Bajaj Auto recently launched the electric variant of its iconic ‘Chetak’ scooter, starting from Rs 1 Lakh.
Bajaj Chetak Electric. (file photo)
Bajaj Auto managing director Rajiv Bajaj on Tuesday said that an “over-regulated” market has pushed up two-wheeler prices which would increase by around 30 per cent in a one-and-half-year period. Speaking at the launch of the electric version of the iconic Chetak scooter, Bajaj also pitched for lowering of GST rates. The market is “over-regulated”, which has led to an increase in the two-wheeler prices, Bajaj said. The hike in prices would be about 30 per cent in one-and-a-half years, he said while referring to the impact of the implementation of new emission norms. Automakers have stated that BS-VI models would carry a higher price tag compared to BS-IV vehicles.
Earlier, the Pune-based automaker announced the formal launch of its much-awaited Chetak electric scooter, at a starting price of Rs 1-lakh. It also announced the bookings, online and through select KTM stores, for the new vehicles from January 15 and deliveries from February-end. Bajaj also said that while the government has announced GST on electric vehicles at 5 per cent, the vehicles with combustion engine continue to attract 28 per cent and it to be lowered to 18 per cent. He also said he was not expecting much in the forthcoming union budget which could address the current issues industry is facing.