Bajaj Auto is all set to set up an electric vehicle manufacturing facility at Akurdi in Pune with an investment of Rs 300 crore. The facility, for which the work has already commenced, will have the capacity to produce 5 lakh Electric Vehicles (EVs) per annum and cater to both domestic and exports markets.
The first vehicle from the new unit, spread over half-a-million square feet space, is expected to be rolled out by June 2022. The unit will employ around 800 personnel. Akurdi is the site of the original Chetak scooter factory. The new unit will have cutting-edge robotic and automated manufacturing systems for everything, including logistics and material handling, fabrication and painting, assembly and quality assurance.
Bajaj Auto is world’s fourth largest two and three-wheeler manufacturer. Bajaj Auto has three plants in all, two at Waluj and Chakan in Maharashtra and one plant at Pant Nagar in Uttaranchal.
Company Name | CMP |
---|---|
Bajaj Auto | 8948.05 |
Hero MotoCorp | 4487.75 |
TVS Motor | 2017.00 |
Eicher Motors | 4593.50 |
Atul Auto | 527.25 |
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