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Bajaj Auto to set up INR 300 cr EV manufacturing unit in Pune, Auto News, ET Auto

Bajaj Auto announces a new EV producing unit for India and exports at Akurdi (Pune) vehicles to roll out by June 2022

New Delhi: Homegrown two and three-wheelers producer Bajaj Auto on Wednesday declared an expense of INR three hundred crore (USD 40 Mn) unit at Akurdi for producing Electrical Autos. This unit will have a production potential of 500,000 EVs for every annum. Akurdi (Pune) is also the web page of the authentic Chetak scooter manufacturing unit that made Bajaj Auto a family title in India, the firm explained in a launch.

“In 2001 Bajaj two. took off on the roaring Pulsar, in 2021 Bajaj 3. comes on the charming Chetak. Going forward, for the Bajaj portfolio, except for employing one particular point out-of-the-artwork ICE system that is now underneath growth, all our R&D generate teach means are now laser-concentrated on making EV solutions for the potential. This alignment displays our belief that light Electrical Autos for sustainable city mobility is an strategy whose time may possibly last but not least have arrive. So, this expense at Akurdi completes the virtuous cycle of hi-tech R&D competencies, substantial-effectiveness engineering capabilities, globe-course offer chain synergies, and a world distribution network which need to leapfrog us into a current market-top situation in EVs in India and overseas,” explained Rajiv Bajaj, Controlling Director, Bajaj Auto Ltd.

In accordance to the firm, the new unit will have chopping-edge robotic and automated producing systems for almost everything together with logistics and material handling, fabrication and painting, assembly and good quality assurance. These systems have been made for adaptable solution combine though maintaining in intellect the very best employee ergonomics and maximum process effectiveness. It is spread above fifty percent a million sq. ft and will utilize ~800 personnel.

The investments made by Bajaj Auto will be supplemented by a number of vendors, who will spend a further more INR 250 Cr (USD 33 Mn). The to start with car from this unit is anticipated to roll out by June 2022, the firm included.

This new EV producing unit at Akurdi is co-located with Bajaj Auto’s point out-of-the-artwork R&D centre to foster greater collaboration, top to more rapidly time-to-current market. It need to completely transform Bajaj Auto’s Akurdi facility into a hub for structure, growth and producing of a complete vary of Electrical Autos.

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Tata Motors, the promoter of Tata Passenger Electrical Mobility (TPEML), would hold a hundred% share cash in the EV company unit, the firm explained.

In the past twelve months of current market oscillation, almost fifty firms have proposed investments well worth above INR ninety nine,000 crore in the Indian car sector. About fifty percent of the whole investments were being on electric mobility, suggesting that both the legacy players and the newcomers chose to create these technologies in-property, relatively than pursuing inorganic expansion.