Bajaj Auto sets sights on global CNG bike market with Freedom 125 launch
"Our initial focus will be India, which is a massive market in itself," said Rakesh Sharma, Executive Director at Bajaj Auto.
Bajaj Auto unveiled its much-anticipated Freedom 125 - the world's first CNG motorcycle - with an initial focus on the domestic market. However, the company has its eyes set on a wider stage, targeting eventual exports to countries with established CNG infrastructure.
"Our initial focus will be India, which is a massive market in itself," said Rakesh Sharma, Executive Director at Bajaj Auto, acknowledging the limited global reach of CNG refuelling networks. "A few stand out: Egypt, Tanzania, Peru, Bangladesh, and Indonesia."
"Once we've established a strong presence in India, we'll begin exploring these markets," Sharma noted. This strategic approach leverages Bajaj's experience in the CNG segment. The company already offers bi-fuel CNG options for its three-wheeler range, and the CNG-powered Qute is expected to enter markets like Egypt.
The initial rollout of the Freedom 125 will be concentrated in states with robust CNG networks, such as Maharashtra and Gujarat. Production is expected to begin with a capacity of 10,000 units in the first 2-3 months, with plans to ramp up to 30,000-40,000 units by the end of the fiscal year.
RELATED ARTICLES
Government Launches PM RAHAT Scheme for Cashless Treatment of Road Accident Victims
The newly approved PM RAHAT scheme promises up to ₹1.5 lakh in cashless hospital treatment per road accident victim, int...
Electric Powertrain Supplier Tsuyo Aims To Raise Up To $20 Million For Capacity Expansion
With a new plant coming up at Dharwad in Karnataka, the startup plans to expand powertrain supplies to commercial vehicl...
Not Battery as a Service, Tsuyo Pushes Motion as a Service for EV Retrofits
Vijay Kumar, CEO and Founder of Tsuyo Manufacturing, outlines a bundled propulsion and financing model focused initially...




05 Jul 2024
5785 Views
Sarthak Mahajan

Kiran Murali
Mukul Yudhveer Singh