The move is part of Bajaj’s strategy to embrace diverse charging solutions in the market and prepare for new dominant solutions that may emerge, a senior company executive said.
The company also plans to double production capacity for the scooter to 20,000 units a month by the end of this financial year, Rakesh Sharma, executive director, Bajaj Auto said in an interview. The company is, however, awaiting clarity on whether the government will extend Fame-II incentives beyond March 2024 before it decides to ramp up production.
Bajaj Auto is also looking to expand its line-up of electric two-wheelers under the Chetak umbrella brand by launching variants across price points in the fiscal second half. It had earlier cut prices of the electric Chetak, citing positive developments on cost structures and a stabilizing supply chain.
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