The electric vehicle market in India has seen steady growth over the past few years, thanks to supportive government policies and an increasing awareness of the need to reduce carbon emissions. Bajaj Auto's move to enter this market is not surprising, given the potential that electric vehicles hold for the future.
Bajaj Auto's three-wheeled electric autos are expected to hit the market in the first quarter of 2023. These vehicles will join the company's existing portfolio of three-wheeled vehicles, which includes petrol-powered autos that are widely used as taxis and delivery vehicles in India.
The launch of electric three-wheelers is an important step for Bajaj Auto as it will help the company to increase its market share in the growing electric vehicle segment in India. It will also help the company to meet the growing demand for last-mile connectivity and provide a more sustainable transportation option for urban and rural areas.
Bajaj Auto's electric three-wheelers will come equipped with a lithium-ion battery that will provide a range of up to 120 kilometers on a single charge. This range is sufficient for most urban and semi-urban areas in India, making these vehicles an ideal choice for transportation and logistics companies that operate in these areas.
Apart from three-wheeled electric autos, Bajaj Auto is also rumored to be working on an electric motorcycle/'>motorcycle that will be launched in the coming years. This move is in line with the company's strategy to expand its electric vehicle portfolio and cater to the growing demand for electric two-wheelers in India.
Overall, Bajaj Auto's move to launch electric three-wheelers is a positive development for the Indian electric vehicle market. It will help to create more sustainable transportation options, reduce carbon emissions, and increase the adoption of electric vehicles in the country. With the launch of its electric vehicles, Bajaj Auto is positioning itself as a key player in this segment, and its success will depend on how well it can meet the needs of its customers and provide a cost-effective and reliable transportation solution.