PIERER Mobility and Bajaj Auto strengthen its E-Mobility cooperation

PIERER Mobility AG, Europe's leading manufacturer of powered two-wheeler vehicles. and Bajaj Auto Limited, India's second largest motorcycle manufacturer, are strengthening their strategic cooperation in the development of electric products in the two-wheeler sector to meet the growing demand for innovative e-mobility concepts.

PIERER Mobility AG and Bajaj Auto Limited originally joined forces to make a sizeable and relentless footprint in the international motorcycle industry and, as the partnership successfully reaches almost fifteen years of existence, the two companies have decided to jointly explore the zero tailpipe emissions, low maintenance, and long-lasting benefits of light electric vehicles in urban settings and dense metropolitan areas.

This renewed strategy will centre on the development of common electric platforms to deliver the advantage of scale, regarding all critical components, allowing both companies to quickly and effectively adapt to evolving customer needs globally. Part of this remit involves an open approach to all battery opportunities, aiding the parallel advantage of both fixed and swappable solutions.

Moving at pace, the initial output from this manufacturing impetus will see the first of these shared platform vehicles beginning of 2022.

Shares of BAJAJ AUTO LTD. was last trading in BSE at Rs.3501.85 as compared to the previous close of Rs. 3604.8. The total number of shares traded during the day was 37725 in over 5071 trades.

The stock hit an intraday high of Rs. 3613.5 and intraday low of 3496.9. The net turnover during the day was Rs. 133558252.

Source : Equity Bulls

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