Bajaj to launch four-wheel vehicle but it's not a car - Rajiv Bajaj, the company's ma- Navbharat Times Photodhamal

1/5

Rajiv Bajaj, the company's managing director, insists the RE60 is neither a car nor an autorickshaw. The government is even creating a new classification category for the vehicle, which is expected to be launched within months.

In This Pic : Rajiv Bajaj

Pic Courtesy : BCCL

2/5

"In every market that a three-wheeler is available the quadricycle should be relevant," Bajaj told Reuters in a phone interview. "Because at the end of the day it provides a very logical upgrade from a three-wheeler for people who want to pay a little more and want to have the comfort and safety of four wheels, four doors, a roof and seatbelts," he said.

In This Pic : Rajiv Bajaj

Pic Courtesy : BCCL

3/5

The company is the world's largest autorickshaw maker and India's second largest motorcycle maker, and sales of both these vehicles have decelerated over the last two years, hit by falling demand in a slowing economy.

In This Pic : Bajaj launches RE60

Pic Courtesy : BCCL

4/5

The RE60 is part of a long-term expansion strategy by Bajaj to boost sales growth at home and abroad.

In This Pic : re60

Pic Courtesy : BCCL

5/5

Exports of motorbikes and autorickshaws account for more than a third of Bajaj's sales. The company counts Mahindra and Mahindra Ltd , TVS Motor Company Ltd and Italy's Piaggio as competitors in the three-wheeler segment.

In This Pic : Bajaj launches RE360

Pic Courtesy : BCCL