Press Release

10 June 2022

Chetak Technology Limited inaugurates new plant at Akurdi, first electric scooter rolls out

• The facility opened on the 84th birth anniversary of late Shri Rahul Bajaj
• The new plant, built where Chetak was born in the 1970s, will have an annual production capacity of 500,000 electric 2Ws

10th June 2022, Pune: Chetak Technology Ltd today inaugurated their newly built EV manufacturing plant at Pune’s Akurdi on the birth anniversary of late Shri Rahul Bajaj. This inauguration is a homecoming in many ways because Akurdi is where the iconic Chetak scooter was born in the 1970s, and went on to redefine mobility for generations in India. In October 2019, Chetak – developed after meticulous research and thousands of kilometres of on-road testing – marked its return in an all-new electric avatar. Since then, the new Chetak has rapidly expanded its sales and service network to nearly 30 cities in India. With over 14,000 Chetaks sold and more than 16,000 bookings in the pipeline, the brand continues to be the favourite among customers seeking electric vehicles as a new option for personal mobility. Keeping in mind the increasing demand for EVs in India, this plant’s capacity can be swiftly expanded to manufacture 500,000 electric two-wheelers per annum.

Speaking on the occasion, Mr Rajiv Bajaj, Chairman – Chetak Technology Ltd., said, “Chetak is the original ‘Make in India’ superstar, which won hearts worldwide. True to those designed-and-built-in-India roots, the electric avatar of Chetak is born out of our strong R&D, deep understanding of products & consumers, and decades of manufacturing expertise. Today on the 84th birthday of Bajaj Auto’s late Chairman Emeritus Shri Rahul Bajaj, we have delivered on our commitment to commission this centre of excellence for Chetak by June 2022. This focused, integrated and agile facility is intended to power the Chetak’s ride back to the future.”

Chetak Technology Ltd and its vendor partners will be investing nearly Rs 750 crores in this new EV manufacturing plant. The plant is spread over half a million square feet and is expected to generate employment for 11,000 people. Co-located with a state-of-the-art R&D centre, CTL’s Akurdi facility is all set to be transformed into a major hub for the design, development, and manufacturing of Electric Vehicles.

About Chetak Technology Ltd

Chetak Technology Ltd., a wholly-owned subsidiary of Bajaj Auto Ltd., envisions to provide sustainable and futuristic mobility solutions. Its first offering, the all-electric Chetak, aims to usher in a revolution in urban mobility. Centred in Akurdi, Pune, Chetak Technology Ltd will lead the charge towards a cleaner and greener tomorrow. And make Hamara Kal better.

About Bajaj Auto Ltd

With over 18 million motorcycles sold in over 70 countries, the Bajaj brand is truly “The World’s Favourite Indian”. It is India’s No.1 motorcycle exporter, with two out of three bikes sold internationally carrying a Bajaj badge. The company is also the world’s largest manufacturer of three-wheelers. Bajaj Auto is the first two-wheeler and three-wheeler company in the world to have reached a market capitalisation of INR one trillion and continues to be the world’s most valuable two and three-wheeler company.

Media Contact:

Varun Vishwanath

9930104931

Rajvi Bhansali

9869249701