Bajaj Auto to Launch E-Rickshaw by End of FY25, Entering a Fast-Growing Market

Key Highlights:

• Bajaj Auto to launch e-rickshaw by FY25 end.
• Regulatory approvals are expected by the ongoing quarter’s end.
• The e-rickshaw market sees 45,000 units sold monthly.
• The company aims to bring quality and reliability to the segment.
• Strong sales scale-up expected in early FY26.

Bajaj Auto, one of India's leading automobile manufacturers, is set to enter the domestic e-rickshaw market by the end of this fiscal year. The company sees a significant opportunity in this rapidly growing but largely unorganized sector.

Bajaj Auto’s Executive Director, Rakesh Sharma, confirmed that the company is expecting to receive regulatory approvals by the end of the ongoing quarter. This will enable the brand to introduce its new e-rickshaw, a modern electric vehicle designed to set new standards in the segment.

E-Rickshaw Launch Timeline

Sharma stated, "We expect to launch the e-rick by the end of this quarter, likely by the end of the FY25 fiscal. If all permissions are secured in time, sales may begin in late March or early April."

The e-rickshaw market in India is estimated at around 45,000 units per month. Despite its potential, the sector is highly fragmented, with many low-quality and import-dependent products. Bajaj Auto aims to change this by introducing a high-quality, reliable alternative.

Why Bajaj Auto is Entering the E-Rickshaw Market

According to Sharma, almost 50% of India’s three-wheeled mobility market consists of e-rickshaws, with strong demand in northern and eastern India, and some presence in the west.

"The e-rickshaw segment is nearly as large as the auto-rickshaw segment. By launching our own e-rick, we aim to organize this market and create fresh business opportunities," he said. Bajaj Auto expects a significant scale-up in sales during the first quarter of the new financial year.

Also Read: Madhya Pradesh to Introduce 552 Electric Buses in Six Cities

CMV360 Says

With its upcoming e-rickshaw launch, Bajaj Auto is assured for strong growth in the EV market. The company’s focus on quality, innovation, and expanding its market presence is expected to bring positive changes to India's evolving electric mobility sector.