March 26, 2008

Bajaj, Hero Honda and Kinetic May Introduce Gas-Based Two-Wheelers

Two-wheeler manufacturers Bajaj, Hero Honda and Kinetic are into discussions with Energtek, a provider of absorbed natural gas products, for technology that would enable two-wheelers to run on gas instead of petrol, reported the Economic Times.

The manufacturers are reportedly looking for gas-based technology options to counter the threat posed by Tata Motors's Nano, which is likely to eat into the two-wheeler market.

Energtek, which offers absorbed natural gas (ANG) technology, has initiated discussions to supply the new technology and claims that ANG will reduce fuel cost by more than 50%.

According to sources at Bajaj Auto, the company is planning to develop a dual-fuel two-wheeler, which would give the rider the option to drive the two-wheeler on gas or petrol. It is reported that Honda, TVS, LML and Kinetic are planning to introduce similar concept bikes.

Energtek recently entered into a joint venture with Confidence Petroleum, the Nagpur-based liquefied petroleum gas bottling company, to launch Confi Energtek Asia, which will market ANG technology in India and Asia.

Lev Zaidenberg, CEO of Energtek, was quoted as saying: "Energtek has proprietary ANG technology solutions to distribute clean energy. We are in talks with Indian two-wheeler manufacturers. We can increase the commercial use of Energtek's ANG technology to help Asian residents reduce pollution emitted by motorcycles."