In Short : Delivery of Bajaj Auto’s Chetak electric scooters has resumed at all outlets following the resolution of issues caused by shortages of rare-earth magnets. Production is rapidly increasing again; in August, around 15,000 units were made, and in September, before India’s holiday season, 40,000 units are anticipated.
Supporting the Strategic Recovery
Export restrictions from China had caused a long-standing shortage of rare-earth magnets, which had threatened to completely stop production. However, light rare-earth magnet shipments started up again three or four weeks ago. Because of this, Bajaj has been able to quickly return to normal operations and maintain supply momentum throughout a crucial demand period.
Maintaining EV Expansion Momentum
With supplies well under way and production ramping up, earlier grim forecasts of a “zero” production August have been avoided. This tenacity will enable Bajaj to take advantage of the seasonal demand and maintain its dominant position in the quickly expanding EV scooter sector.
Impact and Significance of Clean Energy
The reinstatement of Chetak supply by Bajaj Auto, one of India’s top EV companies, directly encourages the adoption of clean mobility. By satisfying customer demand and preventing interruptions, vehicle electrification keeps up its momentum during important market cycles, supporting the nation’s transition to renewable energy.
About Bajaj Auto
A leading Indian automaker, Bajaj Auto is well-known throughout the world for its three-wheelers, motorcycles, and scooters. With products like the electric Chetak, it continues to lead innovation in the EV mobility market and has remarkable operational agility in the face of global supply chain constraints.
