With the rising demand for Bajaj Auto’s e-scooter, Chetak, the producer is now planning to scale up the manufacturing for the mannequin throughout the nation for FY22.
“We are committed to the development of Electric Vehicles (EVs). Chetak is the first example. The setting up of Chetak Technology Ltd as a fully owned subsidiary of Bajaj Auto will aid in the research, development, production and sale of EVs,” the corporate said.
The iconic Chetak which was introduced again to life in October in an electrical model will now be produced at many various places apart from Pune and Bengaluru. “Seeing the enthusiastic demand for this iconic model, the company has increased the touchpoints to 20 locations in FY 2022. This is expected to grow to 75 in FY 2023,” the corporate mentioned in its Annual Report for FY2021-22.
The firm mentioned that bookings for the mannequin had been first rolled out in early 2020 and it needed to be stopped on account of COVID. “When we restarted online bookings on April 13, 2021, we had to stop 48 hours later, owing to overwhelming demand.”
The complete auto business can’t survive with out semiconductor chips. Commenting on the current chip scarcity subject, Bajaj Auto Chairman Niraj Bajaj mentioned the problem is predicted to affect the corporate’s manufacturing quantity. “However, in all my years, never seen the company face such a global supply constraint that it has in terms of the sheer scarcity of semiconductors,” he mentioned.
“It is difficult to predict when this supply scarcity will end. But till then, this will constrain your company’s production volumes, as it will for all other automobile manufacturers,” Bajaj said.
Like different auto majors, Bajaj is not any new to the challenges and R&D is actively working to determine alternate options to satisfy the required wants.
“Between FY 2019 and FY 2022, domestic motorcycle sales for the industry as a whole have fallen by almost 34 per cent in terms of volume. In this environment, Bajaj Auto has been able to arrest its decline in sales and raise market share from 18 per cent in FY 2021 to 18.2 per cent in FY 2022,” the Pune-based firm mentioned which recorded 8,187 unit gross sales of the e-scooter section in FY21.
With inputs from PTI.
Source: www.financialexpress.com”