Rajiv Bajaj, Managing Director of Bajaj Auto, has hinted that the electric two-wheeler due for launch before 2020 could, in fact, be a battery-powered scooter.
Speaking to shareholders at the 11th annual general meeting (AGM), Bajaj said the company is steadfast in developing an electric two-wheeler before the committed deadline of 2020.
“Urban electric mobility is an area which is risky because not many companies have ventured there so far but it is even riskier not to be there. There I can definitely confirm that in addition to the electric work we do on three-wheeler and four-wheeler we are working very strongly on electric two-wheelers. It could be an electric motorcycle as we are a motorcycle company. It could be an electric scooter,” said Bajaj.
Bajaj vehemently stayed away from the scooter segment after producing the last scooter more than a decade ago, as it wanted to focus solely on the motorcycle market. This also meant not participating in a market which grew faster than the motorcycle segment in the past several quarters except the June quarter.