Bajaj Auto Ltd has announced an investment of ₹300 crore ($40 million) and commenced work at a brand-new unit at Akurdi in Pune, Maharashtra for manufacturing Electric Vehicles.
This unit will have a production capacity of 500,000 EVs per annum.
Rajiv Bajaj, MD, 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 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,” he said.
“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….should leapfrog us into a market leading position in EVs in India and overseas,” he added.
The new unit will have robotic and automated manufacturing systems for everything including logistics and material handling, fabrication and painting, assembly and quality assurance.
These systems have been designed for flexible product mix, while keeping in mind the best worker ergonomics and maximum process efficiency.
It is spread over half a million sq. feet and will employ 800 personnel. The investments made by Bajaj Auto will be supplemented by a number of vendors, who will invest a further ₹250 crore ($33 million).
The first vehicle from this unit is expected to roll out by June 2022.
This new EV manufacturing unit is co-located with Bajaj Auto’s R&D centre to foster greater collaboration, leading to faster time-to-market. It is expected to transform Bajaj Auto’s Akurdi facility into a hub for design, development and manufacturing of a complete range of Electric Vehicles, the company said.