Auto maker Bajaj on Wednesday launched a three-wheeler cargo vehicle in the country, priced at Rs 1.04 lakh (ex-showroom, Pune).
“With the launch of this vehicle, we are meeting the needs of those customers with payloads up to 600 kg and are not willing to pay high operating and fixed costs,” Bajaj Auto Chief Executive Officer R C Maheshwari said in a statement.
The company is confident that the vehicle is going to be “realignment of categories” in the small commercial vehicle segment, he added.
“We are confident that with this launch we would have strong foot hold in small commercial vehicle,” Mr. Maheshwari said.
