Bajaj Confirms First Electric Motorcycle For FY28 – All Key Details

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Bajaj Auto will expand its electric vehicle portfolio with its first electric motorcycle in FY28 while increasing Chetak’s production

Bajaj Auto has confirmed that its first electric motorcycle will be introduced in the next financial year as it looks to expand its electric vehicle portfolio in addition to the Chetak range and three-wheelers. The announcement came during the company’s Q1 FY27 earnings call where it also revealed plans to increase Chetak production after its demand exceeded available manufacturing capacity.

The brand brought back the Chetak nameplate for its first electric assault at the two-wheeler space and it has paid dividends. It is currently one of the best-selling electric scooters in the domestic market. While the Freedom CNG offering achieved only modest success, Bajaj appears to be venturing into the less explored zero-emission motorcycle space which currently has inadequate presence from mainstream manufacturers.

The company said electric vehicles contributed around 30 per cent of its local business in the April-June 2026 quarter. In line with the popularity, the monthly production capacity of Chetak will be ramped up from 50,000 units to 60,000 units over the next few months to address supply constraints. The announcement comes at a time when rivalry in the electric two-wheeler segment continues to reach new heights.

Brands including TVS Motor, Hero MotoCorp and Ather Energy have consolidated their electric scooter portfolios with new investments for the betterment of their respective futures. Alongside the product update, Bajaj Auto reported its highest-ever quarterly financial performance for the April-June 2026 period as revenue from operations increased 37 per cent year-on-year to Rs. 17,244 crore.

Its profit after tax rose more than 40 per cent to nearly Rs. 3,000 crore and EBITDA crossed Rs. 3,500 crore with margin improving to 20.9 per cent. The domestic business recorded 26 per cent revenue growth during the quarter with double-digit gains across both two-wheelers and three-wheelers. Revenue from the EV business nearly doubled compared to the corresponding period last year.

But, the company said production remained limited by manufacturing capacity and component availability. Exports made sure another record quarter as Bajaj Auto crossed the 7 lakh milestone for the first time – supported by growth across Latin America and a recovery in Africa. The company said Africa more than doubled year-on-year – led by a three-fold increase in Nigeria and commercial vehicle exports climbed around 70 per cent.

The motorcycle business also registered double-digit domestic revenue growth during the quarter. Its retail sales in the sports motorcycle category grew 1.5 times faster than the rest of the industry while the Pulsar, Avenger and Dominar ranges posted double-digit year-on-year growth. Bajaj Auto also confirmed that updates across the 125 cc to 160 cc Pulsar range are planned.

The premium motorcycle business also recorded a notable quarter as domestic revenue from the KTM and Triumph brands increased 60 per cent year-on-year due to the new 350 cc portfolio and the recently launched Triumph Tracker 400. The combined KTM-Triumph sales network has reached more than 90 towns across the country.

The post Bajaj Confirms First Electric Motorcycle For FY28 – All Key Details appeared first on Gaadiwaadi.com - Latest Car & Bike News by Surendhar M.

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