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Bajaj Restarts Chetak Production and Deliveries After Rare‑Earth Magnet Crunch

Secured magnet supplies enable a scale‑up for the festive season.

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The Chetak is the only electric two-wheeler that the brand sells. It is offered in multiple variants.
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Overview

  • Production and shipments restarted on August 20, with supplies restored across dealerships.
  • A shortage of heavy rare‑earth magnets sourced from China had triggered weeks of disruption, including a 47% year‑on‑year output drop in July to 10,824 units.
  • Earlier warnings that August volumes could fall to zero have been averted as the company reports adequate materials for peak-season demand.
  • Eric Vas says deliveries against bookings have begun and output is being increased to meet robust demand while maintaining quality standards.
  • Bajaj points to continuing market momentum for Chetak, noting a new 3001 variant and company‑reported gains in market share with FY25 segment leadership.