Homegrown two and three-wheelers manufacturer Bajaj Auto on Wednesday announced an investment of INR 300 crore (USD 40 Mn) unit at Akurdi for manufacturing Electric Vehicles. This unit will have a production capacity of 500,000 EVs per annum. Akurdi (Pune) is also the site of the original Chetak scooter factory that made Bajaj Auto a household name in India, the company said in a release.
