Eric Vas News Today

Explore the details and images of the new Bajaj Chetak EV model for 2024. Get comprehensive information on the upgraded features and specifications at news18.com.

Bajaj, which quit the internal combustion engine scooter market years back, used its Chetak brand to make an entry into the electric scooter market in 2019

The semiconductor chip supply for the electric two-wheeler industry has normalised but the prices are up by nearly 50 per cent compared to pre-pandemic period, said Eric Vas, president, Urbanite, the electric vehicle (EV) business of Bajaj Auto. It (the supply) has improved greatly. It has pretty much normalised. The problem is the cost. The costs remain very high. Hopefully, the costs will start correcting themselves over this fiscal year, he said in an interview with Business Standard.

The two-wheeler was a popular household from the 1970s to early 2000s, and now it plans to do the same for the current generation as well.

Bajaj Auto says it wants to be the world’s largest two- and three-wheeler EV maker outside of China. Click here to find out more on the company’s EV plans.