BAJAJ AUTO LAUNCHES ‘WEGO’ ELECTRIC 3-WHEELER VEHICLES

has launched a new portfolio of electric three-wheelers under the ‘WEGO’ brand, marking it's entry with a multi-variant lineup across passenger and cargo segments. This EV range includes passenger models across the P50, P70 and P90 series, along with cargo variants under the C90 series. These vehicles offer a maximum range of up to 296km, depending on the model. These new vehicles are intended to address varying requirements across urban, semi-urban and rural mobility use cases, including passenger transport and cargo movement. Having a market cap of Rs 2.72 lakh crore, the company has delivered a strong ROCE and ROE of 28.1% and 22.8% respectively. Sales have been growing at 15% CAGR for last 3 years, and with this new product profile, sales are expected to further grow in the coming quarters.