Bajaj Auto and Europe’s Pierer Mobility AG are strengthening their strategic cooperation in the development of electric products in the two-wheeler sector. In a regulatory filing, Bajaj Auto said that the company is strengthening its strategic cooperation with Europe’s leading manufacturer of powered two-wheeler vehicles Pierer Mobility AG, for the development of electric products in the two-wheeler sector to meet the growing demand for innovative e-mobility concepts.
The two companies have decided to jointly explore zero tailpipe emissions, low maintenance, and long-lasting benefits of light electric vehicles in urban settings and dense metropolitan areas, the filing added.
”The initial output from this manufacturing impetus will see the first of these shared platform vehicles beginning of 2022,” it added. Shares of Bajaj Auto were trading 2.90 percent higher at Rs 3,603.50 apiece on BSE.
.
Check out our in-depth Market Coverage, Business News & get real-time Stock Market Updates on CNBC-TV18. Also, Watch our channels CNBC-TV18, CNBC Awaaz and CNBC Bajar Live on-the-go!
Lok Sabha Election 2024: Phase 5 voting concludes with over 57% voter turnout, experts weigh in on key battles
May 20, 2024 11:07 PM
BJP holds meeting in Delhi as polling underway for 5th phase
May 20, 2024 4:21 PM
UP Police arrests man after viral videos shows him voting multiple times
May 20, 2024 2:18 PM