Bajaj Auto is currently working on a two-wheeler CNG and hopes to launch it in 2025, said the company's chief executive officer (CEO) Rajiv Bajaj.
In an interview with CNBC-TV18 on November 22, Bajaj said that presently there are no CNG two-wheelers available anywhere in the world.
Speaking more about the two-wheeler industry, he said this space suffers from over-regulations and taxation. "Almost 60 percent of the three-wheeler industry has moved to CNG," he added.
Also Read | Bajaj MD, Rajiv Bajaj hints at CNG powered motorcycle
Bajaj further noted that auto sales have not crawled back to the pre-pandemic levels yet, with the two-wheeler space taking a hit in recent times.
The CEO also said that the company intends to sell 10,000 units per month and anticipates doubling production and sales of Triumph in the third quarter of the current fiscal at 18,000 units.
In an earlier interview, Bajaj had said, "With Triumph we are offering affordable aspiration to customers. We are offering premium product, offering great value."
"It has cost about Rs 200 crore to put up the new manufacturing plant for Triumph production at Chakan in Pune," he had said.
The auto maker will roll out new products from next month, Bajaj further added.
Bajaj Auto and British motorcycle brand Triumph jointly unveiled the Triumph Speed 400 and Scrambler 400 X motorcycles in India on July 5, as part of a 2017 deal between the companies.
Also Read | Bajaj Auto gets 17,000 bookings for Triumph Speed 400 and Scrambler 400X
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