Bajaj To Launch Its Most Affordable Electric Scooter Based On Chetak 2903 This June Daily Kiran

Bajaj Auto is gearing up to make a strong mark once again in India’s electric two-wheeler space. Following the successful release of the Chetak 3503 in April 2025, the homegrown automaker is preparing to launch a more budget-friendly electric scooter that promises to be the most affordable offering in its EV lineup yet. Scheduled for launch by the end of June, the new scooter draws heavily from the brand’s best-selling Chetak 2903 and aims to deliver more value to Indian consumers.

Inspired by the Best-Selling Chetak 2903

The upcoming scooter will be based on the widely popular Chetak 2903, which is currently priced at ₹99,998 (ex-showroom). Known for its balance between performance and affordability, the 2903 has been instrumental in driving Bajaj’s electric vehicle growth. The new model, while positioned below the recently launched 3503, is expected to carry forward the reliable DNA of the 2903, making it a compelling offering in the entry-level EV space.

New Upgrades and Practical Enhancements

Though Bajaj is yet to officially reveal the complete specifications, early industry insights suggest the new Chetak variant will include improved practicality and upgraded features. This could include:

A longer riding range than the 2903
Wider footboard area
Improved under-seat storage
A battery pack mounted in a more accessible and balanced position

The design will likely take cues from the more premium Chetak 35 series, lending a more modern and spacious feel to this entry-level version.

EV Strategy and Market Impact

Bajaj has experienced rapid growth in its EV division, with electric models contributing nearly 25% of its top-line revenue in India. The Chetak series led EV scooter sales in Q4 of FY2025, establishing itself as one of the most trusted names in India’s growing electric mobility ecosystem. With the launch of this new scooter, Bajaj aims to tap deeper into the budget-conscious urban demographic, which is rapidly shifting towards electric mobility due to rising fuel costs and sustainability awareness.

The company is targeting 20–25% EV segment growth by FY2026, and this new model is expected to play a critical role in achieving that milestone.

Launch Date and Expected Price

The new scooter is expected to be launched officially by the end of June 2025. Bajaj is likely to price it below ₹99,998, making it the most affordable electric scooter in the Chetak lineup. This move is designed to bolster its competitiveness in the increasingly crowded sub-₹1 lakh EV market.

Supply Chain Challenges Could Delay Rollout

While anticipation is high, Bajaj has expressed caution over potential supply chain disruptions, particularly concerning rare earth magnets essential for electric motors. Though these issues may lead to minor rollout delays, the company has not yet announced any formal postponement. For now, the June launch remains on track.

Conclusion

As Bajaj prepares to expand its electric two-wheeler portfolio with the launch of its most affordable Chetak variant yet, the Indian EV market could be on the cusp of a new affordability revolution. With its blend of trusted performance, practical upgrades, and competitive pricing, this new Chetak model could quickly become the go-to choice for first-time EV buyers in India.

Author Profile

Kuldeep Singh Chundawat: My name is Kuldeep Singh Chundawat. I am an experienced content writer with several years of expertise in the field. Currently, I contribute to Daily Kiran, creating engaging and informative content across a variety of categories including technology, health, travel, education, and automobiles. My goal is to deliver accurate, insightful, and captivating information through my words to help readers stay informed and empowered.