CHETAK
EV makers turn to family scooters to drive mass-market adoption
Both new-age companies and legacy manufacturers expect mass-market buyers to drive the next phase of growth for electric two-wheelers. Ather Energy's Rizta, launched in April 2024 as its first family-oriented electric scooter, has crossed 3 lakh in cumulative sales and accounted for 76% of the company's volumes in FY26.
Railways adds 9,638 wagons to contracts worth Rs 3,925 crore
Indian Railways is increasing its wagon procurement by 24.57% through additional orders from five suppliers. The incremental orders amount to approximately ₹3,925.41 crore and include 9,638 wagons. These wagons are intended for bulk commodities and will be supplied by June 2027. Suppliers involved in this contract include Titagarh Wagons, Jupiter Wagons, and Texmaco Rail & Engineering.
Jupiter Wagons bags Rs 324 crore orders from GATX India and Chetak International
Jupiter Wagons Ltd has obtained private sector orders worth over Rs 324 crore for automobile carrier wagons. GATX India issued a Letter of Intent for 10 rakes valued at Rs 214.94 crore. Chetak International placed an order for five rakes worth Rs 109.10 crore. The company highlights strong demand for its new ACT2 wagon platform among private operators.
NBCC to build world's largest Maharana Pratap statue in Rajasthan's Haldighati
NBCC Ltd will create the world's tallest statue of Maharana Pratap in Haldighati, Rajasthan. The project is part of a Rs 168 crore tourist circuit to promote the region's historical significance. A world-class museum will showcase the legendary warrior and his horse, Chetak. An immersive projection show will highlight the historical events from the Battle of Haldighati. The circuit aims to enhance Haldighati's appeal as a heritage and tourism destination.
Electric two-wheeler sales hit record 2.24 lakh units in October on festive demand, new models
TVS Motor retained its leadership in October, nearly doubling registrations to 60,433 units and expanding its market share to 27% from 20.6% in the same month last year. Hero MotoCorp also gained ground, with its share rising to 13.4% from 10.9%, while Bajaj Auto maintained its market share at nearly 22%.
TVS Motor to make 80,000 electric two-wheelers a month as EVs capture over 20% of India's scooter market
TVS Motor Company plans to raise its electric two-wheeler manufacturing capacity to 80,000 units per month by March 2027 as sales surge and demand for electric scooters grows. The company's EV sales more than doubled in the second quarter, while rivals Bajaj Auto and Ather Energy are also expanding production to meet rising demand.
- Go To Page 1
Bajaj Auto Q2 net profit up 35% on strong exports, product mix
Bajaj Auto reported a 35% increase in standalone net profit for the September quarter. Revenue from operations rose to a record ₹20,003 crore, fueled by an increase in exports. The company also managed to counter rising input costs through strategic price adjustments and a richer product mix. Electric vehicle sales, including the Chetak scooter, contributed to the profitability amid varying performance in the domestic market.
Bajaj Auto CFO flags production crunch for electric two-wheelers and three-wheelers
Bajaj Auto is currently experiencing significant demand for its electric two-wheelers and three-wheelers. Despite these constraints, electric vehicles contributed greatly to the company's growth this quarter. The electric portfolio's revenue grew substantially, indicating a shift in consumer preference towards these vehicles. Bajaj plans to enhance its production capacity to meet this rising demand and address supply challenges.
Bajaj Auto Q2 Results: Profit jumps 35% YoY to Rs 3,354 crore; revenue up 34%
Bajaj Auto Q2 Results: Revenue grew 34% YoY to Rs 20,003 crore for the first time, doubling over the past three years. The company also reported EBITDA exceeding Rs 4,000 crore, a rise of over 37% from the year-ago period.
HAL, BEL, Paras Defence, other stocks rise up to 4% after DAC clears proposals worth Rs 2.12 lakh crore
India’s Defence Acquisition Council approved defence procurement proposals worth ₹2.12 lakh crore, with 82% expected from domestic industry. The clearances cover helicopters, drones, air-defence systems, artillery and naval platforms, supporting military modernisation. Defence stocks may gain investor attention, while indigenous manufacturing, rising capital expenditure and policy support strengthen long-term sector growth prospects.
Drones, guns, helicopters: DAC clears Rs 2.12 lakh crore defence buys
On October 26, the Defence Acquisition Council granted Acceptance of Necessity for various capital acquisition proposals. The total worth of these proposals is approximately Rs 2,12,000 crore for the armed forces. A significant portion, about 82%, will be sourced from the Indian industry to promote domestic procurement. The approved procurements encompass a diverse array of platforms and weapons for all three armed forces.
5 stocks with consistent score improvement and upside potential of up to 30% in 1 year, according to analysts
When the profit a company is expected to earn gets marked down, the price the market will pay for its stock has to come down too. That has not quite happened, which is why valuations are still high in many parts of the market. So, don’t assume all the damage is already done just because the market has had a few bad days.
Will analysts' predictions go wrong? 15 auto stocks with upside potential of up to 50% to as low as negative 1%
For anyone trying to figure out where the economy is headed in the next six months, the numbers to watch will come from auto showrooms. The auto sector has, for long, provided the earliest indications of the health of the economy. And the sales numbers it puts out ahead of the festive weeks are where the correlation is best seen. So, keep a close watch on the auto pack.
From Shakti, Aravalli to HTSE-1200: How India is developing its own desi helicopter engines from attack to cargo
India’s aerospace propulsion journey is moving beyond licensed production towards joint development and indigenous engine design, with the expansion of Shakti helicopter engine manufacturing marking the latest milestone. Defence Minister Rajnath Singh inaugurated a second Shakti production line at HAL’s Koraput division, which will manufacture up to 100 engines annually once fully operational.
