Bajaj Auto to ride into e-rickshaw segment by end of FY25

Bajaj Auto is gearing up to enter the domestic e-rickshaw segment by the end of this fiscal to tap a 'sizable opportunity' in a fast-growing but highly unorganized market, according to a top company official.

- PTI

The company expects to get regulatory clearances towards the end of the ongoing quarter for its e-rickshaw that will enable it to enter the segment, which is about 45,000 units a month, Bajaj Auto executive director Rakesh Sharma told analysts.

"By the end of this financial year, we also intend to launch a modern 'e-rick,' which will set an absolutely new standard in the segment and bring a very high level of satisfaction to both owners and passengers."

The e-rick segment is almost as large as the auto segment and the new e-Rick should generate new business," he said.