Bajaj's small car offering - the Bajaj Lite - was unveiled in New Delhi ahead of the Auto Expo 2008.
According to Rajiv Bajaj, managing director of Baja Auto, the car will have a transmission which is unique in that it won't be an automatic transmission or a geared vehicle but something in between. The price which renault is targeting for the small car is $ 3000, which translates to Rs 1,17,000 at current exchange rates. But this is just a figure - production costs and exchange rates boith could change massively by the time the car is ready for production.
The troubles that Tata Motors has had in getting its Nano microcar off the ground have been well documented - after a series of protests turned violent over a land dispute between local farmers in West Bengal and the Indian automaker, production was moved to Tata's Pantnagar facility. Despite the massive setback (Tata had almost completed construction of the main plant before moving), the Indian automaker reportedly believes that it can assemble 80,000 Nanos by March of 2010.