Bajaj Auto plugs into electric three-wheeler growth story, sells 1,232 units in November

Bajaj Auto, which is the market leader in the ICE three-wheeler market in India and has sold 281,353 units in April-October 2023 (up 90%) and exported another 89,420 units, is slowly making gains in the electric three-wheeler market in India.

Having entered this fast-growing market in June with two products – the Bajaj RE E-Tec 9.0 passenger EV and Maxima XL Cargo E-Tec 12.0 – in June 2023, the company has sold a total of 3,314 units till end-November 2023 as per retail data sourced from Vahan. The highest monthly retails in the past six six months have come in November.  

With sales of 1,232 units, Bajaj Auto has taken eighth position in a field of 485 players and has a market share of 2.29% for the month. 

In November, Bajaj Auto sold 1,232 units, which is a 42% month-on-month increase over October 2023’s 868 units, indicating demand is growing at a rapid pace for the company’s zero-emission three-wheelers. Interestingly, for the month of November, Bajaj Auto is ranked eighth in a field of 485 players.

As per the company website, the Bajaj RE E-Tec 9.0 passenger-carrying e-three-wheeler, which is powered by an 8.9 kWh battery, has a range of 178km on a single charge, 45kph top speed and is equipped with a two-speed automatic transmission. This model, which develops 4.5 kW power and 36 Nm torque, takes 4-and-a-half hours for a full charge. Tyres are 120/80-R12 radials. It is priced at Rs 306,550 (ex-showroom Agra) after the FAME II subsidy.

Maxima XL Cargo E-Tec 12.0, which develops 5.5 kW power and 36 Nm, has a bigger battery and higher range of 183km per charge than passenger model
Image: Bajaj Auto

The cargo-transporting Bajaj Maxima XL Cargo E-Tec 12.0, which develops 5.5 kW power and 36 Nm torque, has a bigger lithium-ion (LFP) battery – 11.8 kWh – which gives it a higher range of 183km per charge. It has a 40kph top speed and takes 5 hours 40 minutes for a full charge, and 80% in four hours. Suspension duties are handled by twin shock absorbers with spring in front and an independent trailing arm with helical spring at the rear.

The Bajaj Maxima XL Cargo E-Tec 12.0 is shod with 130/80-R12 tubeless radial tyres. Other highlights are a regenerative braking system and hill-hold assist. Bajaj Auto is offering a warranty of 36 months / 80,000km on the cargo model which is priced at Rs 377,391 (ex-showroom Pune), after FAME II subsidy.

Images: Bajaj Auto

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