Bajaj Auto said it is aiming for a fuel economy of 30 km per litre for the ultra low cost car that it is developing with Renault-Nissan as it looks to woo two-wheeler customers.
The ultra low cost car (ULC), which will be competing with Nano, aims to better the mileage of 23.6 km/lt, given by the world’s cheapest car from the stable of Tata Motors. On an average the existing small cars in the Indian market give fuel economy of 15-18 km/lt.
Not only the mileage but Bajaj aims to deliver an eco-friendly product that could have the least carbon dioxide emission and replicate what it has been able to achieve in motorcycles.
On the pricing front, he said Bajaj’s aim is to lower the overall cost of ownership, irrespective of how it is priced. The ultra low cost car is scheduled to hit the market in 2012.