iifl-logo-icon 1
IIFL

Invest wise with Expert advice

By continuing, I accept the T&C and agree to receive communication on Whatsapp

  • Open Demat with exclusive Advice & Services
  • Get a dedicated Relationship Manager to help you grow your wealth
  • Exclusive advisory on 20+ trading & wealth-based investment options
  • One tap Investments, Automated trading & much more
  • Minimum 1 lakh margin required
sidebar image

Bajaj Auto working to develop CNG bike; to hit road in June

26 Mar 2024 , 11:17 AM

Bajaj Auto is creating a portfolio of clean fuel CNG bikes, with the first set to join the market in June, according to Managing Director Rajiv Bajaj.

The bike would operate on CNG and will be available in June, he added, as part of the Bajaj Group's promise to spend ₹5,000 Crore on Corporate Social Responsibility (CSR) over the next five years.

The new bike is planned to be launched under a different brand and aimed at mileage-conscious consumers.

CNG motorcycles are expected to carry a higher price tag compared to petrol bikes, primarily because of elevated production expenses. Additionally, they feature a specialized tank that accommodates both petrol and CNG fuel options, providing added convenience for consumers.

Bajaj also stated that the Pulsar, which debuted 20 years ago, will shortly reach two million units.

Meanwhile, the Bajaj Group has committed ₹5,000 Crore to social impact projects over the next five years, with an emphasis on skill development, as part of 'Bajaj Beyond', the new brand of Group for all its CSR and humanitarian activities.

Rajiv Bajaj expressed that the introduction of the Bajaj Engineering Skills Training (BEST) initiative last year was an enriching journey for them. It illuminated the significant disparity between academic knowledge and hands-on expertise required in the manufacturing sector. The understanding acquired from BEST served as a fundamental element in establishing the foundation. Through Bajaj Beyond, they aim to broaden their skill development endeavors throughout the company.

This will help nearly 2 crore of tomorrow's youth, allowing them to take advantage of job and entrepreneurial possibilities offered by the rising Indian economy.

The Bajaj Group's humanitarian operations are managed through various entities. According to Niraj Bajaj, Chairman of Bajaj Auto, the Jamnalal Bajaj Foundation, Jankidevi Bajaj Gramme Vikas Sanstha, and the Kamalnayan Bajaj Hospital, among various other organizations, have dedicated significant efforts to enhance and empower communities.

He reiterated the Group's steadfast commitment to co-creating a successful and inclusive future for all Indians.

For feedback and suggestions, write to us at editorial@iifl.com

Related Tags

  • Bajaj Auto
  • Bajaj Auto news
  • Bajaj Auto share price
sidebar mobile

BLOGS AND PERSONAL FINANCE

Read More

Most Read News

Awfis IPO oversubscribed 4.19x on day two
23 May 2024|09:51 PM
Indian markets end the day on high
23 May 2024|03:59 PM
Markets surge

Markets surge

Whatsapp
Facebook
Twitter
LinkedIn
23 May 2024|03:45 PM
MG Motor India to supply 3000 EVs to Vertelo
23 May 2024|03:46 PM
Read More
Knowledge Centerplus
Logo

Logo IIFL Customer Care Number
(Gold/NCD/NBFC/Insurance/NPS)
1860-267-3000 / 7039-050-000

Logo IIFL Securities Support WhatsApp Number
+91 9892691696

Download The App Now

appapp
Knowledge Centerplus

Follow us on

facebooktwitterrssyoutubeinstagramlinkedin

2024, IIFL Securities Ltd. All Rights Reserved

ATTENTION INVESTORS
  • Prevent Unauthorized Transactions in your demat / trading account Update your Mobile Number/ email Id with your stock broker / Depository Participant. Receive information of your transactions directly from Exchanges on your mobile / email at the end of day and alerts on your registered mobile for all debits and other important transactions in your demat account directly from NSDL/ CDSL on the same day." - Issued in the interest of investors.
  • KYC is one time exercise while dealing in securities markets - once KYC is done through a SEBI registered intermediary (broker, DP, Mutual Fund etc.), you need not undergo the same process again when you approach another intermediary.
  • No need to issue cheques by investors while subscribing to IPO. Just write the bank account number and sign in the application form to authorise your bank to make payment in case of allotment. No worries for refund as the money remains in investor's account."

www.indiainfoline.com is part of the IIFL Group, a leading financial services player and a diversified NBFC. The site provides comprehensive and real time information on Indian corporates, sectors, financial markets and economy. On the site we feature industry and political leaders, entrepreneurs, and trend setters. The research, personal finance and market tutorial sections are widely followed by students, academia, corporates and investors among others.

RISK DISCLOSURE ON DERIVATIVES
  • 9 out of 10 individual traders in equity Futures and Options Segment, incurred net losses.
  • On an average, loss makers registered net trading loss close to Rs. 50,000.
  • Over and above the net trading losses incurred, loss makers expended an additional 28% of net trading losses as transaction costs.
  • Those making net trading profits, incurred between 15% to 50% of such profits as transaction cost.
Copyright © IIFL Securities Ltd. All rights Reserved.

Stock Broker SEBI Regn. No: INZ000164132, PMS SEBI Regn. No: INP000002213,IA SEBI Regn. No: INA000000623, SEBI RA Regn. No: INH000000248

plus
We are ISO 27001:2013 Certified.

This Certificate Demonstrates That IIFL As An Organization Has Defined And Put In Place Best-Practice Information Security Processes.