/
•
•

Editor's note: Yesterday, one of India’s largest two-wheeler companies, Bajaj Auto, unveiled an electric scooter called e-Chetak. The name Chetak evokes the nostalgia of pre-Liberalization days (before 1991) among a particular generation of automotive enthusiasts, and also advertising agency professionals who coined memorable jingles and campaigns during those years. This was the time when Bajaj’s Chetak was India’s best selling two-wheeler, with waiting period running into years. Of course, that’s before the erstwhile Hero Honda took over the market with its fuel-efficient motorcycles. Amongst all the PR bluster that has come out, this bit is the most important, from managing director Rajiv Bajaj’s chat with CNBC-TV18: “Worldwide, OEMs [original equipment manufacturers] are more reluctant or hesitant than they should be in the pursuit of electric vehicle technology, whereas startups seem to be far more aggressive. In this situation, the absence of Bajaj from the scooter segment has been our strength. We have played to our strength because every electric Chetak that is sold will be sold at the expense of some scooter that is not ours because we don’t make any scooters.” …
Who’s going to lead the IPO party, what’s going to drive the market, where are some of the leading businesses headed, and more.
The two-wheeler giant’s domestic weakness is overshadowing its global strength. Investors now want proof that Bajaj can win again at home.
India’s largest two-wheeler maker has seen a stock surge on the back of macro tailwinds, an EV push, a credible export strategy and renewed investor faith. Proving that this rally isn’t just a festive-season fling will be the real test.