Bajaj's ramp up plan for Bajaj e-autos: One store addition every two days

Bajaj Auto reported a consolidated net profit of Rs 2,011.43 crore, up by 18 percent in Q4FY24.

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26 Aug, 2025 12:21

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Bajaj Auto plans to add one store for every electric auto every two days in quarter one, doubling their presence, says Dinesh Thapar, Chief Financial Officer of Bajaj Auto.

In the conference call after the company’s results, Thapar said the growth in three wheeler segment will be driven by e-autos and expansion of the CNG network.

Advancing their CNG network and scaling EVs in new markets will deliver growth in the three wheeler segment for the company, said Thapar.

He said the three wheeler segment’s market share increased to 78 percent in FY24, up 5 percent from the previous year. “While we will hold market share in the ICE segment, growth will be driven by e-autos, particularly in markets where ICE autos are restricted. This is almost 45 percent of the industry and it is currently served by e-ricks and presents a fresh new opportunity for growth,” Thapar added.

According to the Bajaj Auto CFO,  EV three-wheelers are available in 60 cities and have a market share of 30 percent. The company plans to scale up EV presence across the country.
The company recorded 3400 E-auto units in March taking their total sales in quarter 4 to 6500 units. Thapar said the E-Autos provide opportunities in markets where e-mobility and e-ricks is the primary option. “There are large parts of North, Central and East which are completely dominated by E-ricks. But even in those markets, when we have entered with the E-autos, we find that people with a middle of life or end of life E-ricks are attracted to the option of E-Auto.
So that's why I said it presents a new opportunity for us because we can't sell ICE three-wheelers in these markets. After all, there are no permits for ICE three-wheelers in half of the country. And therefore we are going to be pushing hard on E-autos”, Thapar added.