bajaj auto anticipates minimal impact on demand from the price increase it would be implementing on its vehicle offerings in aprilbajaj auto will finally unveil its first threewheeled electric vehicle in april 2023 the product will be introduced for both the passenger and cargo vehicle categories but will initially only be made accessible in a select number of locations since the business intends to roll out the product graduallywe will start the sales in april for cargo and passenger electric threewheeler vehicles there will be a limited launch as we want to take it step by step as it is very important to give a stable product to the commercial user said rakesh sharma executive director of bajaj auto the business originally intended to introduce electric threewheelers last year but it postponed it due to user safety concerns advt the fame approval and arai certification has been done there will be limited dispatches in the next couple of weeks the dealerships are being prepared and the training is underway sharma addedaccording to an icra report the prevalence of electric threewheelers in india would rise from 8 to between 14 and 16 by fy25 the rating agency predicts that as the product acquires greater popularity and problems connected to financing recede the penetration will increase to 3540 by fy30as of q3 fy23 bajaj auto has a 76 market share for threewheelers to compete with competitor mahindra mahindra which is now the market leader in the electric threewheeler sector it lacked an electric product in its lineupbajaj auto anticipates minimal impact on demand from the price increase it would be implementing on its vehicle offerings in aprilwe are looking not just at the obd 2 norms but also checking the expected raw material cost increases the prices will go up but i do not expect the demand to be hurt it will not impact the top half of the segment even in the bottom half it will have a very marginal impact sharma saidread alsogovt sanctions rs 800 cr for installing 7432 ev fast charging stationsgentari signs mous with moeving gati for ev supplies through vehicle as a service offeringdaimler trucks newgen cvs to run on operating system designed in bengaluruhealthy growth in the indian commercial vehicle market to continue apollo tyres chief etauto published on apr 3 2023 at 0835 am ist telegram facebook copy link be the first one to comment comment now comments comment now read comment 1 all comments post post find this comment offensive choose your reason below and click on the submit button this will alert our moderators to take actions reasons for reporting foul language defamatory inciting hatred against a certain community out of context spam others report join the community of 2m industry professionals subscribe to our newsletter to get latest insights analysis download etauto app get realtime updates save your favourite articles scan to download app bajaj auto fame icra arai ev three wheeler electric 3wheeler ev and future mobility