The car -- which reminds you of the Matiz front on, but has a very upright auto-like back -- has been conceptualized by the Bajaj team at Akurdi, near Pune.
". . . but definitely, the small car from Bajaj will not be a Rs 1 lakh nor a Rs 10 lakh (Rs 1 million) car. Price is not the centre of the product, but it will offer twice the fuel economy that the existing products in the market," Rajiv Bajaj said, adding that the car could be powered by both diesel and petrol engines.
BAL and French carmaker Renault are currently undertaking a feasibility study for partnership in the small car project and is expected to be completed by next month, he added.
They are developing both diesel and petrol engines. Bajaj Auto will also be setting up a new manufacturing unit in Chakan that will manufacture the small car and light commercial vehicle.
