Chetak EV domestic sales grow over 4-fold to 36,260 units: Bajaj Auto
Bajaj Auto's domestic sales of its electric scooter Chetak grew over four-fold to 36,260 units in FY23, with the easing of global semiconductor shortage, according to the company's latest annual report.
In FY22, Chetak electric scooter clocked sales of 8,187 units, as per Bajaj Auto's Annual Report for 2022-23.
"The global semiconductor shortage that affected the industry, right up to the first quarter of FY2023 also affected the Chetak. Thus, despite market demand, Bajaj Auto could not produce the quantities needed right up to the end of Q1 FY2023," it said.
Thereafter, Bajaj Auto said, "the supply-side constraints eased, and we increased the manufacturing of the Chetak".
The iconic brand Chetak was re-introduced in the market as an electric scooter in FY2021. In the year ended March 2021, domestic sales of Chetak EV were at 1,395 units.
The Chetak is currently sold through 105 dealers present across 84 cities, the report said.
In his address to shareholders, Bajaj Auto Chairman