It is expected to be ready by 2017.
Bajaj Auto, the world's largest three-wheeler maker, expects to launch its four-wheeled passenger carrier RE60 by end of the current financial year.
Also said that the slowing demand for Tata's Nano shows consumers aren't looking for low-cost cars.
Bajaj Auto Ltd on Friday said it plans to roll out 5,000 units of its much-delayed four-seater "quadricycle" codenamed RE-60 from its Aurangabad plant.
Bajaj Auto's new four-wheeled people-carrier might well create an entirely new category.
Although the company has not yet revealed its exact price, the buzz in the market is that the Bajaj RE60 is likely to be priced between Rs 125,000 and Rs 200,000, giving tough competition to the Tata Nano which is the cheapest car in the world currently.
By securing a place in the semfinals, Haseena Sunil Kumar Prannoy became the first Indian in 41 years to book a badminton medal in the men's singles at the Asian Games.
The quadricycle would meet better emission and safety standards than the current three-wheeler does. And, it can give a better ride, particularly during the monsoon.
Awaiting a formal notification on quadricycle, Pune-based Bajaj Auto on Wednesday said it is ready to roll out its RE60 model once it gets a go ahead from the government.
It's got four wheels and seatbelts but the creator of India's first quadricycle would rather not call it a car.
Bajaj Auto is likely to launch the much-awaited Quadricycle.
Due to the low power engine, the chances of serious accidents are less compared to other four-wheelers.
Bajaj talks about his plans for the RE-60, which was showcased in January last year in the Auto Expo, to Business Standard.
After five years, we are still waiting for permission to sell our four-wheeler in the country: Rahul Bajaj.
At present, there are many vehicles that weigh close to the proposed increased weight of 600 kg.
Consumer groups have urged Bajaj Auto not to bring the Qute to India until such a time that necessary adjustments have been made to its design
"It's about playing to your strengths and trying to win."
'The majority of transmission will be via people who are within two metres of one another.' 'The closer you are, the more likely that you'll be infected.'
The company, which produced 970 units on Sunday from the facility, produced 1,250 units on Monday, a senior executive of the company said.
With deregulation in diesel prices, this variant does not make sense.
Those that are developing quadricycles from scratch say it will take them at least two years to roll them out.
The top losers from the Sensex pack are ONGC, Coal India, Vedanta, Reliance Inds and L&T.
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