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Bajaj Pulsar Analysing Bajaj sales breakup Nov 2024 charts, Chetak experienced the best sales prospect with numbers growing by 203.12% YoY Bajaj Auto managed to close the books for the month of November 2024 with 1,96,906 units sold in the domestic market with 6.47% YoY decline as opposed to 2,10,532 units sold in November 2023. […] More
New Bajaj Chetak 35 Series LaunchBajaj Launches New Chetak Electric Scooter 35 Series: Bigger, Better, and Smarter
Bajaj Auto has launched the latest range of its popular Chetak electric scooter today, introducing the all-new Chetak 35 Series. Packed with significant upgrades, these scooters are designed to provide a more practical, convenient, and connected riding experience. Priced from Rs 1.2 lakh (ex-showroom) for the Chetak 3502 and Rs 1.27 lakh (ex-showroom) for the Chetak 3501, they offer enhanced range, performance, and features, making them the most advanced Chetak scooters yet.
New Platform with Enhanced Storage and Battery Placement
The Chetak 35 Series is based on an entirely new platform, which has enabled the integration of a larger 3.5 kWh underfloor battery pack. This placement not only improves weight distribution and handling but also frees up 35 liters of under-seat storage, offering ample space for helmets and other essentials. The charger cable now has its own compartment, further optimizing storage convenience.
New Bajaj Chetak 35 Series Launch
Improved Battery and Range
The new battery management system ensures better performance and efficiency. With a real-world range of 125 km and a claimed range of 153 km, riders can cover longer distances on a single charge. Charging is faster too, thanks to a 950-watt charger, enabling an 80% charge in just 3 hours and 25 minutes.
Comfort and Practicality
Bajaj has made the new Chetak even more rider-friendly with an increased seat length, enhancing comfort for both rider and pillion. The addition of reverse mode makes navigating tight parking spaces easier than ever.
New Bajaj Chetak 35 Series Launch
Smart Features for a Connected Ride
The Chetak 35 Series comes equipped with a color TFT display featuring turn-by-turn navigation, call controls, and music management, ensuring a seamless and connected riding experience. Riders can accept or reject calls with a simple tap, control music on the go, and receive real-time notifications directly on the display. These features make the scooter not just a means of transport but a smart mobility solution.
New Bajaj Chetak 35 Series Launch
Performance and Modes
The scooter boasts a top speed of 73 kmph and comes with Eco and Sports modes, catering to a variety of riding preferences. Whether prioritizing efficiency or performance, the Chetak adapts to the rider’s needs.
Old Chetak with battery under seat
New Chetak with battery under floor
Practical Design and Pricing
With its industry-leading 35L boot space, stylish design, and enhanced features, the new Chetak combines practicality with aesthetics. Available in two variants, the Chetak 3502 and Chetak 3501, the scooters offer great value with their starting prices of Rs 1.2 lakh and Rs 1.27 lakh, respectively.
Under seat space in new Chetak
A Step Forward for Bajaj’s Electric Portfolio
First launched in 2019, the Bajaj Chetak has consistently evolved to meet the needs of modern riders. With the introduction of the 35 Series, Bajaj has not only reinforced its commitment to electric mobility but also set a new standard for electric scooters in India. The new Chetak is poised to appeal to a wide range of customers, from daily commuters to tech-savvy riders looking for a smart, sustainable, and stylish solution.
New charger on board More
2025 Bajaj Chetak Electric Scooter SpiedRajiv Bajaj recently revealed that Chetak has become the No 1 selling electric scooter in India for Dec 2024
Bajaj is gearing up to launch the updated 2025 Chetak electric scooter on December 20, and fresh spy shots provide a closer look at what’s in store. Spotted testing near Bajaj’s Pune plant, the new Chetak hints at key updates, including a revamped design, potential new features, and improved performance. Latest spy shots are credited to automotive enthusiast Anvay Sheolikar.
New Chassis and Platform for Better Performance
The upcoming 2025 Bajaj Chetak is expected to utilize a brand-new platform with a lighter chassis. This move could enhance its handling, agility, and range. One noticeable change from the spy shots is the potential relocation of the battery pack to the floorboard area. This would result in improved weight distribution, lower center of gravity, and more stability during cornering, braking, and low-speed maneuvers.
