The approval was given in board meeting held on Tuesday
Bajaj's remarks come against the backdrop of one of the most prolonged slowdowns plaguing India's automobile market, amid a slowing economy and dipping consumer confidence
In doing so, Bajaj has become the first internal combustion engine two-wheeler company to launch an all-electric two-wheeler in India
Bajaj, however, acknowledged that it is a difficult time for the sector and said that the government should not make it worse by raising registration fees
In his poem, Bajaj uses the metaphor of the tricolour's three colours to capture a message for mind, heart and soul
Bajaj's EV plans come amid the government's resolve to allow only electric three wheelers and two wheelers (under 150cc) after March 31, 2023, and 2025, respectively
When exports were down, we tried to address that, and our efforts are now paying off, says Bajaj Auto MD
He comments were in the backdrop of delay in permission for sale of Bajaj Auto's quadricycle in India since 5 years