![Bajaj Auto strikes 'Tiger Zinda Hai' note as first CNG bike hits the road](https://cdn.magzter.com/1547192204/1720207388/articles/cjNr7VwXu9AKzHLTpigsys/BAJAJ-AUTO-STRIKES-TIGER-ZINDA-HAI-NOTE-AS-FIRST-CNG-BIKE-HITS-THE-ROAD.jpg)
"I was taken aback," Bajaj recalled, "I thought the CNG autorickshaw offered a great value proposition."
The drivers, however, were frustrated. "At that time, there was only one CNG fuel pump in Delhi and they had to wait for 10-12 hours in queues to fuel their vehicles, which effectively,negated the savings they made," Bajaj recollected on Friday-the day when Bajaj Auto unveiled the world's first CNG motorcycle, the Freedom 125, with three variants, seven colours, and ex-showroom prices ranging from 95,000 to 1.1 lakh.
Now, the CNG landscape has dramatically changed. India now boasts 6,000 CNG fuel stations across 335 cities, and this number continues to grow.
Bajaj hailed the Freedom 125 as a "gamechanger", offering "freedom from petrol imports, harmful emissions, skyrocketing petrol prices, range anxiety, and the struggle to find charging stations." Avisibly emotional Bajaj, launching what could be the company's 100th product in his 34year career, said: "I miss my father deeply today." Perfecting the technology took Bajaj Auto two and a half years. The Freedom 125 allows commuters to switch seamlessly between CNG and petrol at the click of a button, even while riding.
This bike, the company said, promises 50 per cent cost savings by reducing fuel expenses compared to petrol motorcycles. The CNG tank provides a range of over 200 km on 2 kg of CNG, while the 2-litre petrol tank offers an additional 130 km, culminating in a total range of 330 km for a full tank, said the two-wheeler major.
Diese Geschichte stammt aus der July 06, 2024-Ausgabe von Business Standard.
Starten Sie Ihre 7-tägige kostenlose Testversion von Magzter GOLD, um auf Tausende kuratierte Premium-Storys sowie über 8.000 Zeitschriften und Zeitungen zuzugreifen.
Bereits Abonnent ? Anmelden
Diese Geschichte stammt aus der July 06, 2024-Ausgabe von Business Standard.
Starten Sie Ihre 7-tägige kostenlose Testversion von Magzter GOLD, um auf Tausende kuratierte Premium-Storys sowie über 8.000 Zeitschriften und Zeitungen zuzugreifen.
Bereits Abonnent? Anmelden
![FEF and Dharmatic Entertainment Collaboration Unveiled at the 3rd FEF Annual Gala](https://reseuro.magzter.com/100x125/articles/18959/1826697/cQsG7yGvY1725915816940/FEF-AND-DHARMATIC-ENTERTAINMENT-COLLABORATION-UNVEILED-AT-THE-3RD-FEF-ANNUAL-GALA.jpg)
FEF and Dharmatic Entertainment Collaboration Unveiled at the 3rd FEF Annual Gala
The Fashion Entrepreneur Fund (FEF) and Dharmatic Entertainment Pvt.Ltd., the digital content arm of Dharma Productions, announced an exciting new alliance during the 3rd FEF Annual Gala on September 05.
![Guindy Race Course jockeys for survival](https://reseuro.magzter.com/100x125/articles/18959/1826697/Ji7f34o13GMsm3uccbGsys/GUINDY-RACE-COURSE-JOCKEYS-FOR-SURVIVAL.jpg)
Guindy Race Course jockeys for survival
The hearts of horse racing enthusiasts across India have been racing since Monday morning after Tamil Nadu's revenue department sealed the Madras Race Club in Guindy, the country's oldest horse racing venue.
![Raj Kapoor's restored Awara to musings from Manipur](https://reseuro.magzter.com/100x125/articles/18959/1826697/FWLYmvVENxY0oJWPCswsys/RAJ-KAPOORS-RESTORED-AWARA-TO-MUSINGS-FROM-MANIPUR.jpg)
Raj Kapoor's restored Awara to musings from Manipur
World premiere to include Indian film Superboys of Malegaon on the life of auteur Nasir Shaikh
Smart choice: Consider interest rate, collateral, and co-signer
The number of Indian students pursuing higher education abroad doubled between 201920 and 2023-24, according to a recent report by CRISIL Ratings.
![Brokerages bullish on Bajaj Housing Finance](https://reseuro.magzter.com/100x125/articles/18959/1826697/Tiz5Q04UXbKqXDmAnxdsys/BROKERAGES-BULLISH-ON-BAJAJ-HOUSING-FINANCE.jpg)
Brokerages bullish on Bajaj Housing Finance
BHFL's ₹6,560 cr IPO opened for subscription on Monday
![Market buoyancy spurs IPO rush](https://reseuro.magzter.com/100x125/articles/18959/1826697/lpBGQVm4P1725915247492/MARKET-BUOYANCY-SPURS-IPO-RUSH.jpg)
Market buoyancy spurs IPO rush
Since July over three dozen companies from diverse sectors have filed their DRHPs
Ather Energy looks to raise ₹3,100 cr
Electric two-wheeler (e2W) maker Ather Energy has submitted preliminary papers to the Securities and Exchange Board of India to raise funds through an initial public offering (IPO).
Linde India seeks SAT relief on valuation diktat
Industrial gases and engineering firm Linde India has sought relief from the Securities Appellate Tribunal regarding the valuation diktat stated in an order passed by the Securities and Exchange Board of India (Sebi).
![FVCIs now get FPIs' governance playbook](https://reseuro.magzter.com/100x125/articles/18959/1826697/OAsCWO52smbordCNtrhsys/FVCIS-NOW-GET-FPIS-GOVERNANCE-PLAYBOOK.jpg)
FVCIs now get FPIs' governance playbook
Sebi mandates disclosure of beneficial ownership, allocates registration and monitoring responsibilities to DDPS
Growth recovery, higher margins to drive gains for IT companies
In previews of Q2FY25 and beyond, industry analysts are expecting a turnaround for IT services.