| Bajaj plans maiden car in Rs 2-5 lakh range |
| BS Reporter / New Delhi June 25, 2007 |
| Bajaj Auto, India's second-largest two-wheeler maker, plans to price its first car between Rs 2 lakh and Rs 5 lakh. A concept vehicle will be showcased in January 2008 at the annual auto show. 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, |
