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Bajaj’s big EV bet, first electric bike may come in FY28, Chetak production will also increase.

Updated On:
July 22, 2026 | 04:16 PM IST

Summary

Bajaj Auto EV: The country’s leading two-wheeler manufacturer Bajaj Auto is now going to take a big step in the electric mobility sector. The company has indicated that its first mass-market launch is going to be amazing.

Expansion

Bajaj Electric Bike FY28: The country’s leading two-wheeler manufacturer Bajaj Auto is now going to take a big step in the electric mobility sector. The company has indicated that its first mass-market electric motorcycle may be launched around financial year 2028 (FY28). After this announcement, it has become clear that Bajaj no longer wants to be limited to only electric scooters but is also preparing to establish a strong presence in the electric bike segment.

Preparation for launch in FY28

According to the company’s Chief Financial Officer (CFO) Dinesh Thapar, the development of electric motorcycles is progressing rapidly. If everything goes as per plan, it will be launched during FY28. In the initial phase, this model will be launched in foreign markets and will later be made available to Indian customers.

the main thing

Bajaj’s first mass-market electric bike may be launched around FY28. First the focus will be on the foreign market and then the Indian market.

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Not just bikes, entire EV portfolio will grow

Bajaj is planning to significantly expand its electric portfolio in the coming years. These include:

Electric Scooter Electric Motorcycle Electric Three-Wheeler E-Rickshaw

This decision of the company has come at a time when under Delhi’s proposed EV Policy 2.0, a plan is being made to ban the registration of new petrol and CNG two-wheelers from April 1, 2028. In such a situation, competition in the electric bike market is likely to intensify further.

Increase in production capacity by 20%

At the same time, in view of the increasing demand, Bajaj is going to increase its total manufacturing capacity by about 20 percent.

phase

capacity increase

first stage

about 10%

second phase

extra 10%

total increase

about 20%

All three categories – motorcycle, commercial vehicle and electric vehicle – will benefit from this.

Demand for Chetak increased, production up to 60,000 units

Bajaj is preparing to increase the monthly production of its popular electric scooter Chetak from 50,000 units to 60,000 units. At the same time, electric three-wheeler and commercial vehicle production capacity will also be increased by about 50 percent.

Quarterly results boosted confidence

report

Eye on 125cc-160cc segment also

The company has indicated that in the coming time, new models and updates will also be introduced in the 125cc to 160cc motorcycle segment. With this, Bajaj is working on a strategy to strengthen its hold in both the traditional petrol bike market and the electric segment.

Why is this announcement important?

The electric two-wheeler market is growing rapidly in India and the government is also promoting EV adoption. In such a situation, the launch of Bajaj’s first electric bike can prove to be a turning point not only for the company but for the entire Indian EV industry.

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