Bajaj in its eighty years of history has launched its first car ever today and taken on Tata Nano.
The Bajaj RE60 has high fuel-efficiency ratios, the company said.
Bajaj has been working with Nissan Motor Co and Renault SA on a project to develop what was originally planned to be an ultra low-cost minicar.
To be christened as Bajaj RE60, the four-wheeler is an epitome of not just a car-like vehicle, but even Bajaj's future range of three and four-wheeler passenger and goods transport vehicles.
With speculation rife about the fact that retaining its three-wheeler genes in the car which essentially is a three-wheeler, Bajaj has added an extra wheel to it just to give better balance, comfort and safety.
The four-wheeler, as the observers point out powered by a two or three-cylinder petrol motor with a displacement of 700-800cc at most. With power on the slower side, the vehicle may not hit more than the speed of 90 Kph. But what would give the car a definite edge over the existing players in the segment is its better fuel efficiency which is expected to be around the 30 Kilometer per liter mark.
As a complete in-house product, the Bajaj RE60 was originally conceived as the ULCC project or Ultra Low-Cost Car under a joint-venture between Renault-Nissan and Bajaj.