2025 Bajaj Chetak Electric Scooter Spied
The updated battery pack could also introduce better energy efficiency, higher capacity, and improved safety features. If so, the new Chetak could offer an extended range to compete with rivals like Ola S1, Ather 450X, and TVS iQube.
Enhanced Storage and Practicality
Spy shots reveal that Bajaj may address a key concern with the current Chetak models—limited storage space. By relocating the battery, under-seat storage could be significantly improved, making it more practical for daily use. This change could align the Chetak with competitors that already offer larger storage compartments.
2025 Bajaj Chetak Electric Scooter Spied
Possible New Features
While the overall retro-modern styling remains intact, subtle design tweaks can be seen in the test units. The body panels showcase slight refinements, and new color options may be introduced to give buyers more choices. The rear section shows redesigned tail lamps with a sleeker LED pattern, adding a fresh touch to its appearance.
2025 Bajaj Chetak Electric Scooter Spied
The instrument cluster might also receive an upgrade, potentially offering a more advanced display with features like smartphone connectivity and navigation. One of the test mules is wearing steel wheels, which is new for Chetak as all variants today are seen with alloys.
Lower Pricing and Market Strategy
To widen its reach, Bajaj could introduce the new 2025 Chetak at a lower starting price, making it more competitive. As with the current model, multiple variants are expected, catering to diverse customer preferences. The existing Chetak lineup is priced between Rs 95,998 and Rs 1,28,744, depending on the variant. A more affordable base model for 2025 could further strengthen Bajaj’s position in the electric two-wheeler market.
2025 Bajaj Chetak Electric Scooter Spied
Bajaj is positioning the 2025 Chetak as the “Best Chetak yet,” as teased in promotional materials. With their market share in electric scooter segment growing, the new Chetak aims to bolster its reputation as a reliable and stylish choice in the electric scooter segment.
2025 Bajaj Chetak Electric Scooter Spied More
Rajiv Bajaj at the launch of Chetak electric scooter. File photo.Rajiv Bajaj Declares Chetak the Best-Selling Electric Scooter, Reiterates Faith in Legacy Brands Over New-Age EV Makers
In a significant milestone for Bajaj Auto, Rajiv Bajaj, Managing Director of the company, announced that their electric scooter, Chetak, has climbed to the top spot in the Indian electric scooter market. Speaking to CNBC-TV18, Bajaj shared that based on December VAHAN registration data, the Chetak has surpassed its competitors to become the best-selling electric scooter in the country.
Bajaj Chetak Overtakes Ola
“CNBC-TV18 is very lucky for me… my son Rishabh, who has been part of the Electric Chetak team for the past 2.5 years, told me this morning that based on December VAHAN registration data, our electric scooter Chetak is now the largest-selling electric scooter, not third largest, in the country. So, the award could not be better timed,” said Bajaj.
This achievement comes as Bajaj Auto narrows the gap with Ola Electric, which had been holding the largest EV market share until November. Bajaj Auto and TVS Motor Company have been closing in on Ola’s lead in the fiercely competitive electric scooter market. Add to this, Bajaj is getting ready to launch new gen Chetak on 20th Dec.
A Playful Jibe at Ola Electric
While celebrating Chetak’s rise to the top, Bajaj couldn’t resist taking a playful dig at Ola Electric and its CEO, Bhavish Aggarwal. Commenting on the competitive landscape, Bajaj said, “Ola toh Ola hai, Chetak shola hai” — implying that while Ola remains a significant player, Chetak is a firebrand in the market.
Ola Electric, led by Bhavish Aggarwal, has been dominating the Indian electric scooter segment for months, but the gap between Ola and its rivals has been shrinking. Bajaj Auto’s success with Chetak, alongside TVS Motor Company’s performance, reflects an increasingly competitive landscape in India’s EV market.
A Proven Strategy: Betting on “BET” Over “OATS”
This latest development adds weight to Rajiv Bajaj’s earlier remarks where he dismissed new-age EV makers as “OATS”—a reference to Ola, Ather, Tork, and Simple—while expressing confidence in “BET”—Bajaj, Enfield, and TVS. Bajaj famously said he would bet on BET rather than OATS, and this statement seems to be ringing true in the current market scenario.
Ola Electric, which dominated the EV market until November, has registered declining sales, while Ather Energy is also witnessing challenges. Tork Motors is reportedly struggling for survival, and Simple Energy is still working on expanding its market reach. Meanwhile, legacy players like Bajaj and TVS have been steadily increasing their footprints by expanding dealerships and service networks, allowing them to gain an edge in the market.
