Tata quadricycle Project Bravo to compete with Bajaj RE60
Tata Motors had been opposing the idea of quadricycles in India, explicitly over last two years. Responding to Bajaj RE60, late Karl Slym, the then Managing Director of Tata Motors, commented that it is a sign of regression.
Tata Motors suggested that when the government and industry are making efforts to improve traffic safety and market standards, introduction of quadricycles would pose as a contradiction to the goals.
But the bigger picture Bajaj Auto sees, which probably Tata Motors also has realised now, is that quadricycles do not discourage entry-level car buyers, but will serve as an upgrade to auto rickshaw business, adding a layer of safety to commuting. Tata quadricycle Project Bravo is said to be based on Iris LCV platform, with an all-new petrol engine. Launch is expected not before 2018.
Bajaj Auto has invested Rs. 550 crore for development of Bajaj RE60, and has facilitated 60,000 units annual production capacity at its Aurangabad plant. Despite Indian Central Motor Vehicle Rules (CMVR) approving launch of quadricycles, several high courts have issued a stay on Bajaj RE60 which was supposed to launch in last October. Further development on the release of Bajaj RE60 will come to light after the next hearing on March 10, 2015.
Via – Business Standard