Bajaj announces electric vehicle manufacturing unit for India – The Bharat Express News
Bajaj Auto announced a 300 crore ($ 40 million) investment and began work on a brand new manufacturing unit in Akurdi, the site of the original Chetak scooter factory. The new manufacturing unit will have a capacity of 500,000 electric vehicles per year, and the first vehicle is expected to roll out of the new facility by June 2022. The manufacturing facility is expected to generate additional jobs for more than 800 people and will manufacture electric vehicles vehicles both for the domestic market and for foreign markets.
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Speaking about the new unit, Rajiv Bajaj, Managing Director of Bajaj Auto Limited, 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 the implementation of a state-of-the-art ICE platform currently under development, all of our transmission R&D resources are now laser focused on creating EV solutions for the future. This alignment reflects our belief that light electric vehicles for sustainable urban mobility is an idea whose time may finally have come. Thus, this investment in Akurdi completes the virtuous circle of high-tech R&D skills, high-efficiency engineering capabilities, world-class supply chain synergies and a global distribution network that should make us leap into a leading market position in electric vehicles in India and abroad. “
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According to a statement from Bajaj Auto, the new unit will have state-of-the-art robotic and automated manufacturing systems for everything, including logistics and handling, manufacturing and painting, assembly and quality assurance. These systems were designed for a flexible product line, while keeping in mind best worker ergonomics and maximum process efficiency, the company said. Akurdi’s unit spans half a million square feet and will employ around 800 people, Bajaj Auto said in the statement.
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The investments made by Bajaj Auto will be complemented by a number of vendors, who will invest an additional 250 crore ($ 33 million), the company said. The new electric vehicle manufacturing unit is co-located with Bajaj Auto’s state-of-the-art R&D center to foster greater collaboration, leading to a faster time to market. It is expected to transform Akurdi’s factory from Bajaj Auto into a hub for the design, development and manufacture of a full range of electric vehicles, the company added.
Bajaj Auto is India’s largest exporter of motorcycles and India’s second-largest manufacturer of two-wheelers by volume. The company is also the world’s largest manufacturer of three-wheelers. Bajaj Auto is the world’s first two-wheeler and three-wheeler company to achieve a market capitalization of 1,000 billion yen, and continues to be the world’s most valuable two-wheeler and three-wheeler company.
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