Bajaj Auto to invest Rs 650 crore in new two-wheeler plant in Maharashtra
The new facility is expected to commence production in 2023 and will manufacture KTM, Husqvarna and Triumph motorcycles as well electric vehicles starting with the Chetak.
11584 Views
New Rs 650 crore plant in Chakan, which will commence production in 2023, will produce high-end KTM, Husqvarna and Triumph motorcycles as well as EVs starting with the Chetak.
Pune-headquartered two- and three-wheeler major Bajaj Auto has signed an MoU with the government of Maharashtra to set up a new manufacturing facility on a proposed investment of Rs 650 crore in Chakan, Maharashtra.
The new facility is expected to commence production in 2023 and will manufacture high-end KTM, Husqvarna and Triumph motorcycles as well electric vehicles starting with the Chetak.
As per the MoU, the government of Maharashtra will facilitate Bajaj Auto in obtaining all necessary permissions/ registrations/ approvals/ clearances/ fiscal incentives among others, from the concerned departments of the state, as per the existing policies/rules and regulations of the government of Maharashtra.
Bajaj Auto says the proposed investment further reinforces its commitment to the state of Maharashtra where the company's journey began 75 years ago.
RELATED ARTICLES
Bajaj Auto launches new Chetak 3503 at Rs 110,000
Autocar Professional Bureau
29 Apr 2025
The Chetak 3503, with a claimed range of 155km, 63kph top speed and a slower charging time than its 35 Series siblings, ...
Hyundai walks the eco talk with biogas plant, material recovery plant in Gurugram
Autocar Professional Bureau
22 Apr 2025
Operational since October 2022, the facility targets sustainable waste management in Gurugram by undertaking scientific ...
Rajiv Bajaj reappointed MD and CEO of Bajaj Auto for five-year term
Autocar India
19 Mar 2025
Bajaj Auto’s Board of Directors has approved the re-appointment of Rajiv Bajaj as the company’s MD and CEO for another f...
