Bajaj Auto Ltd plans to roll out 5,000 units of its much-delayed four-seater "quadricycle" codenamed RE-60 from its Aurangabad plant, the auto major said on Friday.
The company plans to roll out 5,000 units a month to begin with, Bajaj Auto's managing director Rajiv Bajaj said, adding that though it has an in-principle go-ahead from the government, commercial production would happen only after a government-appointed committee submits its report.
The committee will be required to define the category of this vehicle.
The company claims that the vehicle's 216-litre petrol engine will deliver a mileage of 35 km per litre, with lowest emissions.
Unveiling the four-seater RE60 here, Bajaj said the company will roll out the "revolutionary four-wheeler RE60" from its Aurangabad plant, where it used to manufacture its once iconic scooters.
However, he refused to divulge a tentative price tag or the investment in developing the vehicle.
"Pricing will be decided only after regulations are in place," he said.
Explaining the reason for the committee report, R C Maheshwari, Bajaj Auto's president for commercial vehicles, said, "The government has given us an in-principle approval to create this new class of four-wheelers or quadricycles."
"A committee is working on regulations and norms for such vehicles. We understand that the process for the final inclusion of this new class in the commercial vehicles segment will take a few months more," he said.
He also pointed out that such vehicles have already been classified in Europe, USA, Canada, Japan and other parts of Asia and suggested that the government follow similar classification and standards.