Bajaj Mulling Over its Ultra Cheap Car Project
Bajaj had announced that it will introduce its ultra cheap car in the Indian market, soon after the Nano was launched. The car is coded as ULC and a feasibility study is underway to study the economic and technical feasibility of such a project in India.
''The techno-economic feasibility for the passenger 4-wheeler will be evaluated by Bajaj-Renault-Nissan for a final decision, leading to firming up of the co-operation parameters among partners and a suitable JV agreement,'' according to the company.
Bajaj will build this car in association with Nissan and Renault in India. The USP for selling this car will be its fuel economy as Bajaj promised that this car will deliver the best mileage, exceeding any other small car in the country and will be the most fuel efficient car in India. It stated the emphasis will be on the fuel economy and not the car's price. The car will be built at Bajaj's Chakan plant near Pune with an initial capacity of producing 250,000 units annually.
Bajaj is also revamping the car's design which was originally designed by Renault. The new design will take into consideration aerodynamic aspect and other features that will enable car to deliver better mileage.
[Via: cartradeindia]
Ultra Motor to set up its second e-bike manufacturing facility in India
Ultra Motor India Pvt. Ltd. (UMI), the Indian subsidiary of the UK-based Ultra Motor, is looking at setting up another e-bikes manufacturing facility in India, somewhere in the north. The company already has a manufacturing facility in Hyderabad.
UMI plans to invest Rs 150 crore towards product development, and the marketing and distribution of its electric scooters and bikes in India. The company aims at catering to the requirements of southern and western markets in the country via its plant in Hyderabad, and is looking at setting up its second plant somewhere in north India, to cater to market requirements from other parts of the country.
UMI, which has a sales target of 45,000 e-bikes this year, recently launched the Marathon, which has a range of up to 100km and which is priced at Rs 32,000 ex-showroom Chennai. With the rising prices of petrol, a certain section of entry-level scooter/motorcycle buyers are now switching to electric power, and UMI is trying to leverage that development.
[Via: Indiaautomotive]
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