India's top motorcycle exporter - Bajaj Auto - will come out with a new CNG bike by the next quarter, and has plans to gradually ramp up the offering here, Rajiv Bajaj, Managing Director of the company told CNBC-TV18 in an interaction. "We are actually preponing the CNG motorcycle launch to the next quarter," he added.
"We believe that a CNG motorcycle should appeal to consumers at each of these displacements points (100cc, 125cc and 150-160cc) and that gives us the opportunity to build a portfolio, as against just one motorcycle," Rajiv Bajaj said in response to a question on ambitions of having a CNG portfolio of two-wheelers. This will be a such initiative globally, Bajaj added, to package a CNG cylinder in a motorcycle.
"We are launching products almost every fortnight," Bajaj added.
Riding High on Chetak
Rajiv Bajaj also shared insights about the electric variant of the iconic Chetak brand of scooters, which he said is witnessing robust year-on-year monthly growth of 3-5 times in any given month. The company has plans to launch a new Chetak offering in the next quarter and Rajiv Bajaj expressed aspirations to double production to 20,000 Chetaks per month by the next quarter.
Plans for Triumph
On Triumph motorcycles, Rajiv Bajaj said the company is gearing up to deliver up to 10,000 Triumph motorcycles a month by the festive season, and is expanding its capacity to produce 30,000 units in a quarter. However, all Triumph offerings will remain in the 400 cc displacement only for now.
Strategy Play for Pulsar
Looking ahead, Bajaj also hinted at the launch of the biggest Pulsar ever in early FY25 and underscored the company's focus on what he calls as 'super-segmentation rather than premiumization'.
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!
