Bajaj Auto to up 3-wheeler, quadricycle capability to 1 million a yr, Auto Information, DFL
MUMBAI: Bajaj Auto Thursday mentioned it plans to develop its 3-wheeler and quadricycle capability to at least one million per yr following the federal government’s resolution to exempt EVs and cars run on different gas from allow necessities.The Pune-based auto main is the market chief with 86 per cent market share within the alternate gas 3-wheelers.
“Bajaj will shortly improve its manufacturing capacities of 3-wheelers and quadricycles to at least one million per yr,” Bajaj Auto mentioned in a press release.
Based on them, the demand for 3-wheelers within the nation has seen a surge previously 12 months owing primarily to permits launched in Maharashtra, Karnataka, AP and Delhi, Bajaj Auto Ltd (BAL).
Earlier within the day, addressing the SIAM (Society of Indian Car Producers) conference in New Delhi, union transport minister Nitin Gadkari introduced that electrical automobiles (EVs) and all automobiles together with auto rickshaws, buses, taxis run on different gas will now not require permits.The choice will additional give a fillip to Bajaj’s quadricycle Qute, which comes with CNG/LPG gas choices, as an increasing number of state governments approve it for taxi functions, the corporate mentioned.
Between September 2017 and August this yr, Bajaj Auto had bought 4.35 lakh 3-wheelers, registering a development of 88 per cent over the year-ago interval, the discharge mentioned.