Bajaj Auto Ltd noticed a 68% development within the gross sales of its compressed pure fuel (CNG) bike, the Freedom 125, throughout the month of October 2024 until date as in comparison with September, in keeping with a Enterprise Commonplace report which cited VAHAN knowledge.
The 8,310 models registered is the best quantity of gross sales the Freedom (which is India’s first CNG-powered manufacturing bike) has seen after its launch in July this yr(Bajaj Auto)
The 8,310 models registered is the best quantity of gross sales the Freedom (which is India’s first CNG-powered manufacturing bike) has seen after its launch in July this yr, in keeping with the report.
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Bajaj can be planning to ramp up wholesale dispatches to 30,000 models within the third quarter of this monetary yr and by as much as 40,000 models within the fourth quarter, the report learn.
That is very true for the bottom mannequin which is priced at ₹95,055 (common ex-showroom) as in comparison with the top-spec mannequin which prices ₹ 1,10,055, in keeping with Bikewale figures.
The report added that the mannequin accounted for 1.3% of all of the two-wheelers registered in Delhi in September whereas nationally, it has a share of 0.6%. Its high markets for the time being embody Delhi, Maharashtra, Madhya Pradesh and Haryana.
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The Freedom 125’s market share would mirror that of electrical two-wheelers, the report quoted Rakesh Sharma, vice-president at Bajaj Auto as saying. The Freedom nevertheless, has a main benefit in distinction to electrical autos. It is small two litre petrol tank gives aid from vary anxiousness in case a CNG filling station is not obtainable close by.
In the intervening time, there are greater than 4,650 CNG stations throughout greater than 365 cities throughout India, the report learn.
The report additionally cited analysts at brokerage Anand Rathi as projecting gross sales of the bike to hit 2,40,000 within the monetary yr 2024-25, making up 6% of all home two-wheeler gross sales.
Although the Freedom would not have a direct competitor for the time being, TVS had introduced earlier that they’d enter the phase, however nothing has been seen thus far.
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