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Bajaj, an Indian manufacturer of two-wheelers, is looking for opportunities with KTM, the Austrian motorcycle manufacturer to build a platform for manufacturing high-end electric motorcycles.
Rakesh Sharma (Executive Director of Bajaj) answered a question during the Q1 media briefing. He stated that they are in discussions with KTM and that both companies are seeking a platform. Bajaj will announce it when plans are complete, he said.
Bajaj currently offers the Chetak electric scooter to India. They are taking a balanced approach in expanding the scooter’s reach across India. Bajaj sold approximately 300 units of the Chetak scooter in March last year. In Q1 this fiscal year, Bajaj sold 6,200 units. The supply chain will determine if volumes will increase or decrease in the future.
Bajaj Chetak’s electric scooter is available in 27 cities, and Sharma plans to increase its availability to 100 more cities. Bajaj has received 16,000 reservations for its electric scooter to date.
KTM, an Austrian off-road motorcycle expert, offers electric motorcycles to the global market. These are off-road competition and enduro motorcycles that will not be suitable for Indian consumers.