Bajaj & KTM to launch a range of electric vehicles.
I suppose that the proposed vehicle "Bajaj Lite" maybe an electric one. In an earlier statement, Bajaj said that "Lite" would be positioned between Nano & Maruti 800 in terms of costing.Bangalore-based Reva Electric Car Company (RECC), two-wheeler maker Bajaj Auto and Tata Motors are finalising plans to launch electric vehicles in Europe and the US to take advantage of subsidies these countries are offering as part of their environmental agendas.
Meanwhile, Pune-based Bajaj Auto has tied up with European two-wheeler maker KTM (of which it owns 31 per cent) to launch a range of electric vehicles.
Well, with an electric powered engine, they might announce the Lite with an even more attractive price tag.
It maybe a small news, but it's relevant to the biker too.
Source: Indian manufacturers eye US, Europe for electric vehicles