It seems Tata Nano may not have any competition, at least in the near future. Two-wheeler maker Bajaj Auto Ltd (BAL) was planning to launch its own small car by 2011 to counter Nano but BAL chairman Rahul Bajaj said that they no longer find it a “good idea”.
The low-cost product would have led Bajaj entering into the car market. According to reports, the car will be made with joint venture partners Nissan and Renault, will not carry the Bajaj brand name. The car was supposed to be priced around Rs 1 lakh, at par with Nano.
A fortnight ago, BAL also announced its decision to stop making scooters. The company, instead, wants to focus on motorcycles. “There appears to be no point in launching a new car when there are already so many models in the market, from a Mercedes to Nano. We did want to launch a low-cost car but now we have changed our mind,” said Bajaj, who was in the city to attend a function.
He added, “Let the company focus on bikes and then think of cars. First the company can upgrade the three-wheelers. May be we can add a fourth wheel to it and make something like a carry van, but it will certainly not be a car.”
Source:[timesofindia.indiatimes.com]
{ 0 comments… add one now }
Leave a Comment