Defence stocks: Time to change strategy in a bearish market? An ecosystem with down and upside potential of -39% to plus 37%
The current fall is both at the level of the indices and the broader market. And when the selling is this broad, almost every sector is affected. But they do not all feel it equally, and it is worth knowing why every sector behaves differently at different points of time. Stock Reports Plus, powered by Refinitiv, is a comprehensive report that evaluates five key components of 4,000+ listed stocks – earnings, fundamentals, relative valuation, risk, and price momentum – to generate standardised scores. The simple average of the above-mentioned five component ratings is normally distributed to reach an average score.
Stealth frigate INS Trishul takes part in bilateral naval exercise 'Varuna' in France
The Indian Navy's stealth frigate INS Trishul has taken part in the flagship bilateral naval exercise 'Varuna' in France. The move aims to strengthen maritime and professional ties between the two countries. INS Trishul is the second ship of the Talwar-class stealth frigates and was commissioned into the Indian Navy in June 2003. The exercise conducted professional, sporting and cultural engagements as well as joint operations with French warships.
Simple Energy raises $180 million in largest funding round, eyes top-five EV two-wheeler spot
The all-equity round was led by founder of diagnostics company Thyrocare Technologies- Dr Arokiaswamy Velumani’s family office, with participation from founder and CEO Suhas Rajkumar, cofounder and CFO Ankit Gupta, Bengaluru-based HNI Amit Mishra and the Haran Family Office.
Cows, crypto, crores: A peek into what Union ministers own
Recent asset declarations from ministers reveal a diverse range of portfolios including cryptocurrency investments and foreign assets. While some officials claim livestock such as cows and sheep, others report ownership of older cars. Notably, several cabinet members hold properties in the Delhi-NCR region, yet declarations of firearms are largely absent. Overall, these disclosures highlight wealth accumulated through family means rather than just assets obtained in office.
Bajaj Auto launches affordable electric scooter, Chetak 3503. Check price and features
Bajaj Auto has launched the Chetak 3503, the most affordable electric scooter in the 35 series, priced at Rs 1.10 lakh. Sharing the battery and chassis with premium models, it offers a 155km range and 35-litre storage.
Bajaj launches new versions of Chetak electric scooter. Check price and features
Bajaj Auto unveiled 35 new Chetak electric scooter versions, including the 3501, 3502, and 2903 models. These scooters boast a new platform, enhanced features, a refreshed design, and increased storage while retaining the classic Chetak aesthetic. The 3501 and 3502 offer a 153 km range, while the 2903 provides 123 km. These new models expand upon the existing Chetak lineup.
Bajaj Auto's CEO takes jibe at rival Ola electric, says Ola toh Ola hai, Chetak Shola hai
Bajaj Auto CEO Rajiv Bajaj announced that the Chetak electric scooter has become India's top-selling EV scooter, surpassing 300,000 units sold. A new Chetak model is set to launch on December 20. Bajaj playfully jibed at competitor Ola Electric, highlighting Chetak's rising sales based on Vahan registration data.
Bajaj Chetak 2901 launched in India under Rs 1 lakh. Check price, features
Bajaj Auto has recently unveiled the latest addition to its electric scooter range, the Chetak 2901. Priced at INR 95,998 (ex-showroom, Bangalore), this model comes in five vibrant colors: Red, White, Black, Lime Yellow, and Azure Blue. The Chetak 2901 is equipped with a sturdy metal body and advanced technological features, making it a standout in the electric scooter market.
Bajaj Chetak Premium vs Chetak Urbane: What's the difference
Today, Bajaj introduced the newest editions of its Chetak electric scooter, namely the Chetak Urbane and Chetak Premium. While these two scooters share numerous features, they diverge on key aspects. Here's a comparison of the latest Chetak variants.
Bajaj launches Chetak Urbane, Premium electric scooters; priced less than Ola S1 Pro, Ather 450X
Bajaj Auto has unveiled two affordable variants of its Chetak electric scooter, priced at Rs 1.15 lakh and Rs 1.35 lakh. The new Chetak variants offer 127 km range, 800W onboard charger, and a host of nifty features.
New Bajaj Chetak electric scooter launching tomorrow with disc brake, navigation feature and more
The two-wheeler maker has been teasing pictures of the upcoming EV for quite some time, confirming vairous features. One picture posted showed a blue coloured scooter with a front disc brake. The new Chetak will have a ravamped yet retro design. In another picture, Bajaj revealed its semi-circular display with turn-by-turn navigation feature, trip and odometer.
Bajaj launching another Chetak electric scooter? Speculations rife after Co. files 'Vector' trademark
Bajaj Auto, a prominent Indian two-wheeler manufacturer, has filed a trademark application for 'Vector' in India, fueling speculation about a potential electric scooter under the Chetak brand. While linked to Husqvarna's 'Vektorr' concept, these details remain speculative, given the dynamic EV landscape.
Bajaj Auto unveils the 2023 Chetak EV with new features and a higher price tag
Bajaj Auto has introduced a revamped version of the Chetak EV with newer and premium features, and a higher price tag.
Chetak Technology inaugurates integrated EV manufacturing facility at Akurdi
"Chetak is the original 'Make in India' superstar, which won hearts worldwide. True to those designed-and-built-in-India roots, the electric avatar of Chetak is born out of our strong R&D, deep understanding of products and consumers, and decades of manufacturing expertise," said Rajiv Bajaj, Chairman - Chetak Technology Ltd, who inaugurated the new facility.
Bajaj Auto begins booking for electric scooter Chetak in Nagpur
With the aim of providing a seamless and convenient booking experience, customers can book the vehicle exclusively online on www.chetak.com for Rs 2,000, the company said in a statement.
Load More
