Bajaj Auto’s much anticipated small car — which Rajiv Bajaj, managing director said may not necessarily be a car but a ‘four-wheeler’ — will hit the streets in 2012.
“I rode the prototype on Tuesday and it is nice,” said Rajiv Bajaj at a press conference on Thursday.
“We are developing a four-wheeler which is born out of the skill of a motorcycle/three-wheeler company. Potentially it can be both a private vehicle and a taxi,” he said.
“In all probability, it will be made in our Aurangabad factory where we make three-wheelers which will have synergies with our upcoming three and four wheeler platforms,” Bajaj said.
About the three-way joint- venture between Bajaj, Renault and Nissan for an ultra low cost car he said, “There is no JV any more. This is an independent project of Bajaj Auto. Product development and manufacturing will be 100% our responsibility,” he said.
He highlighted mileage and the price as the key features of the upcoming four-wheeler, which might be marketed by Renault and Nissan as well. Bajaj launched its Discover 125 cc on Thursday. Discover already has a 100 cc and 150 cc commuter bikes which together clock 1.5 lakh units a month.
“We are coming up with a new line up of Discover and Pulsar bikes by the second half of this year.” he said. Bajaj is also launching ‘an all new Boxer,’ the low cost bike from its stable.
He said the company expects 20% growth in volumes in the financial year 2011-12.
“This year we are poised to finish with 3.82 million vehicles, achieving almost 95% of the target we had set for ourselves. Next fiscal our target is to grow 20% in domestic business, exports of three-wheelers and motorcycles and in spare part business”.