Bajaj Auto launches new Chetak 3503 at Rs 110,000

A few months after launching the all-new Chetak 35 series, Bajaj Auto has introduced the most affordable variant in its electric scooter line-up. The new Chetak 3503 is priced at Rs 110,000 and uses the same battery and new chassis as the more expensive models but gets fewer features. 

The Bajaj Chetak 3503 uses the same basic architecture as the other 35 variants, which means it houses a 3.5kWh battery delivering a claimed range of 155km.

Since it also uses the same chassis as the higher variants, the 3503 also gets a big 35-litre boot. However, unlike other variants, the Chetak 3503 has a lower top speed (claimed) of 63kph.

The feature set, too, is a little simpler on the new Chetak 3503. It uses a colour LCD display with basic Bluetooth connectivity, has a longer charging time (0-80 percent SOC takes three hours and 25minutes, compared to three hours on the other Chetak 35 models), doesn’t get sequential indicators, and has a drum brake at the front unlike the disc on the other two. At the same time, it isn’t completely barebones and has the same two riding modes (Eco and Sports), hill-hold assist and the full metal body that is a hallmark of the Chetak.  

With a price tag of Rs 110,000 (ex-showroom), the Bajaj Chetak 3503 sits comfortably below the 3502 (Rs 122,000) and 3503 (Rs 130,000). However, Bajaj Auto has still kept the 2903 variant, which comes with the smaller 2.9kWh battery and a 123km claimed range, on sale. Priced at Rs 98,498, it is currently the entry-level model in the Chetak line-up. Similarly-priced rivals to the Bajaj Chetak 3503 include the Ather Rizta S, Ola S1 X+ and TVS iQube 3.4.  

BAJAJ CHETAK PACKS A PUNCH IN FY2025
Bajaj Auto had an outstanding fiscal in FY2025. The consistent and strong growth all through the fiscal meant that Bajaj Auto registered record retails of 230,808 Chetaks in FY2025, up 116% (FY2024: 106,624 units), selling an additional 124,184 units to surpass the 200,000 milestone for the first time in a fiscal year.

This stellar performance saw the company’s e-2W market share nearly double to 20% from 11% in FY2024. The numbers kept improving quarter on quarter – Q1 (25,861 units), Q2 (53,794 units), Q3 (73,246 units), Q4 (77,905 units) – translating into an additional 124,184 Chetaks sold in FY2025 over FY2024. This is the highest additional volume sold by an e2W OEM in FY2025.

This consistently strong showing meant that Bajaj Auto was the No. 1 e2W OEM for three months. It took the crown for the first time ever time in December 2024, then in February 2025 and followed it up with best-ever monthly sales of 34,907 units in March 2025.

What helped accelerate sales, particularly in the last four months of FY2025, is the new 35 Series launched in December 2024. The 35 Series Chetak comprises three variants – 3501, 3502 and 3503 – and offers a higher range of 153km.

Bajaj Auto, which has been engaged in an intense battle for supremacy with legacy rival TVS Motor Co, is just 6,768 units behind the iQube manufacturer at the end of FY2025. The sales gap between these two OEMs in FY2024 was 76,565 units, which indicates just how rapid demand has been for the Bajaj Chetak.

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