Thursday, May 9, 2024

Bajaj to launch first CNG bike soon! fuel prices will drop by 50%

An entry-level CNG-powered motorcycle can be introduced by Bajaj Auto. This was mentioned by the company’s MD, Bajaj, in an interview with CNBC. According to Bajaj, CNG motorcycles will be less expensive to buy and to fuel. Customers who cannot afford the high petrol prices may be drawn to it.

Bajaj

Will there be a CNG bike launch?

Everyone has been stunned by the rising costs of petrol and diesel. Fuel costs have not fallen below Rs 100 for a number of months. People buying new automobiles and motorcycles are turning to alternate fuels in such a situation. Due to the shifting demographics, automakers are likewise updating their goods. A reputable national corporation is currently seriously thinking about releasing a CNG-powered bike. It is asserted that once this bike is launched, the fuel cost will be reduced to only half.

Bajaj

New customers are purchasing electric cars.

BD Auto Bajaj This was alluded to by Rajiv Bajaj in an interview with CNBC. He claimed that those 100cc level buyers who had stayed away after losing their employment during the Corona era did so because of the economy. They are not returning at this time. The cause of this is the current trend among new purchasers to purchase electric automobiles in order to conserve fuel. In such a scenario, it is not anticipated that sales of entry-level internal combustion engine bikes (100cc) will increase over the holiday season.

Bajaj

50% reduction in fuel use

According to Bajaj, those who are concerned about the rising cost of gasoline and diesel may find that CNG motorcycles are a decent alternative. These bikes will be less expensive to buy and use less fuel. Fuel costs could drop by up to 50% after the introduction of these motorcycles. He said that if Bajaj implements this plan, it will be the country’s first manufacturer of CNG bikes.

Bajaj

In 2016, a pilot experiment was launched.

Let us mention that, prior to Bajaj Company, the government attempted to run two-wheelers on CNG throughout the nation. For this, a trial programme was launched. As a result, some food delivery services used Honda Activa CNG-powered vehicles. This project didn’t advance very far, though. Now, if Bajaj Company succeeds in this, a lot of people will gain from it.

Read More: Income Tax extended the date for filing ITR! these people will benefit

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