In a recent media interaction, Rajiv Bajaj, managing director of Bajaj Auto spilled the beans about the company’s plan to foray into a number of different segments in the near future. The company is receiving an unprecedented response for the recently launched Triumph Speed 400 with the bike garnering 10,000 bookings within a couple of days. KTM 390 Duke is also performing quite well and buoyed by the response, Bajaj is now planning to launch multiple offerings across product platforms in the Indian market this financial year. We could see a new Dominar 400, Avenger 400 and Husqvarna 400 launched by end of 2024. Revised KTM ADV 390 will also come which will based on the upgraded GEN 3 platform that will offer even more of ADV credetionals.
Rajiv Bajaj said that the company might introduce a 100cc CNG bike in the Indian market and urged the finance minister to bring down the GST on CNG vehicles to 18% from the current rate of 28%. However, the more exciting news is that Bajaj gearing up to launch its most powerful Pulsar models in India in FY 24. There will be a total of six upgrades or new launches that will help the company bolster its market share in the 125-200cc segment from the existing 30% to a higher percentage. In addition to a new range of powerful Pulsars, Bajaj is also exploring the opportunity to launch a premium range of bikes costing at around Rs 1.7 lakh.
Rajiv Bajaj also confirmed that the company will ramp up the production of its Chetak electric scooter to 15k-20k units by the end of FY24. The company will also expand the Chetak range which means new products from the Chetak brand will make a debut in the market going forward. While no official disclosure has come on the capacity of the new Pulsar range, it is very much probable that Bajaj might use the 400 cc engine for launching the most powerful version of Pulsar in the Indian market. Will it be the RS 400, NS 400, F400 Or N400?
