Bajaj aims for aggressive e-2W growth
Mint Mumbai|January 26, 2023
Pune-based two-wheeler maker Bajaj Auto is set to expand its e-scooter brand Chetak with a number of new launches across price segments and user groups, as supply chains streamline and its research and development efforts on lowering the cost of its products bear fruit, a senior executive said on Wednesday after the company reported its December quarter results.
Alisha Sachdev
Bajaj aims for aggressive e-2W growth

The company's net profit for the third quarter has exceeded expectations, primarily on the back of robust domestic sales, and higher margins on motorcycle and scooters, to offset the effects of declining exports.

The company's standalone net profit for the quarter stood at ₹1,491 crore, up 22.8% from a year ago at ₹1,214 crore. Bajaj Auto's operating revenue rose 3% to ₹9,315 crore during the quarter, compared to ₹9,022 crore in the year-ago quarter.

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