As Govt. announces "no-permit" regime for auto rickshaws powered by Alternate Fuels
Bajaj Auto announced its plans to expand 3 wheeler & Quadricycle capacity to 1 million per year as Government announces end to Permits.Over the last 12 months, there has been an up-surge in three wheeler demand in India, owing mainly to permits released in Maharashtra, Karnataka, AP and Delhi. Consequently during the period September 2017 to August 2018 Bajaj Auto has sold 435,000 three wheelers representing a growth of 88% and has strengthened its leadership in this segment.
At the SIAM convention, Hon'ble Minister for Transport Shri Nitin Gadkari made a historic announcement moving to a "no-permit" regime for auto rickshaws powered by Alternate Fuels.
Bajaj is the market leader with 86% market share in the alternate fuel 3 wheelers and is therefore delighted with this development
This announcement is a further fillip for the Bajaj Qute, which comes with CNG / LPG fuel options, as more and more state government approve the Qute for taxi applications.
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