Take the pledge to vote

For a better tommorow#AajSawaroApnaKal
  • I agree to receive emails from News18

  • I promise to vote in this year's elections no matter what the odds are.
  • Please check above checkbox.


Thank you for
taking the pledge

Vote responsibly as each vote counts
and makes a diffrence


Issued in public interest by HDFC Life. HDFC Life Insurance Company Limited (Formerly HDFC Standard Life Insurance Company Limited) (“HDFC Life”). CIN: L65110MH2000PLC128245, IRDAI Reg. No. 101 . The name/letters "HDFC" in the name/logo of the company belongs to Housing Development Finance Corporation Limited ("HDFC Limited") and is used by HDFC Life under an agreement entered into with HDFC Limited. ARN EU/04/19/13618
News18 » Auto
2-min read

Over-Regulated Market is Pushing Up Two-Wheeler Prices: Bajaj Auto

Bajaj Auto recently launched the electric variant of its iconic 'Chetak' scooter, starting from Rs 1 Lakh.


Updated:January 16, 2020, 4:39 PM IST
facebookTwitter Pocket whatsapp
Over-Regulated Market is Pushing Up Two-Wheeler Prices: Bajaj Auto
Bajaj Chetak Electric. (file photo)

Bajaj Auto managing director Rajiv Bajaj on Tuesday said that an "over-regulated" market has pushed up two-wheeler prices which would increase by around 30 per cent in a one-and-half-year period. Speaking at the launch of the electric version of the iconic Chetak scooter, Bajaj also pitched for lowering of GST rates. The market is "over-regulated", which has led to an increase in the two-wheeler prices, Bajaj said. The hike in prices would be about 30 per cent in one-and-a-half years, he said while referring to the impact of the implementation of new emission norms. Automakers have stated that BS-VI models would carry a higher price tag compared to BS-IV vehicles.

Earlier, the Pune-based automaker announced the formal launch of its much-awaited Chetak electric scooter, at a starting price of Rs 1-lakh. It also announced the bookings, online and through select KTM stores, for the new vehicles from January 15 and deliveries from February-end. Bajaj also said that while the government has announced GST on electric vehicles at 5 per cent, the vehicles with combustion engine continue to attract 28 per cent and it to be lowered to 18 per cent. He also said he was not expecting much in the forthcoming union budget which could address the current issues industry is facing.

The electric variant of the iconic Chetak will initially be available in Pune and Bengaluru, it said. "The return of the legendary Chetak now in a modern electric avatar is indeed a proud moment for all of us. From January 15 onwards Chetak will be available in two cities and this will mark the commencement of a new era in two-wheeler mobility," Rakesh Sharma, Executive Director, Bajaj Auto said.

The automaker had unveiled Chetak last October. The company said the electric scooter will be available in two variants, Urbane and Premium. While Urbane edition with drum brakes will be priced at Rs 1-lakh, the Premium edition with disc brakes and luxury finish will be priced at Rs 1.15 lakh, it said, adding, both prices are ex-showroom and inclusive of applicable subsidies, and exclusive of insurance and road tax, the company said. To provide a seamless and convenient booking experience, customers can book the vehicle online on the Chetak website at an initial amount of Rs 2, 000, the company stated.

According to Bajaj Auto, Chetak needs minimal maintenance with a service interval of 12,000 kilometres or one year (whichever is earlier) and comes with an overall warranty of 3 years or 50,000 kilometres (whichever is earlier) inclusive of the Lithium-Ion battery. "Our objective is to provide an attractive and viable option to commuters with different needs and expectations through the Chetak range. To achieve this, we have offered a highly advanced and elegant looking electric scooter at an affordable price," Sharma added.


Get the best of News18 delivered to your inbox - subscribe to News18 Daybreak. Follow News18.com on Twitter, Instagram, Facebook, Telegram, TikTok and on YouTube, and stay in the know with what's happening in the world around you – in real time.

| Edited by: Chhavianshika Singh
Read full article
Next Story
Next Story

facebookTwitter Pocket whatsapp

Live TV

Countdown To Elections Results
To Assembly Elections 2018 Results