Expanding Networks and Market Share
Bajaj Auto and TVS Motor Company have been steadily expanding their dealership and service networks, enhancing accessibility for customers across India, particularly in Tier 2 and Tier 3 cities where newer EV brands have faced challenges in establishing a foothold. Ola Electric, however, is not backing down. On December 20, the company plans to open 4,000 stores and service centers nationwide. Furthermore, Ola has ambitious plans for 2025, with multiple new product launches lined up, including electric motorcycles and electric rickshaws, signaling an intensifying competition in the EV market.
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2025 Bajaj Chetak Electric Scooter LaunchIn addition to a new chassis, upcoming new Chetak electric scooter can also get an improved battery pack
Bajaj Chetak electric scooter was a relatively slow starter at the time of its launch in 2020. However, with new models, price cuts, continuous improvements and network expansion, Chetak has emerged as the third best selling electric scooter in the country.
2025 Bajaj Chetak model – What’s new?
It is expected that the new 2025 Chetak model will be utilizing an entirely new platform. This will be part of the continuous improvements that Bajaj has introduced for Chetak over the years. The primary idea is to introduce changes that improve Chetak’s competencies against rival offerings. Chetak takes on rivals such as Ola S1, Ather Rizta and TVS iQube. These rival electric scooters offer more practicality with their bigger storage space. With the new Chetak model, Bajaj may be looking to achieve something similar.
2025 Bajaj Chetak Electric Scooter Launch Teaser
Using an entirely new chassis, 2025 Bajaj Chetak is expected to be more lightweight. This will improve its performance as well as range. In the new platform, the battery pack could be moved under the floorboard. This will ensure that there’s ample space under the seat. With the battery pack placed under the floorboard, overall control and handling of the scooter will also improve. The lower centre of gravity will be beneficial while cornering, sudden braking and acceleration and manoeuvring the scooter at low speeds.
The battery pack could also be updated with a more advanced unit. It could be more energy efficient and safer as well. Assuming that a more advanced battery pack is used, the new Chetak could deliver a higher range. It is also possible that a higher capacity battery pack could be accommodated with the new platform. This too will boost performance and range.
Bajaj Chetak Spied Testing
In the teaser, Bajaj claims that this will be the Best Chetak yet. They are also saying it will be Fully Lifeproof. With the upcoming 2025 Chetak model, Bajaj will be looking to further boost its market share in the electric two-wheeler segment. In October 2024, Chetak had a market share of 20.29%. That’s pretty close to the 21.50% market share of TVS iQube, the second best selling electric scooter.
Lower pricing, improved styling?
To make Chetak more accessible, the new 2025 model could be launched at a lower price point. Just like the current model, there will be multiple variants of the new 2025 Chetak. The base variant could be made more affordable. As of now, the base 2903 variant of Bajaj Chetak with the 2.88 kWh battery pack is available at a starting price of Rs 95,998. Next is Chetak 3202, priced at Rs 1,15,018. The top variant 3201 is available at Rs 1,27,244. There’s a Special Edition version as well, priced at Rs 1,28,744.
Existing Chetak variants have a range of 123 to 137 km. Base variant has a top speed of 63 km/H, whereas the others are rated at 73 km/H. While the new 2025 Chetak will retain its classic design format in most parts, there could be some minor cosmetic adjustments. Some new colour options could also be introduced with the new Chetak electric scooter. More
Bajaj Freedom CNG Price CutTo make the Freedom CNG bike more accessible, Bajaj has reduced prices in the range of Rs 5,000 to Rs 10,000
In a short period of time, Bajaj Freedom CNG motorcycle has emerged as a bestseller. In October, Freedom CNG sales were at 30,051 units. That makes it the fourth best-selling product in Bajaj’s portfolio. MoM gain was 53.02%, as compared to 19,639 units sold in September 2024.
Bajaj Freedom CNG price cut – Stock down by around 2%
It was in July 2024 when the world got its first dual-fuel CNG motorcycle. Freedom CNG bike was a significant milestone for Bajaj. However, just five months after its launch, Bajaj Freedom CNG 125 prices have been reduced. The base variant gets a price cut of Rs 5,000, whereas the mid-level variant is cheaper by Rs 10,000.
