1 min read.Updated: 29 Dec 2021, 01:42 PM IST Edited By Livemint
This unit will have a production capacity of 500,000 EVs per annum
Bajaj Auto also announced an investment of ₹300 crore
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Bajaj Auto has today announced an investment of ₹300 crore and commenced work at a brand-new unit at Akurdi for manufacturing electric vehicles. This unit will have a production capacity of 500,000 EVs per annum. Akurdi (Pune) is also the site of the original Chetak scooter factory that made Bajaj Auto a household name in India. It is spread over half a million sq. feet and will employ nearly 800 people.
Rajiv Bajaj – Managing Director, Bajaj Auto Ltd. 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 implementing one state-of-the-art ICE platform that is currently under development, all our R&D drive train 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 at Akurdi completes the virtuous cycle of hi-tech R&D competencies, high-efficiency engineering capabilities, world class supply chain synergies, and global distribution network which should leapfrog us into a market leading position in EVs in India and overseas."
The new unit will have robotic and automated manufacturing systems for everything including logistics and material handling, fabrication and painting, assembly and quality assurance.
The systems have been designed for flexible product mix. The investments made by Bajaj Auto will be supplemented by a number of vendors, who will invest a further ₹250 crore. The first vehicle from this unit is expected to roll out by June 2022.
This new EV manufacturing unit at Akurdi is co-located with Bajaj Auto’s R&D centre to faster time-to-market. It should transform Bajaj Auto’s Akurdi facility into a hub for design, development and manufacturing of a complete range of electric vehicles.