Bajaj’s future plans
Undeterred by the slowdown and poor sales (or rather bitten by it), Bajaj has drawn up a serious plan to get back to where it belongs-at the top. The home grown manufacturer has drawn up a schedule coming up with a host of launches back to back in the coming year.
The company's Chief Executive Officer, Mr S. Sridhar said, "We are looking to launch a light sports scooter some time next year." We had just got the XCD 135 DTS-Si and following it is the gearless scooter which we reckon is the long overdue Bajaj Blade.The blade will sport an engine in the 100-150cc category and will slot in above the Kristal DTS-i.
[Via: IAB]
Hero To Launch Electric Car
Hero Electric part of larger Hero group plans to introduce a e-car or electric car in India by 2013. Tata has already said it would launch Indica electric in 2009 and Mahindra is planning to introduce a similar car in 2010. Pininfarina has also said that it will launch an electric car in 2014.
"Hero is becoming green everyday. We want to be a major player in the electric transportation, in which we are investing heavily in carrying out research. In the next five years, we will be launching electric three and four wheelers here," said, Hero Electric Chief Executive Officer Sohinder Gill.The company is currently carrying out the research and working on the prototypes of the models, he added.
Hero Electric is investing Rs 80 crore in this financial year for expansion of its storage capacities, R&D and indigenisation of technologies. "The passenger car will not be on the conventional battery mode as running cost is very high. We are developing it on capacitors, which can be charged instantly and can go on for longer distance," Gill said, adding the company is checking out the viability of the model in Indian condition.
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