Pune-based Bajaj Auto announced that it has inked pact with the state government of Maharashtra for setting up a manufacturing facility in Chakan, Pune with a proposed investment of Rs 650 crore. 
The manufacturing facility is expected to start its production in 2023 and will be utilised to manufacture high-end two-wheelers motorcycles KTM, Husqvarna and Triumph as well as its electric scooter Chetak.
“The proposed investment further reinforces the commitment of Bajaj Auto to the state of Maharashtra where the journey began,” Bajaj Auto Ltd. said in a statement adding that the development is done in the year when the company celebrates its 75th anniversary.
The Government of Maharashtra will facilitate all the necessary permissions, registrations, approvals, clearances and fiscal incentives for the automaker from the concerned departments as per existing policies.
Bajaj Auto was founded by Jamnalal Bajaj in 1940. It is an Indian multinational that manufactures two-wheeler and three-wheeler such as motorcycles, scooters, and auto rickshaws. With presence in over 70 countries, Bajaj Auto is the world’s third-largest manufacturer of motorcycles and is the second-largest in India.