional features and color options. With an aim to target customers with a monthly income of Rs 30,000-35,000, Bajaj Auto is likely to price the bike competitively while equipping it with a range of features.