Talking about Bajaj Auto’s dedication to speculate Rs 650 crore in a brand new manufacturing plant for premium bikes in Chakan, Sharma instructed TOI, “The premium finish of the motorbike section in India and abroad will turn into a much bigger a part of the Bajaj portfolio, in addition to the EV model of Chetak. This portfolio is about for greater progress in our agency. We’re preparing to make sure that progress sooner or later.”
The brand new plant, to be prepared for manufacturing by 2023, may also be used to fabricate the brand new Chetak e-scooters. Sharma mentioned the response to the restricted roll out of the Chetak line of e-scooters had been “overwhelming”. “Sadly, it’s our unhealthy luck that this coincided with Covid. In consequence, we’ve not been capable of service the bookings in Pune and Bengaluru itself,” he mentioned.
On restoration, Sharma mentioned, “We’ve got reached final yr’s ranges, which weren’t so exemplary both. To achieve the earlier highs of 2018-19, it is going to take one other three years or so.”
