Last month, Bajaj announced an investment of 300 crore INR for its dew electric vehicle plan in Akurdi, Pune, India. The company has plans to manufacture over 5 lakh EVs per annum at full capacity.
It will indeed reduce the manufacturing costs, as the EVs will be built with local components, hence reducing the price.
Now, following up on this, a brand new report reveals that the upcoming Bajaj Chetak 2022 could soon launch at a very affordable price point in the market.
Bajaj is said to completely manufacture its upcoming electric vehicles in India. The report cites that the new Bajaj Chetak will be able to deliver a 4.2kW peak power and a continuous output of 4.0kW.
This is an upgrade over the existing Chetak’s peak power of 4.08kW and a continuous output of 3.8kW. Reportedly, this time around the company could launch the Chetak 2022 with localized components which may reduce its price.
The Bajaj Chetak is priced at Rs.1.48 lakhs, while other EV manufacturers in India are selling their EVs at a price point of 1 lakh.
In related news, a report cited that Indian vehicle sales have witnessed a year-on-year growth of 240%, a total of over 50,800 EVs were purchased in December 2021 alone. It is a stark increase when compared to the sales numbers recorded in November 2021 which stood at 42,055, a 21% increase.
With that being said, 2022 is definitely going to be a year to remember for Electric Vehicle manufacturers as the numbers are expected to go up.