Bajaj Auto had planned to launch its RE60 quadricycle in India but, as MD Rajiv Bajaj says PM Modi’s ‘Make in India’ should have started with ‘Market in India’, which is not the case with the RE60 aka Qute.
The company is to start exporting the quadricycles to markets in Latin America, Africa, Europe and Asia at a price of around $2000. They have already started shipping to Turkey and will later cater to Sri Lanka and Bangladesh.
The quadricycles that run 35km on a litre of fuel and can seat four passengers, will be produced at the company’s Aurangabad unit and 100 units a month will be exported.
Meanwhile Bajaj Auto is awaiting its Automotive Research Association of India certification as well as the decision on a public interest litigation filed against it in the Supreme Court.