Nano, was the sensational car in Indian auto industry, which surprised the global market. The another low cost car, Ultra is going to be introduced by the Bajaj. This low cost car would compete with Nano.
This will be introduced by Bajaj, which is involving with two ventures such as Renault-Nissan. The proposed price of the car is Rs.1.5 lakh.
According to the Managing Director of the Bajaj, the low cost car would penetrate the auto market in India. Mileage of the car would be 30 km per liter.
Bajaj is handling it’s two wheeler market with it’s bikes such as Pulsar and Discover. Earlier they dealt with the Bajaj Chetak. In recent months, they performed well. This standard would be applied on the proposed small car. The company hopes, that the proposed car would lead the Indian auto market. The proposed car would be introduced by 2012 in Indian auto market.