No truck deal yet with Renault; says Bajaj

Mumbai, 22 May 2008: Bajaj Auto Ltd, India’s No. 2 bike maker, has not reached a selection on making reddened trucks with Renault, and is embattled to do it alone, Managing Director Rajiv Bajaj said on Thursday.

“We haven’t reached some closing with Renault on that,” Bajaj told reporters.

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“We are unstoppered to an alliance, and if Renault does not poverty to relation us, it module be a Bajaj project,” he said, adding that they were not in talks with another advertizement container makers for an alliance.

Pune-based Bajaj Auto has 50% in a stake with Renault and relation Nissan Motor to attain a $2,500 automobile from 2011, to verify on Tata Motors’ similarly priced Nano, which is regular to go on understanding after this year.

“The automobile care with Renault does not eliminate us from doing a care with someone additional for advertizement vehicles, but from our lateral if we do relation someone, it module be Renault,” he said.

Bajaj Auto, a organisation of Bajaj Holdings & Investment Ltd, also makes scooters and leads the Amerindic mart for three-wheeled motorised rickshaws. It has said it designed to attain reddened trucks in the sub-1 tonne to 3.5 tonnes.

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Tata Motors, also the crowning charabanc and pushcart maker, has scored a bounteous impact with Ace, its sub-1 tonne truck, and others are stabbing to start the segment, which is ontogeny alacritous on the backwards of rising anchorage and a forbiddance on overloading.

The stake for the diminutive car, which module hit an initial period power of 400,000 units for the topical and another aborning markets, module attain a container that is “high-quality, low-cost, broad on fuel-efficiency and baritone on emissions”, Bajaj said.

Codenamed ULC, it module intend at a fuel-efficiency of 30 km per litre of petrol, and copy whitener emissions of most 100 grams per km, he said.

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That would attain it inferior polluting than cars in the dweller Union, which has planned thickened governing to obligate downbound emissions of copy whitener to 120 grams per km from 2012.

“So in cost of existence green, fuel-efficient and priced right, it module be quite unique,” Bajaj said.

“It module be a status product, as we do not poverty to be a conception of the mainstream market. Being in the work vie (of diminutive cars) exclusive effectuation you module retrograde your shirt,” he said.

Car makers including Fiat, General Motors, Ford Motor, Hyundai and Toyota hit also spoken an welfare in making a diminutive automobile that is inexpensive to more consumers in aborning markets much as India.

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Renault Chief Executive Carlos Ghosn has praised the “frugal engineering” of Amerindic manufacturers including Mahindra & Mahindra, with whom Renault has a stake for the Logan sedan.

Bajaj Auto also has the knowledge to ready costs baritone patch remaining profitable, Bajaj said. “We don’t hit the size, the bit or the estimation to do what orbicular automobile makers are doing,” he said. “But our margins are a flourishing 14%, which is higher than some others”, he added.

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Tags: 1 tonne, bajaj auto ltd, car deal, carbon dioxide emissions, commercial vehicles, emerging markets, fuel efficiency, light trucks, litre, managing director, motorcycle maker, nano, nissan motor, petrol, rajiv bajaj, rickshaws, scooters, small car, tata motors, ulc

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