Bajaj Auto To Invest Rs. 650 Crore At Chakan For New Plant To Build KTM, Husqvarna & Triumph Bikes
Highlights
- Bajaj has signed an MoU with the Government of Maharashtra
- Bajaj will invest Rs. 650 crore to build a new plant in Chakan
- The facility is expected commence production in 2023
Also Read: Bajaj Auto Increases Prices Of The Pulsar Range In India
The new facility will also be used for building Bajaj's all electric scooter - Chetak, along with other premium bikes
Under the MoU signed by the Bajaj Auto and the Maharashtra government, the latter will facilitate the company in obtaining necessary permissions, registrations, approvals, clearances, fiscal incentives and more from the concerned departments of the state, as per the existing policies and rules and regulations. The proposed investment comes in the 75th year of the brand and will be big step in ramping up domestic and exports sales.
Also Read: Triumph, Bajaj Partner To Make Sub Rs. 2 lakh Motorcycle In India; To Arrive In 2022
Bajaj Triumph have also formed an alliance to build a mid-capacity motorcycle for India and other emerging markets
Bajaj Auto owns a significant stake in KTM AG and build the KTM and Husqvarna bikes in India up to 373 cc for the domestic and export markets. Earlier this year, the manufacturer signed an agreement with the UK's Triumph Motorcycles to collaborate and build new bikes for emerging markets. Moreover, the launch of the Bajaj Chetak sends the company in the right direction of electric mobility for the masses. The new plant with a larger production capacity, will further solidify the brand's global amibitions.
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