Bajaj Auto to unveil world's first CNG-powered bike this year

The Bajaj Auto MD said that the CNG-powered bike is ‘potentially fantastic’ for the environment

Published on: Mar 9, 2024, 10:37:07 IST

By HT News Desk

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Bajaj Auto is developing world's first CNG-powered motorcyle and was set to launch it next year. The two-wheeler giant's managing director Rajiv Bajaj has said that the company has advanced the launch to next quarter, CNN-News 18 reported.

In an interview to the channel, Bajaj cited that the motivation for a CNG bike is from the point of view of the environment. He added that as compared to a gasoline bike, the carbon dioxide is down by almost 50 per cent, carbon monoxide is down by 75 per cent and non-methane hydrocarbons are down by 90 per cent.

ALSO READ: Economic survey: EVs increase from 34,000 to 144k in 1 year in Delhi

The Bajaj Auto MD said that the CNG-powered bike is ‘potentially fantastic’ for the environment. He drew cues from Hero Honda's strategy of doubling mileage or to halve the cost of fuel for the citizens.

However, Bajaj said that the users should not have their expectations high as there will be only one launch this year, adding that the company is focused on getting ‘the basics’ right.

Bajaj Auto's total two-wheeler sales for the month rose 25% to 294,684 units, Reuters reported.

Recently, Bajaj Auto had announced that it invested an additional ₹45.75 crore in electric bike-sharing platform Yulu Bikes. Post the fresh investment, the company's shareholding in Yulu Bikes stands at 18.8 per cent of the paid up equity share capital of the electric bike-sharing platform, Bajaj Auto said in a regulatory filing.

In 2019, Bajaj Auto announced an investment of USD 8 million (around ₹66 crore) in Yulu to boost electric vehicle adoption in India.

Passenger vehicle market to grow by 9% this fiscal, claims ratings firm

The domestic passenger vehicle (PV) market is estimated to grow by six to nine per cent in the current financial year over the preceding fiscal, according to ratings firm ICRA.

In absolute terms, the PV industry will clock a sales figure of 4.2 million units in the current fiscal, PTI quoted the ICRA data.

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HT News Desk
Follow the latest breaking news, major developments and agenda-setting stories from India and around the world with the newsdesk at Hindustan Times. Operating round the clock, the desk brings together experienced editors, reporters and correspondents to deliver fast, accurate and contextual reporting across subjects that influence public policy, governance, business, society and international affairs. The HT News Desk covers politics, elections, government policies, the economy, business and markets, science and technology, the environment, law and order, infrastructure, education, climate issues and geopolitics, while closely tracking developments across states, institutions and global capitals. The team also leads coverage of major breaking news events, policy announcements, court proceedings, natural disasters, public emergencies and significant international developments. Reports published by the newsdesk are based on information gathered from reporters on the ground, official statements, government agencies, court records, regulatory filings, recognised institutions and other authoritative sources. Stories undergo editorial scrutiny and verification processes to ensure accuracy, fairness and relevance, and are updated as events evolve and additional information becomes available. Whether covering a key political decision in New Delhi, an economic policy shift affecting millions, a landmark court ruling or a major global event, the HT News Desk aims to provide readers with reliable, fact-based journalism that delivers not only the latest developments but also the context and analysis needed to understand their wider implications.Read More

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