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Bajaj Showcases Its Concept Car

On the eve of the Auto Expo, Bajaj Auto has showcased its small car concept to the world. The company is currently conducting a feasibility study with Renault on a small inexpensive car. But Rajiv Bajaj, MD, Bajaj Auto, was quick to add that though the car would be a compact intra-city one, it would not be costing Rs 1 lakh. “We need to make profits, and at that price it’s just not possible, but pricing will be competitive,” he said.

Rajiv Bajaj also confirmed that the company has also developed two engines for the car, a petrol and a diesel which are both two-cylinder units. According to Bajaj, “the company is also developing a very unique transmission that will offer the best of a manual and automatic gearbox.”

The car will be made at a new plant in Chakan that will have an initial capacity of 250,000 units per year.

Video:

http://afp.google.com/media/ALeqM5iLzxKU_Z8Zr8ZjrwUxN4bTJGmtXA?size=m

da ibnlive.com