Bajaj Auto Accelerates into Electric Three-Wheeler Market, Sells 1,232 Units in November

Bajaj Auto's foray into the electric three-wheeler market commenced in June 2023 with the launch of two products—the Bajaj RE E-Tec 9.0 passenger electric vehicle (EV) and the Maxima XL Cargo E-Tec 12.0.

Bajaj Auto, a dominant player in India's internal combustion engine (ICE) three-wheeler market, is gaining popularity in the electric three-wheeler market. The company reported the sale of 1,232 units of its electric three-wheelers in November, marking a noteworthy 42% month-on-month surge compared to the 868 units sold in October 2023.

According to retail data sourced from Vahan, Bajaj Auto in India has achieved impressive sales figures in the electric three-wheeler category. From June to the end of November 2023, the company sold a total of 3,314 units, with the highest monthly sales recorded in November.

During this period, Bajaj Auto secured the eighth position among 485 players in the market, securing a 2.29% market share for the month. This surge indicates a growing demand for Bajaj's zero-emission three-wheelers in the Indian market.

Bajaj Auto's foray into the electric three-wheeler in India market commenced in June 2023 with the launch of two products—the Bajaj RE E-Tec 9.0 passenger electric vehicle (EV) and the Maxima XL Cargo E-Tec 12.0.

Bajaj RE E-Tec 9.0

Specifications of Bajaj RE E-Tec 9.0

• Battery: Powered by an 8.9 kWh battery
• Range: 178 km on a single charge
• Top Speed: 45 km/h
• Transmission: Equipped with a two-speed automatic transmission
• Charging Time: Approximately 4.5 hours for a full charge
• Tires: 120/80-R12 radials
• Price: Rs 306,550 (ex-showroom Agra) after the FAME II subsidy

Maxima XL Cargo E-Tec 12.0

The latest addition to Bajaj Auto's electric fleet is the Maxima XL Cargo E-Tec 12.0, designed specifically for efficient cargo transportation.

Specifications of Maxima XL Cargo E-Tec 12.0

• Power Output: 5.5 kW
• Torque: 36 Nm
• Battery Type: Lithium-ion (LFP)
• Battery Capacity: 11.8 kWh
• Range: Impressive 183 km per charge
• Top Speed: 40 km/h
• Charging Time: Full charge in 5 hours 40 minutes; 80% charge in four hours
• Suspension: Twin shock absorbers in the front; independent trailing arm with helical spring at the rear
• Tires: 130/80-R12 tubeless radial tires
• Additional Features: A regenerative braking system that enhances energy efficiency and a hill-hold assist for improved control during ascents and descents.

The Maxima XL Cargo E-Tec 12.0 caters to businesses and logistics providers who require reliable and eco-friendly cargo solutions. With its extended range, it can efficiently cover longer distances without compromising on performance. Whether last-mile deliveries or intra-city logistics, this electric cargo three-wheeler is up to the task.

Also Read: Electric 3-Wheelers Market Thrives as Mahindra Last Mile Mobility Leads with 9% Share

Bajaj Auto provides the Maxima XL Cargo E-Tec 12.0 with a 36-month warranty of up to 80,000 km, ensuring peace of mind for commercial users. Priced at Rs 377,391 (ex-showroom Pune) after the FAME II subsidy, this cargo champion is set to transform urban logistics and contribute to a greener future.

With its combination of power, range, and cargo-friendly features, the Bajaj Maxima XL Cargo E-Tec 12.0 aims to redefine the standards for electric cargo three-wheelers in India, providing an eco-friendly and efficient solution for last-mile deliveries.

Bajaj Auto’s commitment to sustainable mobility and its successful entry into the electric three-wheeler market position it as a key player in India’s evolving automotive sector. As demand continues to rise, the company’s innovative electric models are poised to make further inroads in the coming months.

Bajaj Auto's strategic entry into the electric three-wheeler market aligns with the company's commitment to sustainable and eco-friendly mobility solutions. The recent surge in sales is indicative of a growing acceptance and demand for electric three-wheelers, with Bajaj Auto well-positioned to be a key player in this transformative shift towards greener transportation options.