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Bajaj Auto launches low cost car RE 60, promises 40 km per litre
.
.
Bajaj Auto, a listed two-wheeler and three-
wheeler company, announced the launch of RE
60, an ultra-low cost car. The company claims
that the car would have a mileage of close to 40
km per litre and will have an 800 cc engine.
The car will be launched in 2012. However, the
car might be exported first before it is available
here in India.
We could launch the four wheeler first in Sri
Lanka, said Bajaj.
The engine is a new water cooled DTSi 4 (Digital
Twin Spark Ignition) valve and would give a
maximum speed of 70km per hour. The car has
a seating capacity of four people. It has been
designed and developed fully by Bajaj Auto and
not with Renault or Nissan Motors
Rajiv Bajaj, MD at Bajaj Auto, made the
announcement and said that the engine for the
car is state-of-the-art and environment friendly. It
is frugally engineered, he added.
RE 60 will be produced at three-wheeler plant in
Aurangabad, Bajaj said, adding that it will be
ready for production in the coming months.
He was speaking at a press conference in New
Delhi on the eve of Auto Expo 2012, the biggest
auto show in India.
"We have developed a four wheel vehicle with
mileage of nearly 40 km / litre. The car emits
carbondioxide of just 60 gm per km," he told
reporters.
Bajaj Auto is known for its two wheelers and
three-wheelers. The company is making a four-
wheeler for the first time.
However, the company could sell the car to
Renault or Nissan Motors with minor
modifications if they wish.
We are free to brand our own four wheeler and
sell it anywhere in the world, Rajiv Bajaj said.
Tata Nano is currently the cheapest car in the
world. Bajaj Auto has not disclosed the pricing.
Bajaj Auto shares were trading flat after slumping
8 per cent in trade on Monday. The December
2011 sales data was below expectation.
Rajiv Bajaj said that Bajaj Auto would end the
current fiscal with exports of Rs 6,500 crore
representing nearly 1.6 million vehicles. He also
said that it is extremely rare to find a car
company with profit of over 10 per cent.
We are Apple kind of company. We believe in
making niche products; we are an 'anti car'
company. We are 2, 3 and 4 wheeler company
and in this space, our investment can't be
anywhere near a car company, investment closer
to what one would invest as 2 or 3 wheeler
maker, said the Bajaj honcho.
.
.
.
Bajaj Auto, a listed two-wheeler and three-
wheeler company, announced the launch of RE
60, an ultra-low cost car. The company claims
that the car would have a mileage of close to 40
km per litre and will have an 800 cc engine.
The car will be launched in 2012. However, the
car might be exported first before it is available
here in India.
We could launch the four wheeler first in Sri
Lanka, said Bajaj.
The engine is a new water cooled DTSi 4 (Digital
Twin Spark Ignition) valve and would give a
maximum speed of 70km per hour. The car has
a seating capacity of four people. It has been
designed and developed fully by Bajaj Auto and
not with Renault or Nissan Motors
Rajiv Bajaj, MD at Bajaj Auto, made the
announcement and said that the engine for the
car is state-of-the-art and environment friendly. It
is frugally engineered, he added.
RE 60 will be produced at three-wheeler plant in
Aurangabad, Bajaj said, adding that it will be
ready for production in the coming months.
He was speaking at a press conference in New
Delhi on the eve of Auto Expo 2012, the biggest
auto show in India.
"We have developed a four wheel vehicle with
mileage of nearly 40 km / litre. The car emits
carbondioxide of just 60 gm per km," he told
reporters.
Bajaj Auto is known for its two wheelers and
three-wheelers. The company is making a four-
wheeler for the first time.
However, the company could sell the car to
Renault or Nissan Motors with minor
modifications if they wish.
We are free to brand our own four wheeler and
sell it anywhere in the world, Rajiv Bajaj said.
Tata Nano is currently the cheapest car in the
world. Bajaj Auto has not disclosed the pricing.
Bajaj Auto shares were trading flat after slumping
8 per cent in trade on Monday. The December
2011 sales data was below expectation.
Rajiv Bajaj said that Bajaj Auto would end the
current fiscal with exports of Rs 6,500 crore
representing nearly 1.6 million vehicles. He also
said that it is extremely rare to find a car
company with profit of over 10 per cent.
We are Apple kind of company. We believe in
making niche products; we are an 'anti car'
company. We are 2, 3 and 4 wheeler company
and in this space, our investment can't be
anywhere near a car company, investment closer
to what one would invest as 2 or 3 wheeler
maker, said the Bajaj honcho.
.
