While Tata launches the People's car, Bajaj has surprised by unveiling it own cheap passenger car, the 4 seater Bajaj Lite concept.
Launch date is expected to be a couple of years down the line.Expected fuel efficiency of the Bajaj Lite is 35 kmpl which is higher than Tata's Nano which is 20 kmpl.
Bajaj earlier announced tie up with Renault of France. The expected price is Rs 1,17,000.The car will be marginally smaller than the average small car with a twin-cylinder engine. Transmission is expected to be a new format semi-automatic version.
