Bajaj Auto to double EV capacity, launch electric Chetak scooter in September
Bajaj Auto plans to double EV production from 50,000 units/month amid rapid segment growth, with EV now contributing 30% of India revenue and a 22% market share. A new electric Chetak scooter arrives in September as the company weighs fresh factories in Tamil Nadu.
What happened
Bajaj Auto plans to double EV production capacity from 50,000 units/month, citing fast segment growth. It will launch an electric Chetak scooter in September,
Key facts
- 22% EV market share
- 50,000 units/month
- 30% India revenue from EV
- 28% sales growth June
- 47% export surge
- stock ₹9,857
Why this matters
The potential fresh factories in Tamil Nadu open the door to site-selection partnerships, incentive negotiations, and possible supplier or JV opportunities tied to the EV capacity buildout.
What to watch
- Monthly EV registration data vs 100k unit target
- Competitor price cuts from Ola/Ather/TVS
- India EV subsidy/FAME policy announcements
- September Chetak launch pricing and pre-order volumes
- Battery cell import costs and localization progress
- Quarterly EV segment margin disclosure
- Confirm Tamil Nadu factory site and capex commitment
- Lock multi-year cell/battery supply contracts to de-risk ramp
- Stagger Chetak variant launches across price bands to defend share
- Expand dealer EV-service network and charging tie-ups ahead of volume
- Signal export plans to absorb surplus capacity if domestic demand softens