Bajaj Auto to set up Rs. 300-cr EV plant in Pune
Bajaj Auto Ltd said it will set up an electric vehicle manufacturing facility at Akurdi in Pune with an investment of Rs. 300 crore.
The facility, for which the work has already commenced, will have the capacity to produce 5,00,000 Electric Vehicles (EVS) per annum and cater to both domestic and exports markets, the company said in a release.
The first vehicle from the new unit, spread over half-amillion square feet space, is expected to be rolled out by June 2022. The unit will employ around 800 personnel. Akurdi is the site of the original Chetak scooter factory.
“In 2001, Bajaj 2.0 took off on the roaring Pulsar, in 2021, Bajaj 3.0 arrived on the charming Chetak. Going forward, for the Bajaj portfolio, except for implementing one state-of-the-art ICE (Internal Combustion Engine) platform that is currently under development, all our R&D drive train resources are now laser focused on creating EV solutions for the future.
“This alignment reflects our belief that light electric vehicles for sustainable urban mobility is an idea whose time may finally have come,” Rajiv Bajaj, Managing Director of Bajaj Auto, said.
