The Tata Nano may not be the runaway sales success the vehicle's Indian manufacturers had hoped, but that hasn't stopped other automakers from eying India's blooming inexpensive vehicle segment. The country's largest manufacturer of three wheelers is set to dip a toe into the automotive manufacturing with an all-new vehicle. The Bajaj RE60 features a water-cooled 200cc engine with around 20 horsepower, and as a result, the vehicle has a top speed of just 43 mph. That may not be quick, but the company says there's room for up to four people indoors or up to 14.1 cubic feet of cargo area with the rear seats folded flat.

The Bajaj RE60 weighs in at a mere 880 pounds, and the company plans to offer several fuel variants. Gasoline, liquid propane gas and compressed natural gas versions will all be available, though buyers won't be able to get their hands on an RE60 with a diesel engine. So far, there's no word on price, but we're guessing it'll have to undercut the Tata.

Hit the jump for the press release and check out the gallery of photos provided by our friends at Indian Autos Blog.
Related GalleryBajaj RE60
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Bajaj Auto unveils revolutionary 4 wheeler - RE60

A small step in technology, a giant leap in CO2 reduction.

New Delhi, January 3, 2011: Bajaj Auto – the world's largest manufacturer of threewheelers, is all set to revolutionize the mass transportation in the country with the introduction of its new four wheeled vehicle-RE60. Developed in house, this new 4 wheeler is going to set a global benchmark in CO2 emissions – an unbelievable 60 gm/km – and deliver an amazing mileage of 35 kmpl.

Over the past many years, the need for greener automobiles has invariably been echoed with a call for more time for technology development, more subsidies for sales and more investment in infrastructure.

"At Bajaj Auto, we believe the people of this planet deserve much better, much
faster" says their MD, Rajiv Bajaj. "We, therefore, decided to focus our efforts on developing vehicles powered by engines using available natural resources and infrastructure.

"We are very excited with the outcome of our efforts and, in the RE60, we believe we
have an excellent solution for the mobility challenges arising from the rapid
urbanization of India."

He further added, "In the RE 60 we have an immediate solution to pollution that
doesn't need new infrastructure, huge subsidies or time".

The key technological and design innovations of the RE 60 that have resulted in the
amazing emission and mileage figures are:

A light weight yet robust monocoque Metal-polymer hybrid structure

Water cooled DTSi 4 valve engine with a closed loop fuel injection system for
high performance and amazing fuel efficiency.

Minimizing frictional and transmission losses.

Mr. Rajiv Bajaj stressed "We are presenting an optimized solution for intra-city
passenger transport. This vehicle has been designed for intra-city use keeping in mind
the intra-city duty cycles and safety requirements."

Mr. R.C.Maheshwari, President, Commercial Vehicles, Bajaj Auto Ltd. Said "The vehicle presents a small, simple solution to combat pollution and inflation. It does not need investments in infrastructure, does not need subsidies and does not need time"

He added "It retains a small footprint – nearly the same as our Autorickshaw, is highly
maneuverable and can keep pace with the moving traffic. At the same its limited top
speed makes it intrinsically safer for pedestrians, cyclists and two wheeler riders".

"Front and rear seat belts, doors and hard top are its other features"

"Not only are the CO2 emissions remarkably low, its CO, HC and NOx emissions also are
much lower than the Euro IV norms for cars less than 2,500 kgs".

He said "Our RE brand has, for years, stood for affordable transportation for its
passengers and instant livelihood for its owners. Values that have made it the world's
number 1 brand in its category. RE 60 will continue with this tradition."

More about RE60
Low emissions CO2 :: 60gms/km
Highest Mileage 35 kmpl
Maximum Speed 70 kmph
Turning circle radius 3.5 meters
Overall length 2752 mm
Overall width 1312 mm
Overall height 1650 mm
Seating capacity 2+2 or 1+3