Pune Bajaj Auto CEO Rajiv Bajaj on Friday suggested that the government should review the GST rates for vehicles powered by clean fuels.
During the launch of the first Freedom 125 integrated motorcycle here, Bajaj also expressed concern over the use of "unsustainable subsidies" to promote electric vehicles.
Earlier, along with Union Road Transport and Highways Minister Nitin Gadkari, they launched the world's first CNG-powered bike in three variants at a starting price of Rs 95,000 (ex-showroom).
"I would call it a suggestion that the government should seriously review the GST rates...Just like they have done the right thing with five per cent GST for electric (vehicles)," Bajaj said.
Calling subsidies "paradoxically unsustainable" and the current drive for electrification of the auto industry across the world as "chaos", he said: "How can sustainable technologies be promoted through unsustainable subsidies, not just in India but across the world... we want freedom from all this."
According to Bajaj, a party is going on in the electric vehicle segment as of now.
This groundbreaking innovation will revolutionize the two-wheeler industry by providing a cost-effective and environmentally friendly alternative to traditional petrol motorcycles, the company said.
Bajaj Auto claims that its Freedom CNG motorcycle offers around 50 per cent cost savings by significantly reducing fuel expenses compared to similar petrol motorcycles.
The CNG tank offers a range of more than 200 kilometers with only 2 kilograms of CNG fuel.
In addition, it has a 2-liter gasoline tank that acts as a range extender, offering more than 130 kilometers of range in case the CNG tank runs out, ensuring an uninterrupted trip.
"The Bajaj Freedom 125 showcases the R&D and manufacturing prowess of Bajaj Auto Ltd. Through innovation, Bajaj Auto Ltd has addressed the dual challenge of reducing rising fuel costs and reducing the environmental footprint of travel. The initiative also aligns strongly with the Indian government's infrastructure projects if a CNG network is built driven by the need to use cleaner fuels and save foreign exchange from tourism," said Rakesh Sharma, CEO, Bajaj Auto Ltd.
During the launch of the first Freedom 125 integrated motorcycle here, Bajaj also expressed concern over the use of "unsustainable subsidies" to promote electric vehicles.
Earlier, along with Union Road Transport and Highways Minister Nitin Gadkari, they launched the world's first CNG-powered bike in three variants at a starting price of Rs 95,000 (ex-showroom).
"I would call it a suggestion that the government should seriously review the GST rates...Just like they have done the right thing with five per cent GST for electric (vehicles)," Bajaj said.
Calling subsidies "paradoxically unsustainable" and the current drive for electrification of the auto industry across the world as "chaos", he said: "How can sustainable technologies be promoted through unsustainable subsidies, not just in India but across the world... we want freedom from all this."
According to Bajaj, a party is going on in the electric vehicle segment as of now.
This groundbreaking innovation will revolutionize the two-wheeler industry by providing a cost-effective and environmentally friendly alternative to traditional petrol motorcycles, the company said.
Bajaj Auto claims that its Freedom CNG motorcycle offers around 50 per cent cost savings by significantly reducing fuel expenses compared to similar petrol motorcycles.
The CNG tank offers a range of more than 200 kilometers with only 2 kilograms of CNG fuel.
In addition, it has a 2-liter gasoline tank that acts as a range extender, offering more than 130 kilometers of range in case the CNG tank runs out, ensuring an uninterrupted trip.
"The Bajaj Freedom 125 showcases the R&D and manufacturing prowess of Bajaj Auto Ltd. Through innovation, Bajaj Auto Ltd has addressed the dual challenge of reducing rising fuel costs and reducing the environmental footprint of travel. The initiative also aligns strongly with the Indian government's infrastructure projects if a CNG network is built driven by the need to use cleaner fuels and save foreign exchange from tourism," said Rakesh Sharma, CEO, Bajaj Auto Ltd.