Bajaj Auto will be launching the world’s first CNG motorcycle on 5th July, at an event in Pune where Union Minister of Road Transport and Highways Nitin Gadkari is expected to be present.
The bike - named ‘Bajaj Freedom 125’ - is likely to have flexible fuel options, featuring two separate switches for petrol as well as CNG.
A social media teaser has revealed a toggle switch to select between CNG and petrol, aside of a long, flat saddle and a small petrol tank.
Bajaj Auto's claim is that the bike will reduce fuel costs by 50%, CNBC-TV18 reported, quoting sources.
The Pune-based company will position its upcoming CNG bike towards the value-conscious customer. Rakesh Sharma, executive director of Bajaj Auto, had earlier told Moneycontrol that a rollout is expected in the April-June quarter of 2024-25, and the company will begin with the Maharashtra market in the first phase.
The Car & Bike website reports that the Bajaj Freedom 125 is expected to be priced starting close to Rs 1 lakh (ex-showroom). Bajaj Freedom will be a commuter-class CNG bike with the gas tank located under the seat, Car & Bike reported, aside of a small petrol tank. Freedom will come with all-LED lighting, five-spoke alloy wheels and a semi-digital instrument console, the website added.
Bajaj Auto has plans to export the CNG bike to countries like Bangladesh and Egypt.
This is being updated
Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
Find the best of Al News in one place, specially curated for you every weekend.
Stay on top of the latest tech trends and biggest startup news.
