Bajaj's small car to roll out from Waluj
While the Bajaj Auto's new small car project that works in a joint venture with Nissan and Renault has been delayed for quite a few times in the domestic circuit, but perhaps the project is now on track.
In fact, Rajiv Bajaj, the managing director of second-largest producer of two-wheelers in the Indian market recently said that the product will be rolled out of the Waluj plant and not from the initially expected Chakan unit.
The junior Bajaj also pointed out the fact that the company is investing close to Rs 500 crore in this project wherein the total project is worth Rs. 2000 crore. It is to be mentioned here that the company was facing several issues in acquiring land at its Waluj unit. The company has close to 250 acres of land at its Waluj unit but the company required an additional 100 acres.
In fact, Rajiv also said that the company may look at reentering the scooters market keeping in mind the bright prospects of the segment. The company had announced the decision of exiting the scooters market last year.