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Bajaj Auto targets to export 10,000 units of Qute in FY17
Posted on 7th April 2016
Bajaj Auto on Thursday said it expects to export 10,000 units of its quadricycle Qute in the ongoing fiscal even as the mini four-wheeler awaits clearance for sale in India.

The company had introduced Qute in October and exported a total of 334 units to 19 markets including Turkey, Russia, Indonesia and Peru in 2015-16, Bajaj Auto President Business Development and Assurance S Ravikumar said in a statement.

"With a strong positive reception in all markets without exception, production at Waluj (plant) is being ramped up to export over 500 Qute in April 2016 alone. Currently total exports for FY17 are estimated at 10,000 units," he added.

Ravikumar said owing to its higher safety, lower emissions, and unparalleled fuel Qute is finding favour amongst two and three-wheeler consumers who cannot afford a car.

"Even as Qute goes from strength to strength in its global markets, Bajaj continues to await clearance for the sales of Qute in India," he said, adding the vehicle has also been accorded one star safety rating by Euro NCAP.

Related Companies: Bajaj Auto Limited   

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HDFC AMC slips 5% as Standard Life to sell additional stake via OFS
Posted on 5th December 2019

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RBI surprise: Repo rate left unchanged; FY20 GDP forecast lowered to 5%
Posted on 5th December 2019

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Polycab India hits fresh record high; stock zooms 100% from August low
Posted on 5th December 2019

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