Latest news with #Chetak35
Time of India
10-05-2025
- Automotive
- Time of India
Legacy auto firms corner 40% of e-scooter market in FY25, led by TVS and Bajaj
Legacy automakers TVS Motor and Bajaj Auto jointly cornered nearly 40 per cent of India's electric two-wheeler (E2W) market in FY25, up from around 31 per cent in FY24, according to JMK Research & Analytics. Their combined share reflects a rising trend in electric vehicle (EV) adoption even as they continue to operate large internal combustion engine (ICE) portfolios. TVS held a 20.84 per cent share while Bajaj Auto accounted for 19.73 per cent of the E2W market in FY25. The expansion comes in the backdrop of several factors including product diversification, timely EV launches, and wider aftersales and dealer networks. Bajaj Auto's market share gain is attributed to its focused EV strategy. The company expanded dedicated Chetak Experience Centres (CECs) and launched the Chetak 35 series in December 2024, which helped it reach urban and semi-urban consumers. Although its overall two-wheeler volumes stayed flat year-on-year, EV penetration in Bajaj's portfolio rose from 5.36 per cent in FY24 to 11.01 per cent in FY25. TVS Motor recorded an 11.32 per cent year-on-year growth in overall sales in FY25. EV penetration in its portfolio increased from 6.77 per cent to 7.59 per cent over the same period. The company offers a wider pricing range than Bajaj, with products targeting both entry-level and premium segments. 'The data suggests a broadening of the competitive landscape, where established players with multi-powertrain portfolios are now capturing a growing share of the E2W market,' said JMK Research. It added that this shift indicates a maturing industry where leadership is no longer exclusive to electric-first companies. Pure-play EV firms such as Ola Electric, Ather Energy and Ampere Vehicles still hold significant market presence. Ola's scooters cater to entry-level buyers with competitive pricing, while Ather's range is priced slightly higher. Ampere continues to operate in an affordable pricing bracket. In contrast, legacy firms are employing multi-tier pricing to attract a broader consumer base. The study noted that total E2W sales growth was modest but increasing EV penetration among legacy firms pointed to structural changes in the sector. Their brand familiarity, manufacturing scale, and infrastructure gave them an advantage as the market evolved. The report further stated that with new entrants like Honda also moving into the E2W segment, the competitive landscape will likely see more innovation, performance upgrades and price differentiation going forward.
Time of India
09-05-2025
- Automotive
- Time of India
Legacy auto firms corner 40% of e-scooter market in FY25, led by TVS and Bajaj
New Delhi: Legacy automakers TVS Motor and Bajaj Auto jointly cornered nearly 40 per cent of India's electric two-wheeler (E2W) market in FY25, up from around 31 per cent in FY24, according to JMK Research & Analytics. Their combined share reflects a rising trend in electric vehicle (EV) adoption even as they continue to operate large internal combustion engine (ICE) portfolios. TVS held a 20.84 per cent share while Bajaj Auto accounted for 19.73 per cent of the E2W market in FY25. The expansion comes in the backdrop of several factors including product diversification, timely EV launches, and wider aftersales and dealer networks. Bajaj Auto's market share gain is attributed to its focused EV strategy. The company expanded dedicated Chetak Experience Centres (CECs) and launched the Chetak 35 series in December 2024, which helped it reach urban and semi-urban consumers. Although its overall two-wheeler volumes stayed flat year-on-year, EV penetration in Bajaj's portfolio rose from 5.36 per cent in FY24 to 11.01 per cent in FY25. TVS Motor recorded an 11.32 per cent year-on-year growth in overall sales in FY25. EV penetration in its portfolio increased from 6.77 per cent to 7.59 per cent over the same period. The company offers a wider pricing range than Bajaj, with products targeting both entry-level and premium segments. 'The data suggests a broadening of the competitive landscape, where established players with multi-powertrain portfolios are now capturing a growing share of the E2W market,' said JMK Research. It added that this shift indicates a maturing industry where leadership is no longer exclusive to electric-first companies. Pure-play EV firms such as Ola Electric, Ather Energy and Ampere Vehicles still hold significant market presence. Ola's scooters cater to entry-level buyers with competitive pricing, while Ather's range is priced slightly higher. Ampere continues to operate in an affordable pricing bracket. In contrast, legacy firms are employing multi-tier pricing to attract a broader consumer base. The study noted that total E2W sales growth was modest but increasing EV penetration among legacy firms pointed to structural changes in the sector. Their brand familiarity, manufacturing scale, and infrastructure gave them an advantage as the market evolved. The report further stated that with new entrants like Honda also moving into the E2W segment, the competitive landscape will likely see more innovation, performance upgrades and price differentiation going forward.
