Key Highlights:
- Bajaj Auto to launch a new Chetak EV platform and premium electric scooters in FY25.
- New CNG motorcycle to be introduced following the Freedom 125.
- Ethanol-powered motorbikes and three-wheelers to debut next month.
- Bajaj CEO pushes for GST reduction on CNG bikes from 28% to 5%.
Bajaj Auto is gearing up to launch a range of clean energy vehicles, including a new Chetak EV platform. This initiative aligns with the company’s goal to achieve 100,000 monthly sales of clean energy vehicles by the festive season.
New CNG Motorcycles and Ethanol-Powered Vehicles
Following the launch of the Freedom 125, the world’s first CNG-powered motorcycle, Bajaj Auto plans to introduce another CNG motorcycle soon. The company is also set to showcase ethanol-powered motorbikes and three-wheelers next month, with official launches scheduled for FY25.
Chetak EV Platform and Premium Electric Scooters
In FY25, Bajaj Auto will launch a new Chetak EV platform, available early next year. Additionally, the company plans to release both economical and premium electric scooters. These launches signify a shift towards electric scooters, which the CEO believes hold more potential than electric motorcycles.
Also Read: MW Surpases Tesla in European EV Sales for First Time
Push for GST Reduction on CNG Bikes
Bajaj Auto’s CEO has strongly advocated for a reduction in GST on CNG bikes, which are currently taxed at 28%. He argues that, similar to electric vehicles, CNG bikes, which are powered by cleaner fuel, should be taxed at a lower rate of 5%. This tax reduction, he believes, would not only make CNG bikes more accessible to consumers but also further promote the adoption of cleaner energy solutions in the two-wheeler segment. The CEO emphasized that supporting cleaner fuels through favorable tax policies is crucial for India’s environmental and economic future.
ELCTRIK Speaks
Bajaj Auto’s upcoming launches, including the new Chetak EV platform and other clean energy vehicles, highlight the company’s commitment to innovation and sustainability. With these efforts, Bajaj aims to solidify its position in the evolving clean energy vehicle market in India.
