Bajaj plans maiden car in Rs 2-5 lakh range

Describing the offering as a "four-wheel passenger vehicle", rather than a small car as commonly assumed, managing director Rajiv Bajaj clarified that it would not be within the Tatas Motors small car price tag of Rs 1 lakh.  "We are aiming to come up with a concept passenger vehicle by January 2008, and if the response is good it will take us three years to go in for commercial production,