Time of India
29-04-2025
- Automotive
- Time of India
Bajaj Auto launches affordable electric scooter, Chetak 3503. Check price and features
Bajaj Auto has launched an affordable version of the Chetak electric scooter. The new Chetak 3503 has been launched several months after the introduction of the Chetak 35 series. #Pahalgam Terrorist Attack India stares at a 'water bomb' threat as it freezes Indus Treaty India readies short, mid & long-term Indus River plans Shehbaz Sharif calls India's stand "worn-out narrative" Bajaj Chetak 3503 Features Built on the identical platform as other 35 series models, the Chetak 3503 utilises the same 3.5kWh battery pack, delivering a stated range of 155km. It maintains the generous 35-litre storage space under the seat, consistent with other variants in the 35 series. However, the 3503's performance differs slightly, with a maximum speed capability of 63kph. The pricing structure positions the 3503 approximately Rs 20,000 lower than the 3501 variant. The scooter boasts a complete metal construction and includes a colour LCD display with fundamental Bluetooth capabilities. The charging duration is marginally longer, requiring 3 hours and 25 minutes to reach 80 per cent capacity, compared to 3 hours for other Chetak 35 models. This variant excludes sequential indicators and substitutes the front disc brake with a drum brake, whilst also omitting hill hold assist. It provides two riding modes - Eco and Sports. The Chetak 3503 is available in four colour selections – Indigo Blue, Brooklyn Black, Cyber White, and Matt Grey. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like The cost of hearing aids in Puducherry might surprise you! Learn More Undo Bajaj Chetak 3503 Price The new Chetak has an affordable price tag of Rs 1.10 lakh (ex-showroom). Whilst sharing the battery and newly engineered chassis with its premium counterparts, the 3503 comes with a reduced feature set. The EV is now available for booking via online as well as through authorised dealerships.
Time of India
29-04-2025
- Automotive
- Time of India
Bajaj Chetak 3503 e-scooter launched at Rs 1.10 lakh: Range, battery and more
Bajaj Auto has launched the new Bajaj Chetak 3503 e-scooter in the Indian market. The Chetak 35 series was launched a few months earlier, and now the 3503 is the most affordable variant in the range priced at Rs 1.10 lakh (ex-showroom). The Chetak 3503 shares its battery and newly developed chassis with the higher-end models but comes with fewer features. Interested customers can book the scooter online or by visiting their nearest dealership, deliveries are expected to begin soon. The Bajaj Chetak 3503 is based on the same platform as other models in the 35 series, it comes equipped with the same 3.5kWh battery pack that offers a claimed range of 155km. Since it shares the chassis with the other variants in the 35 series, it also features the same spacious 35-litre underseat storage. That said, the 3503 differs in performance, with a slightly lower claimed top speed of 63kph. Talking about the price difference, the Chetak 3503 is about Rs 20,000 more affordable than the 3501 variant. Features-wise, the bike gets a full-metal body and, a colour LCD screen with basic Bluetooth functions. The e-scooter also takes a bit longer to charge — reaching 80 per cent in 3 hours and 25 minutes, compared to 3 hours for the other Chetak 35 variants. Unlike its siblings, it misses out on sequential indicators and swaps the front disc brake for a drum unit, and hill hold assist. It also offers two riding modes - Eco and Sports. The new Bajaj Chetak 3503 is offered in four colour options – Indigo Blue, Brooklyn Black, Cyber White, and Matt Grey. Discover everything about the automotive world at Times of India .
News18
28-04-2025
- Automotive
- News18
Bajaj Chetak 3503 Launched In India, Price Starts At Rs 1.10 Lakh
Last Updated: The vehicle has already reached to the authorised dealership across the country. Interested customers can visit one and purchase the latest offering. After sucesfully launching the all-new Chetak 35 series, the leading two-wheeler maker Bajaj has added the most affordable trim in the range. It has been released at the starting price of Rs 1.10 lakh. The vehicle has already reached to the authorised dealership across the country. Interested customers can visit one and purchase the latest offering. The newly launched variant comes with the same battery pack, featuring the new chassis, bold style statement and striking design. The company did not touch the roots or DNA, as it offers the same basic architecture as any other 35 variants in the family. It uses a 3.5 kWh battery, allowing the customers to enjoy a claimed range of 155km. To make it superior in the segment, the EV offers an impressive 35 litres of boot space, the same as the top variant. However, the entry-level trim lacks speed as it can only reach at 63kph, lower than other trims in the range. When it comes to the top elements, Chetak 3503 comes with a Bluetooth-enabled colour LCD, which allows the customers to have acess to all the important details. The other notable features include two riding modes, a comfortable single seating arrangement with grab handles for pillion, hill-hold assist, among others. First Published:
