New Bajaj Chetak EV: Budget-Friendly Launch Set for 2026, Challenges Ola & TVS!

• Bajaj Auto to launch a new budget-friendly electric Chetak scooter on January 14, 2026, targeting middle-class consumers.
• The new model features a redesigned horizontal LED taillight with indicators, giving it a modern and premium look.
• Technical specifications include a hub-mounted motor, telescopic front fork, dual rear shock absorbers, 12-inch alloy wheels, and disc/drum brakes.
• Cost-saving measures like a standard LCD instrument cluster instead of premium touchscreens aim for competitive pricing.
• Expected to be priced lower than current models (₹99,500 - ₹1.22 lakh), offering strong competition to Ola and TVS in the budget EV segment.

Why It Matters: Bajaj's new budget Chetak EV aims to democratize electric mobility, challenging rivals with affordability.