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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

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