The materials used in the battery pack ensured the safety of the vehicle even under such a condition, as per Bajaj Auto.Bajaj Auto shares will remain spotlight after the company said it is conducting a comprehensive investigation into an incident of "smoke emission" from a component of its electric scooter Chetak at Chhatrapati Sambhajinagar (erstwhile Aurangabad) in Maharashtra on December 5 to determine the root cause.
The company also said that as a manufacturer, it is "committed" to maintaining high-quality products to ensure customer safety.
"An incident involving a Chetak electric scooter was reported in the afternoon hours of December 5 at Chhatrapati Sambhaji Nagar. As soon as this was brought to our attention, the dealer partner took swift action by moving the vehicle to the service centre for a thorough investigation," Bajaj Auto Ltd said in a statement.
The incident resulted in "no harm" to any individuals, it said.
Preliminary investigations, according to the company, reveal that while there was "no fire or thermal runaway, the event was limited to smoke emission from a plastic component, with the battery and motor remaining intact."
The materials used in the battery pack ensured the safety of the vehicle even under such a condition, as per Bajaj Auto.
"We are conducting a comprehensive investigation to determine the root cause of this isolated incident, fully committed to understanding and addressing any potential issues," the company said while urging the customers to exclusively use its authorised service network to maintain the "highest standards" of safety and quality for their Chetak electric scooters.
On Tuesday, Bajaj Auto shares closed at INR 9,016.7, down 0.6% on the BSE, while the benchmark Sensex ended flat. The stock has surged 35% so far in 2024 and 150% over the past two years, with the company’s market capitalization now at INR 2,51,799 crore.
