ICE, CNG, EV & ethanol will co-exist; Bajaj Auto wants to maintain agility to toggle between fuel systems: Rakesh Sharma
Rakesh Sharma, Executive Director at Bajaj Auto, emphasizes that there is no single solution to industry challenges. Instead, a mix of gasoline, CNG, EVs, and potentially ethanol, supported by government initiatives, will coexist. He highlights the success of their Freedom 125 CNG bike, which has been well-received for its fuel savings, comfort, and stylish design. Despite Bajaj Auto’s stock reaching new highs, Sharma remains focused on addressing core business priorities.
Rakesh Sharma, ED, Bajaj Auto, says there is no silver bullet that will solve all problems, on the government, society, and consumer fronts. To address these use cases, we will have the coexistence of ICE or let us say gasoline, CNG, and EV. Ethanol is also on the horizon.
If there is a significant push from the government, that envelopes all the sugar factories, etc, and ropes them into this, then ethanol, which is a very big play in for example, a country like Brazil. We see all this combining to solve the issues with the society, the government and the customer are facing.
We want to maintain our agility to toggle between these fuel systems. Bajaj Auto stock is at an all-time high. Three-digit has become four-digit and now five-digit. Rakesh Sharma: Well, that is your perspective. I have got a whole lot of things to attend to. So, this is, not the first thing on my mind when I roll into office.
Happy feeling, right? It is a happy feeling that you cannot deny.Rakesh Sharma: Of course, of course, for all of us. It is a matter of pride. And so has been the case with your CNG bike as well. We hear that already two months into it and it is a big hit, Freedom 125.
Any numbers you can share with us? Rakesh Sharma: It has been received very well. What is most delightful is whatever has been designed as the delivery has been almost exactly as per the design. The customers are experiencing significant saving on their fuel bills, they are finding it very convenient and comfortable to ride because of the long seat and the suspension.
They are feeling very reassured about the bi-fuel technology which gets them a 300 kilometre plus range. The toggling between CNG and petrol has been almost friction-free free and on top of all this, the styling is very well appreciated and it is a standout styling. So, on all those parameters, we have been talking to the first thousand customers in-depth and we have received very good feedback from them.
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