Bajaj Auto
Bajaj Auto regains the lead in February 2025 electric two-wheeler sales, according to GaadiWaadi.com.
Bajaj Auto has reclaimed its top spot in the February 2023 electric two-wheeler (2W) sales in India, according to recent reports by GaadiWaadi.com. This achievement solidifies the company’s position as a leader in the electric 2W segment, which has gained immense popularity in recent years.
Bajaj Auto clinched the top spot by selling 12,457 units of its electric 2Ws, including the Chetak and the Omni, in the month of February 2023. These numbers surpass those of its competitors, such as TVS and Hero, in the electric 2W segment.
The Chetak, which was launched in 2021, has been a major contributor to Bajaj Auto’s success in the electric 2W market. This scooter has received positive reviews from customers and critics alike, with its quality, performance, and design being praised. The company has also expanded its product portfolio to include the Omni electric scooter, which has also received a warm welcome in the market.
Bajaj Auto’s success in the electric 2W segment can be attributed to its early mover advantage, robust distribution network, and aggressive marketing strategy. The company has been an early adopter of electric 2Ws and has a strong presence in the market. This has enabled it to establish itself as a leader and capitalize on the increasing demand for eco-friendly and cost-effective mobility solutions.
The company’s focus on innovation, quality, and customer experience has also played a significant role in its success. Its electric 2Ws, such as the Chetak and the Omni, are designed to cater to the needs of urban commuters, offering a range of features that enhance their overall mobility experience. These features include a comfortable ride, easy maneuverability, and sleek design.
The success of Bajaj Auto in the electric 2W segment is a significant milestone in the Indian automotive industry, which has seen rapid growth in recent years. As the demand for electric vehicles continues to rise, leading manufacturers like Bajaj Auto will need to innovate and adapt quickly to changing market trends and consumer preferences to maintain their market position.
In conclusion, Bajaj Auto’s reclaiming of the top spot in the February 2023 electric 2W sales in India is a significant achievement that underscores the company’s commitment to innovation, quality, and customer satisfaction. As the electric 2W market continues to grow, Bajaj Auto will need to maintain its focus on delivering high-quality products and services to maintain its market leadership position.
Bajaj Auto Names Baminee Viswanat as General Counsel, Bringing 32 Years of Legal Expertise to the Role
Bajaj Auto, a leading two-wheeler and three-wheeler manufacturing company in India, has appointed Baminee Viswanath as its new General Counsel. This appointment is a strategic move to strengthen the company’s legal framework and governance. Viswanath brings with him a rich experience of 32 years in the legal profession, having worked with various top-tier law firms and companies.
With this appointment, Viswanath will be responsible for providing strategic legal guidance to the company’s leadership team, board of directors, and senior management. He will oversee all legal matters, including contract negotiations, corporate governance, intellectual property, and dispute resolution. His extensive experience will be instrumental in maintaining the company’s reputation, preserving its brand value, and ensuring compliance with regulatory requirements.
Throughout his illustrious career, Viswanath has worked with some of the most prominent law firms in the country. He has a proven track record of successfully advising clients on complex legal issues, negotiating contracts, and litigating commercial disputes. His expertise in corporate law, mergers and acquisitions, and regulatory compliance will be invaluable to Bajaj Auto as the company continues to grow and expand its global presence.
Viswanath’s appointment also marks a significant milestone for the company, as it looks to continue its growth trajectory in a rapidly changing market. The company’s efforts to strengthen its legal framework and governance will be guided by Viswanath’s expertise, ensuring that the company remains on a path of sustained success and profitability.
In a statement, the company announced that Viswanath’s appointment is a strategic move to build a strong and robust legal framework that is aligned with the company’s values and objectives. The company is committed to providing high-quality products and services to its customers, and Viswanath’s expertise will play a crucial role in achieving this goal.
In conclusion, Bajaj Auto’s appointment of Baminee Viswanath as its new General Counsel is a significant development that demonstrates the company’s commitment to strengthening its legal framework and governance. With his 32 years of experience and expertise in corporate law, Viswanath is well-equipped to provide strategic legal guidance to the company’s leadership team and senior management. His appointment is expected to have a positive impact on the company’s performance and growth, as it looks to maintain its market position and continue to deliver value to its customers.
Bajaj Auto May Infuse a whopping ₹1,360 Crore into KTM
Bajaj Auto is set to inject additional funding of around Rs 1,360 crore into KTM, a financially struggling European motorcycle brand. The Indian company holds a 49.9% stake in Pierer Bajaj AG, which controls 75% of Pierer Mobility AG, the owner of KTM motorcycles. This move comes after KTM announced it needed emergency funding to stay afloat in November. The additional funding will be used to shore up KTM’s finances in Europe.
The exact terms of the investment are unclear, but it is likely to be used to keep KTM’s operations running smoothly. This investment may not make Bajaj Auto the majority stakeholder in KTM, as the current partner promoter, Stefan Pierer, may also invest an equivalent amount to maintain his stake.
KTM has been facing financial difficulties, with its European operations unsustainable in their current form. The company has acknowledged that it needs to be put on a “stable operational and financial basis.” Under its current owners, KTM has grown significantly, becoming Europe’s largest motorcycle manufacturer in the 2010s. The company has a strong presence in off-road and street motorcycles, with a successful history in motocross and enduro racing.
The investment by Bajaj Auto is expected to help KTM continue to operate, particularly in Europe, where the company has a significant presence. As a strategic partner, Bajaj Auto has a manufacturing and marketing agreement with KTM, making it essential for the company’s continued operation in India. The partnership has been successful, with KTM producing popular models like the Duke series in India.