Low-cost Bajaj V variant to be introduced within 6 months - Report

Bajaj Auto will be launching a new variant of the Bajaj V in the current half of the financial year, reports Autocar Professional.

The website’s source reveals that the brand will position the new variant of the Bajaj V between the Bajaj CT100, Platina and the V15. Based on that information, it is possible that the upcoming bike will be a lower displacement version of the Bajaj V. This would enhance the affordability of the Bajaj V product family. Currently, the company sells the V12 at a festive price of INR 55,060 (INR 1,900 discount); and the V15 at INR 61,580 (down by INR 2,100). Both prices ex-showroom, New Delhi. In the previous financial year, Bajaj sold 2.34 lakh units of the V15 and V12.

Also Read: Bajaj V12 now available with front disc brake

The Pune-based manufacturer sold 247,418 units of motorcycles domestically in September, growing by 7.34% year-on-year. It sold 78,493 units of the CT100 model, and 47,712 units of Platina in the same month. Bajaj dispatched 112,075 units of the Pulsar product family, including exports. It marks the highest ever sales in a month.

The company is also planning to introduce a new variant of the Bajaj Avenger in the current half of the financial year. The brand aims to grow by 20% in the second half of this fiscal, year-on-year. The new products are expected to bolster the brand’s sales in this half of the fiscal. This month, Bajaj beat Eicher Motors in market capitalisation. The brand is working on electric two-wheeler space as well, codenamed ‘Urbanite’.

[Source: Autocar Professional]