Bajaj, on 26 July, announced its quarterly revenue figures for the quarter ending in June 2022. The company revealed that net profits were up yearly, though lower than it recorded in Q4. In post-announcement media conferences, Bajaj Executive Director Rakesh Sharma revealed that the company was eyeing developing high-end electric motorcycles in partnership with KTM.
Sharma said, “We are also in discussion with KTM, and there is a joint work going on where we are looking at platforms for high-end electric motorcycles, answering a question.
Rakesh Sharma said that while the plan was undoubtedly being considered, an official announcement would only come at the right time.
Moving to Bajaj’s existing electric vehicle, the Chetak electric scooter, the company is looking to make it accessible across 100 cities in India from the current 27. Sharma has also said that he was hopeful that the sales of its electric scooters in the coming quarters would double the 6,200 units it sold in Q1 FY 2023, depending on the supply chain viability.
He also revealed that presently the company had over 16,000 bookings for the Chetak. The Chetak remains one of the few electric scooters offered by a leading stream two-wheeler manufacturer in what is becoming a market rapidly expanding on the back of different startups arriving on the scene.
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