Singing a different tune than its foreign partners, Bajaj Auto on Friday said it will launch a four-wheeler commercial vehicle in mid-2012 from the ultra-low cost car (ULC) platform, which was originally planned to roll out a car with Franco-Japanese alliance Renault-Nissan.
Cellphone makers have reportedly shipped more than a billion handsets for the first time in 2006, which indicate a 20 per cent increase.
Prototype for ultra low-cost car not ready, says Renault; getting out five other vehicles is priority for next year.
The partners have, thus, solved the tricky issue of pricing, which has been widely speculated as the reason for the delay in the project announced in 2008.
Nissan also has a car-manufacturing tie-up with its global alliance partner Renault.
Bajaj Auto, the country's second-biggest maker of two-wheelers, says it will use its famed digital twin-spark plug technology in its compact car, due for launch in 2011.
The ultra low cost car (ULC), which will be competing with Tata Nano, aims to better the mileage of 23.6 km/lt, given by the world's cheapest car from the stable of Tata Motors.
The country's second largest two-wheeler maker Bajaj Auto Ltd (BAL) on Monday joined hands with Renault-Nissan to launch a small car in India by 2011 that will compete with Tata Motors' Nano on price point - Rs 1 lakh.
However, the realty players will have to pursue their long-pending demands with the state government for abolition of the Urban Land Ceiling Act, speedy approvals to expedite redevelopment of Maharashtra Housing and Area Development Authority buildings, development of cluster development, rental and affordable housing.
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