Bajaj Auto will invest almost Rs. 300 crore in developing a new electric vehicle manufacturing facility. It will be Bajaj's hub for EV production for the Indian market and exports.
The old Chetak plant will be turned into Bajaj’s new Electric Vehicle manufacturing facility, in Akurdi, India. Bajaj Auto is investing Rs. 300 crore (USD 40 Million) for the development of the new plant. The new EV manufacturing facility will be spread across 11.47 acres with a production capacity of 5,00,000 EVs per year, and Bajaj says the plant will be fully operational in the next six months i.e June 2022.
The facility will feature cutting-edge robotic and automated manufacturing systems for logistics, material handling, fabrication and painting, assembly and quality assurance. Despite the automation, Bajaj promises up to 800 employment opportunities. This production facility will fulfill the domestic needs and Bajaj Auto plans to export units it as well.
The upcoming plant is co-located with Bajaj’s R&D centre which makes it easy for the concerned department to work hand in hand. This is likely to make the new facility into a hub for the design, development and manufacturing of a complete range of Bajaj Electric Vehicles.
Speaking about the new unit, Rajiv Bajaj, Managing Director, Bajaj Auto Ltd. said, ‘In 2001 Bajaj 2.0 took off on the roaring Pulsar, in 2021 Bajaj 3.0 arrives on the charming Chetak. Going forward, for the Bajaj portfolio, except for implementing one state-of-the-art ICE platform that is currently under development, all our R&D drive train resources are now laser-focused on creating EV solutions for the future’