Following the change in market trends and the runaway success it clinched with its bikes, Bajaj Auto in early 2000 discontinued its iconic scooter brand Chetak. With the industry moving electric it relaunched the iconic brand in EV space in October 2019 and since then sold over 3 lakh units.The Chetak EV is so popular that one model is sold on Amazon in every two minutes, it claimed here on Friday while launching a new series of Chetak's under the 35 series."From about 11.6% market share in EV space in April 2024, our market pie has jumped to 26.7% as of today in December, unseating Ola to become the number 1 EV brand," Eric Vas, president, urban mobility, at Bajaj Auto, told reporters here.The two-wheeler EV space is cluttered with over 400 players, most of them being not even fringe players who sell models assembled with cheap Chinese parts. With Bajaj becoming the market leader, the top five players eat up over 95% of the market pie, which is not even 1 lakh units a month.Ola, which used to be market leader for long, comes second with nearly 24% market share, followed by TVS, Ather and Hero."We have serious plans for electric mobility and soon we will surprise you with some announcements," Rajesh Sharma, the executive director of the company told.

Bajaj Auto plans to extend EV range to some bikes

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