Bajaj to launch quadricycle this fiscal
Bajaj Auto is looking to launch India's maiden quadricycle Bajaj RE60 by end of the current fiscal. This four-wheeled passenger carrier which debuted ...
Bajaj Auto is looking to launch India's maiden quadricycle Bajaj RE60 by end of the current fiscal. This four-wheeled passenger carrier which debuted at Auto Expo New Delhi in prototype form last year could not hit the Indian market as there is no provision in the existing motor vehicles laws for registration of such vehicles in the country.
Bajaj Auto approached the central government to amend requisite rules for accommodating the quadricyle which is safer alternative an autorikshaw. Recently, government has also given its nod for the strange vehicle popular in some parts of Europe.
"The draft gazette notification for the four-wheeled vehicle has gone to the law ministry. After the law ministry, it will get published in the government papers. After that comments will be invited from people," RC Maheshwari, president, commercial al vehicles, Bajaj Auto told media here on Thursday after launching Bajaj RE compact autorikshaw. "Till then we cannot launch this product. We hope that between October and March this year. Somewhere between that period we should be able to launch the product RE 60," Maheshwari said.
AReplying to a query, he said the company bets big on replacement sales of three-wheelers as it sees huge potential in that category. He said by end of next financial year (FY15), Bajaj aims to sell three lakh three wheelers in the domestic market. "By next year end we want to reach volume of three lakh vehicles in the domestic market. Last year we sold about 2.22 lakh vehicles," the automaker said.