New Bajaj Chakan plant will roll out high-end motorcycles and scooters from premium brands like KTM, Chetak, Husqvarna and Triumph…
It is well known that Bajaj has announced a new plant at Chakan, in Pune. For this it has signed a Memorandum of Understanding with the Maharashtra Government. It must be known that this is a different facility from the existing one that is also functional in Chakan.
This will be the company’s most modern production facility that will be dedicated for premium and more complex motorcycles and scooters from KTM and Husqvarna. More importantly, the upcoming Triumph motorcycles will also be produced here. Additionally, Bajaj’s Chetak and other electric 2-wheelers will also be made here.
In a latest update, the company has outlaid its plan for this financial year. Bajaj has earmarked a capex of Rs 700-800 crores and is going ahead with the development of its new plant despite the uncertainties that lie ahead due to COVID. Though Soumen Ray, CFO of the company does accept that…
The pandemic has impacted its work a little
However, the company expects to commence production of motorcycles and scooters here by 2023.
Earlier in December 2020, Bajaj informed that this new Chakan plant will be completed with an investment of Rs 650 crores.
Bajaj has already announced its first motorcycle with Triumph and shockingly that will cost under Rs 2 Lakh! It was to be introduced next year, however, Rajiv Bajaj had hinted that it may get delayed to 2023 (more details).
Here are two opinions on Triumph’s upcoming models
Source – Moneycontrol