Bajaj Auto unveiled its new ultra-low-cost car, the RE60, to compete with the Tata Nano in the small, affordable car market. The RE60 is a 200cc, 4-seater vehicle that gets 35 kilometers per liter of fuel and emits just 60 grams of carbon dioxide per kilometer. It is targeted towards urban commuters but can also be used by motor rickshaw drivers. While Bajaj highlighted the car's efficiency and low emissions, they did not reveal the price yet. The RE60 will enter the same market segment as the Tata Nano, India's lowest priced car starting at 140,880 rupees.

2. COMPETITOR OF NANO

3. NANO

4. Finally Bajaj Auto unveiled its ultra-low-cost car today. With its first step
into the four wheel segment market, Bajaj is been aiming the low cost car
segment with the likes of Tata Nano. Bajaj Auto is pitching this vehicle as an
solution to urban pollution and congestion.

5. The group displayed the compact RE60 here
today. The main stress of the group remained
on RE60's high fuel efficiency and low
emission of carbon dioxide. But it kept the
price tag of the car a secret adding a sense of
mysteriousness to the launch of the vehicle.
"At Bajaj Auto, we believe the people of the
planet deserve much better, much faster,"
said Rajiv Bajaj, managing director of the
group.

6. RE60 is a 200cc vehicle which is set to enter
the same segment of the market as the
world's cheapest car. This Indian made car will
do 35 kilometres per litre and is believed to
emit just 60 grammes of carbon dioxide per
kilometre.

7. The car maker believes the three- wheeler
motor-rickshaws as its main customers, but
they are happy enough if anyone else would
like to take it home with them. The narrow
four-seater car will do a top speed of 70
kilometres an hour and weighs just 400 kilo
grammes, with Bajaj stressing that it had been
designed specifically for urban commuters.

8. The Tata Nano was launched in 2009 and costs
as little as Rs 140,880 rupees ($2,770) for the
no-frills model.

9. Earlier this year, Bajaj abandoned a joint
project with France's Renault and its Japanese
partner Nissan to develop a low-cost car.