Mar 25, 2007

Bajaj Auto to make cars: Rahul Bajaj

Facing the heat over the prospect of Tatas' Rs 1 lakh car affecting the two-wheeler market, Bajaj Auto today said it may build cars to ward off the threat.

"The JD power study says that it (Tata's one lakh car) will affect the two-wheeler market. If that happens then we would also manufacture cars for the market," Bajaj Auto chairman Rahul Bajaj said.

International consultancy firm JD Power said early this week the "people's car" from Tatas that will come out on the roads in 2008 could create a major dent in top-end motorcycle sales with its lucrative price tag, provided the corporate house gets the product right in the first shot.

Bajaj's statement is the first confirmation that the country's top three-wheeler and second-largest motorcycle maker was interested in developing a low-cost car.

The company had earlier announced it was developing a four-wheeler goods carrier scheduled for launch in 2009.

BUY BAJAJ AUTO -- TARGET -- 3000 + ( 1 YEAR HOLD )
EXPECT A GOOD VALUE UNLOCKING IN THE DEMERGER .

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