Bajaj Freedom CNG base variant (drum) new price is Rs 89,997. The mid-spec Freedom CNG (Drum, LED) variant is available at Rs 95,002. Pricing for the top variant, which has a disc brake and LED lights, remains unchanged at 1.10 lakh. The price reduction does not result in any changes to the equipment list.
Price reduction will be beneficial for customers and it can also help boost sales of Bajaj Freedom CNG bike. However, stock markets have treated the price cuts as a negative development. Especially due to the gap between actual sales and dispatches to dealerships. As per VAHAN data, sales of Bajaj Freedom CNG 125 are shown at 34,000 units to date. But dispatches to dealerships are at 80,000 units. Moreover, price cuts were also announced on select Pulsar models after Diwali.
Bajaj Freedom 125
Due to a negative reaction by stock markets, Bajaj Auto’s share price had tanked by around 2%. It is down to Rs 8,983. UBS expects a further correction in the stock price of Bajaj Auto. The stock price of Bajaj Auto has already been corrected by around 30% since its peak of Rs 12,774 in September 2024. UBS has a sell recommendation for Bajaj Auto and has set a price target of Rs 7,800.
‘Buy’ rating for Bajaj Auto by other analysts
Even though UBS has given a ‘sell’ rating, not all analysts have the same opinion. Among 47 analysts that cover Bajaj Auto stock, 20 analysts still maintain a positive ‘Buy’ rating. And 11 analysts have given a ‘Hold’ rating for Bajaj Auto stock. The remaining 16 analysts have a ‘Sell’ rating for Bajaj Auto stock.
It remains to be seen how Bajaj Auto stock will perform in the coming days. While domestic two-wheeler sales growth in November is negative (YoY), exports have registered a gain of 26%. Overall, the YoY growth is positive in November at 5%. YTD (Year to Date) numbers are better, revealing positive growth in both domestic and international markets.
Nitin Gadkari and Rajiv Bajaj at the Freedom CNG launch
Bajaj is India’s largest two-wheeler exporter and expects better performance in the coming months. For its Freedom CNG bike, the strong potential exists in markets like Tanzania, Egypt, Peru and Columbia. Bajaj will also introduce new products, which can help deliver better sales growth figures. More
Bajaj Pulsar N125Bajaj Auto sales in Nov 2024 improved by 5% on a YoY basis while YTD sales were up 9%
Bajaj Auto Limited saw a positive trend across its portfolio in November 2024. Even as domestic sales of both its 2W and CV declined YoY, the company witnessed double digit improvement in its exports thus ending total sales on a positive note. The recently introduced Pulsar N125 has been well received.
Bajaj Auto 2W, CV YoY Sales – Nov 2024
Bajaj Auto sales (2W+CV) (Domestic + exports) stood at a total of 4,21,640 units in Nov 2024. This was a 5% YoY growth over 4,03,003 units sold in Nov 2023. Across its two wheeler (2W) segment, domestic sales saw lower demand by 7% to 2,03,611 units. This figure had been significantly higher with 2,18,597 units sold in Nov 2023.
Exports however saw a hefty 26% YoY growth from 1,30,451 units shipped in Nov 2023 to 1,64,465 units exported last month. This took total 2W sales up by 5% YoY to 3,68,076 units. This was a marked increase from 3,49,048 units sold in Nov 2023.
Bajaj Auto Sales Nov 2024
Commercial vehicles (CV) also saw lower demand in domestic markets but a surge in exports. Domestic sales fell by 5% YoY to 37,243 units, down from 39,147 units sold in Nov 2023. Exports on the other hand witnessed a 10% YoY improvement to 16,321 units in the past month, over 14,808 units of Nov 2023. Total CV sales thus stood at 53,564 units, a 1% decline over 53,955 unit sales of the same month last year.
Taking into account total sales (domestic + exports (2W+CV), Bajaj Auto had 2,40,854 units sold in domestic markets relating to a 7% YoY decline. Exports were up 24% to 1,80,786 units. There had been 1,45,259 units shipped in Nov 2023.
Bajaj Auto Sales Nov 2024 – YTD
Bajaj Auto YTD Sales – April-Nov 2024
Bajaj sales during the period of April to November 2024 saw outstanding increase both in terms of 2W and CVs and in domestic and global markets. Two wheeler domestic sales were up 9% during the 8 month period to 16,78,818 units. There had been 15,45,334 units sold in the same period of 2023.
