Bajaj Auto to Launch Three-Wheeled Electric Autos in India in Q1 2023
Feb. 6, 2022Bajaj Announces Electric Autos
“The three-wheeler development is now nearing its final phase and we expect putting it up for approvals by end of this fiscal. We will launch them in the next quarter,” Rakesh Sharma, the Executive Director at Bajaj Auto said while speaking to industry analysts.
For those who don’t know, an electric Bajaj auto was expected to roll out two years ago. However, the pandemic delayed its plans to launch its EV autos in the market. It seems like Bajaj Auto is now ready. It will initially launch the passenger-focused models, commonly known as autorickshaws in India. Going forward, the company will expand its line byintroducing other typesof EV autos.
“We are gearing up thedealer network to provide the support. These three-wheelers will come with telematics which will allow the fleet owners ability to manage the utilization,” said Sharma.
Baja is expected tointroduce its electric autos with fixed battery technology. It means that drivers will neither be able to take out the battery for charging nor they can swap it. The company is doing this to keep the acquisition cost of the product low as the cost of batteries remains high. However, we recently saw manyIIT institutions working on low-cost charging technologythat could reduce the cost of EVs by up to 50%. There are chances Bajaj Auto could leverage the new technology in the future when it scales up e-Auto production in India.
By now, you’d know that India is implementing various initiatives to promote and support electric vehicles. Last year, we heard that the government was consideringdecreasing the import duties on electric carsto help foreign manufacturers like Tesla enter the Indian market easily. Furthermore, the government recentlyintroduced the Battery Swapping Policyin this year’s Budget that aims to support and promote EV charging stations in the country. Hence, Indian companies like Bajaj trying to cash in on the growing popularity of EVs doesn’t sound like a bad idea. What are your thoughts on this? Let us know in the comments.
A geek at heart, you’ll find me fidgeting with an iOS device or sitting in front of the laptop, scouring the internet to find interesting technological innovations. In my free time, you’d find me playing Valorant or listening to Pink Floyd.
