India's Bajaj says cheap bike to tap new segment

Newswire

By Arif Sharif NEW DELHI, Sept 27 (Reuters) - India's second-biggest motorcycle maker, Bajaj Auto, expects a new, low-end model it plans to launch shortly to attract potential buyers of cheaper two-wheeled vehicles such as mopeds and small ungeared scooters. Bajaj's marketing vice-president said that the 'Byk' would cost about 30,000 rupees ($620) after taxes and fees, which was cheaper than all motorcycle models. Mopeds cost between 20,000 and 25,000 rupees and ungeared scooters around ...

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