
Bajaj Auto MD Rajiv Bajaj told the press that Bajaj will develop two motorcycle platforms with partner KTM. Bajaj already owns 21% of KTM and will gradually increase this share to 25% over the next few months. KTM & Bajaj will develop the two new four-stroke bikes in 125cc and 250cc variants, which will be badged “KTM” and are to be launched in the second half of 2010. The bikes will cater to both European and Far Eastern customers. Sales are expected to hit 100,000 units per annum.
Bajaj is also introducing a low-cost small car to compete with the recently launched Tata Nano, which was launched by Tata Motors yesterday. Bajaj claims that their low-cost car would offer lower maintenance costs. Nissan-Renault are partnering Bajaj in this venture.
Bajaj sells the twin-spark Pulsar DTS-Fi, which is arguably India’s first fuel-injected production 2-wheeler. Bajaj is also India’s biggest 3-wheeler (Auto Rickshaw) manufacturer.
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