Polaris and Eicher JV, though not in news, the team has been working towards a goal which was set in 2012. The two auto majors are very close on starting commercial manufacturing of their first vehicle – a 600 cc diesel engined small car which will be ideally suited for small farmers in rural areas or traders in the city.
The small Eicher-Polaris car / vehicle will get the best of both worlds – offroading characteristics from Polaris, and reliability of a commercial vehicle from Eicher. This upcoming model is currently under development and production is slated to commence in May 2015. The 600cc engined vehicle will be introduced in two versions to include a double cabin micro pick up and multipurpose van.
INR 250 crores has been set apart for this project while the upcoming vehicle will be built of composite material to include a large percentage of plastic and will be built on a tubular frame. Polaris and Eicher will be producing the vehicle from a new facility in Jaipur.
No pricing of this new vehicle has been announced as on date, but the two companies expect to make this vehicle affordable both where price and running are concerned. Engine for this new vehicle will be sourced from Greaves Cotton, which will deliver about 25 kmpl. Plans are afoot to produce 10,000 to 12,000 units in the first year itself which will be increased to 1 lakh units in due course as the company develops export markets.
From what has been said, it seems like this new vehicle from Eicher Polaris is on the lines of a Bajaj RE60 or a Tata Nano, but, improved, rugged, and for a different segment of buyers.
via ET Auto