Looking to complete its range of vehicles in the automobile sector, two-wheeler major Bajaj Auto has embarked on a four-year programme to develop a quadricycle for the Indian market.
"We are looking at developing an economical and convenient mode of transport on four wheels," Bajaj Auto chairman Rahul Bajaj told PTI in New Delhi.
Bajaj, who was in the capital to participate at a Confederation of Indian Industry conference earlier this week, said the quadricycle programme would take about four years.
"Initially it may be used for goods, and then later for passengers," Bajaj said.
Asked whether the company was looking at a tie-up for developing the vehicle, he said partnerships for getting latest technology would always be sought for. "Why not, technology is something for which we have been and will always look for partnerships," Bajaj said.
However, he refused further details on the matter.
It may be mentioned here that Bajaj is not the first company, which is looking to develop a quadricycle for the Indian market. TVS Motors and Piaggio have both said earlier that they were looking to develop such a vehicle for the Indian market.