Mr. Rajiv Bajaj, MD and Mr. R C Maheshwari, President – CV Bajaj Auto Ltd. with the newly launched RE – Compact
Portraying a high level of fuel efficiency, low maintenance cost and advanced features, these three wheelers will be launched in a phased manner across the country and will be a boon to buyers. The two stroke RE Compact petrol engine variants are priced at INR 1.03 lakhs while the four stroke will come in at a price of 1.15 lakhs. With 10-15% better fuel efficiency, lower maintenance costs and improved mileage, users will be able to save upto INR 20,000 per annum.
RE Compact vehicles see improvements in many quarters right from its low maintenance cost to lesser down time, greater driver and passenger comforts and enhanced external looks. The vehicle has been put through a series of tests for over 200 days and with 100 customers who have tested these vehicles and found them highly improved over the current range.
R.C. Maheshwari, President – Commercial Vehicles, Bajaj Auto Ltd. said “RE ‘Compact’ is the Small or ‘Compact’ sized Autorickshaw that we see in all our cities, towns and villages. We have around 85% market share in this small sized category – both Gasoline and Diesel. The new RE ‘Compact’ range will not only help us defend this overwhelming leadership position but also expand the market size by inducing our existing customers into replacing their old vehicles by these greener, more fuel efficient, more comfortable and more reliable vehicles.”
“We estimate that our customers, due to the improvement in fuel efficiency and reduction in maintenance costs, can save, and hence increase their incomes, up to Rs. 20,000=00 per annum by replacing their older vehicles with the RE ‘Compact’.The new RE compact range is very efficient, and offers lesser maintenance and more savings and comfort for our customers. Our mission is to keep enhancing the customer benefits and the user experience through continuous improvements and the new range promises to fulfill this mission.” He added, “What one can see are only a few changes. The changes in technology, that is not visible but would be experienced over the life of the vehicle, is enormous. Our customers would find a huge improvement in their earnings and experience a vast improvement in the quality of their lives.The world’s no 1 three-wheeler has just become better”