Bajaj Auto Ltd. is stepping up its game in India’s growing electric vehicle (EV) market with the launch of the new Bajaj Chetak 2024. Known for its blend of classic design and modern innovation, the updated Bajaj Chetak is expected to solidify the company’s presence in the electric two-wheeler segment.
Bajaj Auto Ltd. has introduced the Chetak 35 Series with three variants: 3501, 3502, and 3503. The base model, 3502, starts at ₹1.20 lakh, while the mid-spec 3501 variant is priced at ₹1.27 lakh. The top-spec variant, 3503, promises even more advanced features, although the pricing for this model remains undisclosed.
The new Chetak range comes with an updated 3.5kWh battery, which allows for better performance and longer range. The new model is expected to deliver a 153 km range on a single charge, along with a top speed of 73 km/h. With these upgrades, Bajaj Auto Ltd. is positioning the Chetak as a top contender in the Indian electric scooter market.
Moreover, the Chetak now comes with an onboard 950W charger that allows users to charge the scooter from 0% to 80% in just 3 hours, making it more convenient for daily usage. The scooter is also equipped with a touchscreen TFT display, which includes integrated navigation, music controls, call handling, geo-fencing, theft alerts, accident detection, and overspeed warnings, further enhancing the rider’s experience.
Bajaj Auto Ltd. is focusing on expanding its footprint across India, with Chetak dealerships now present in 507 towns. This move is supported by over 4,000 sales touchpoints and 3,800 service workshops, ensuring better accessibility for customers nationwide. Additionally, Bajaj Auto has partnered with leading e-commerce platforms such as Amazon and Flipkart to make the Chetak available for purchase online.
The launch of the Bajaj Chetak 2024 comes at a crucial time for Bajaj Auto Ltd., and investors are keenly watching its stock performance. As of 14:04 on December 20, 2024, Bajaj Auto’s share price stands at ₹8,877.40, with a decline of 1.17% in the market.
While the latest drop may cause concern, the introduction of the new Bajaj Chetak and the company’s focus on EVs could have a positive long-term impact on its stock.
With the launch of the new Bajaj Chetak 2024, Bajaj Auto Ltd. is clearly targeting the growing demand for electric mobility in India. By blending performance with style and integrating cutting-edge technology, Bajaj is positioning itself as a major player in the electric vehicle market. As India continues to embrace sustainable transportation solutions, Bajaj Auto’s focus on innovation and customer satisfaction will be key to its success.
Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.
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