Bajaj & KTM to make 3 vehicles
Austrian two-wheeler maker KTM Power Sports is developing three intra-city transportation models - a trike, a budget car and a scooter - in a joint collaboration with Bajaj Auto. Bajaj, India's second-largest motorcycle maker, owns 21 per cent stake in KTM.
All of the models will be marketed in developing countries and will have petrol, diesel and electric variants. KTM officials had earlier said that it was studying the possibilities of entering the small-car segment alongwith Bajaj.
Bajaj Auto, which is also one of world's largest three-wheeler manufacturers, will bring its expertise in low-cost engineering to the table. The Pune-based company recently unveiled its indigenously developed ultra low-cost car LITE at the Auto Expo earlier this year.
When contacted, Rajiv Bajaj, managing director, Bajaj Auto, declined to offer any comments on the matter. There is, however, no confirmation if the low-cost car will make its way to India as Bajaj Auto has already signed an agreement with Renualt and Nissan to develop a 'ultra low cost' car for the Indian market, which will be retailed at $2,500-$3,000.
The KTM-Bajaj car will be a four-seater urban runabout, which is under KTM's new 'innovative urban transportation concept'. Such vehicles are cheap yet frugal and fun to drive. The scooter, however, will be made available in the Indian market and is already under development. A launch by 2010 launch is likely for the model.
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