Rajiv Bajaj, Managing Director, Bajaj Auto Limited, underscored the importance of speed, innovation and decisive execution in the electric mobility transition while addressing the fifth annual convocation of Mahindra University, highlighting how these principles have helped position Bajaj Auto as India’s largest electric vehicle company by volume.
Reflecting on the company’s evolution from a scooter-focused manufacturer to a global two and three-wheeler major, Bajaj said the company’s annual production is set to exceed three million scooters, motorcycles and three-wheelers, with exports reaching 108 countries. He noted that electric vehicles now account for 30% of Bajaj Auto’s domestic sales, meaning one in every three Bajaj vehicles sold in India is electric.
Emphasising the need for bold decision-making in a rapidly evolving industry, Bajaj said, “The cost of being late to market far exceeds the cost of being wrong,” urging future leaders to embrace calculated risks rather than wait for perfect certainty. He attributed Bajaj Auto’s growth to a relentless pursuit of excellence, saying the organisation succeeded because everyone was aligned towards the same goal.
Concluding his address, Bajaj encouraged graduates to build careers around five enduring principles: improve, excel, align, develop and adapt, describing adaptability as the defining leadership trait in an Al-driven and technology-led future.
Frequently Asked Questions
- 1. How dominant is Bajaj Auto in India’s EV market, and what key product drives this presence? Bajaj Auto is India’s largest electric vehicle company by volume, with electric vehicles accounting for 30% of its domestic sales—meaning 1 in every 3 Bajaj vehicles sold in India is electric. This transition is led by its flagship electric scooter brand, the Bajaj Chetak.
- 2. What electric scooter models are available in the Bajaj Chetak portfolio, and what is their price range? The Bajaj Chetak lineup features several variants tailored to different user needs, priced between ₹96,504 and ₹1.57 Lakh (ex-showroom):
- Chetak C2501: Entry-level daily commuter model.
- Chetak C3001: Mid-range balanced urban scooter.
- Chetak C3503: High-utility variant featuring a 35-litre under-seat boot.
- Chetak C3501 / C3502: Tech-focused premium variants with touchscreen displays.
- 3. What are the battery specs, top speeds, and range (in km) offered across Chetak models? The Chetak lineup is equipped with battery capacities ranging from 2.5 kWh to 3.5 kWh, offering the following performance metrics:
- Riding Range: ARAI-claimed 113 km to 153 km on a single full charge (depending on the battery capacity).
- Top Speed: Ranges from 55 km/h on entry variants up to 73 km/h on higher-end models.
- 4. What is Bajaj Auto’s total global scale of production and market reach? Evolving from a scooter-focused manufacturer into a global two- and three-wheeler powerhouse, Bajaj Auto’s overall annual production is set to exceed 3 million units, with exports spanning across 108 countries worldwide.
- 5. What leadership principles and decision-making philosophies drive Bajaj Auto’s electric strategy? Managing Director Rajiv Bajaj attributes their EV success to speed, innovation, and bold execution, stating that “the cost of being late to market far exceeds the cost of being wrong.” Furthermore, he emphasizes five enduring principles for long-term growth: improve, excel, align, develop, and adapt.
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