Bajaj Auto to launch Ace competitor

Bajaj Auto intends to go ahead with its proposal to produce commercial vehicles but only after tweaking the originally-proposed product to bring it more in line with the market needs.

Mr. Bajaj had said in April that the company may not get into commercial vehicles and that it was flexible enough in its outlook to give up a proposal if that did not make sense.

He said that the current thinking in the company is to produce a “one-tonne” truck. (Earlier, other senior officials of the company, like Mr R.C. Maheshwari, CEO, Commercial Vehicles, had said that Bajaj Auto would produce a 3.5-tonne vehicle.)

Mr Madhur Bajaj said the details regarding the location and investments were being finalised. However, he hinted that the company may not put up the commercial vehicles plant at Chakan (as was initially planned). He added the product could come out about a year from now.

Source: Hindu Business line