Exports were also up 11% to 10,87,755 units a YTD growth from 9,82,771 units sold in the FY24 period taking total 2W sales up by 9%. There were 27,66,573 units sold in the FY25 period, well over 25,28,105 units sold in the FY2024 period.
CV sales too grew by 4% in domestic markets and 18% in terms of exports. Domestic sales stood at 3,33,199 units in FY25 from 3,21,140 units sold in FY24. Exports on the other hand grew even more significantly to 1,25,135 units during the April to Nov 2024 period from 1,06,306 units sold in the same period last year. Total CV sales thus increased by 7% to 4,58,334 units from 4,27,446 units YTD.
Improvements across both 2W and CV segments, thus took total domestic sales up 8% on a YTD basis to 20,12,017 units while exports were up 11% to 12,12,890 units. Total sales (domestic + exports) (2W + CV) were at 32,24,907 units in the FY25 period, up from 29,55,551 units sold in the same period of the previous year. More
Bajaj Pulsar NS : Image – Chassis No 9Bajaj Pulsar N125, the most recent launch, will boost sales as it takes on a prominent position in the sporty 125cc category
Bajaj Auto Limited has suffered a year-on-year (YoY) and month-on-month (MoM) de-growth in October 2024. The festive season failed to stir up sales for the two wheeler major. Sales were adversely impacted, bogged down by various challenges in the domestic market and lower consumer demand.
Bajaj Auto domestic sales dipped by 7.11% YoY and 58.77% MoM to 2,45,421 units in Oct 2024. There had been 2,64,198 units sold in Oct 2023 which related to an 18,777 unit volume de-growth. Sales had also stood at 2,47,118 units in Sep 2024 causing a very marginal MoM decline by 0.69%.
Bajaj Domestic Sales Oct 2024 – Pulsar at No. 1
Bajaj Pulsar once again topped sales charts by a huge margin even as its sales declined heavily. Pulsar sales stood at 1,11,834 units last month, a 30.78% YoY de-growth from 1,61,572 units sold in Oct 2023. This was a 49,738 unit volume decline with the Pulsar commanding a 45.57% share. MoM sales also fell by 19.62% over 1,39,128 units sold in Sep 2024.
In the Pulsar range it was the 125cc model that commanded the most attention with 68,511 units sold last month while Pulsar 150cc had 21,438 units. Its 200cc counterpart had 14,898 unit sales in the past month along with 5,665 units of Pulsar 250cc. Each category saw sales decline heavily. The new Pulsar N125, launched could cause quite a stir in its segment as it takes on TVS Raider and Hero Xtreme 125R in this sporty 125cc category.
Bajaj Sales Breakup October 2024 – YoY
Bajaj Platina, another a relatively top seller in the company portfolio, also saw its sales decline to 61,689 units in Oct 2024. This was down by 17.24% over 74,539 units sold in the same month last year. It however, experienced a 23.94% MoM growth over 49,774 unit sales of Sep 2024.
Rising demand has been seen in the case of the Bajaj Chetak electric scooter which was also the 3rd best-selling electric scooter in the country. Chetak sales went up by 152.48% YoY and 7.49% MoM to 30,644 units. There had been 12,137 units sold in Oct 2023 and 28,517 units sold in Sep 2024 with the Chetak currently commanding a 12.49% on the sales list.
The relatively new Freedom CNG bike accounted for sales of 30,051 units in Oct 2024. This was a 53.02% Mom growth from 19,639 units sold in Sep 2024. The new Freedom, launched in July 2024, has been well received. This first-ever mass-market CNG motorcycle delivers 100 km/kg in CNG and 65 km/l in petrol model to a total range of 330 kms.
Bajaj Sales Breakup October 2024 – MoM
Bajaj CT, Avenger, Dominar – Sales Decline YoY
Bajaj CT, Avenger and Dominar have been facing lack luster sales in recent months. CT sales declined by 28.46% YoY to 8,503 units in Oct 2024, down from 11,886 units sold in the same month last year. It however, did see a 33.05% MoM growth over 6,391 unit sales of Sep 2024.
Bajaj Avenger suffered a 37.93% YoY and 28.77% MoM decline in demand in domestic markets. Sales fell to 1,651 units. The Dominar, offered in 250cc and 400cc, too suffered double digit de-growth to 1,049 units in Oct 2024, down by 25.28% YoY and 22.35% MoM. More
