Two- and three-wheeler major Bajaj Auto said today that it is hoping to export 10,000 units of the indigenously developed quadricycle Qute in the current financial year.
While last year exports of the light four-wheeler closed at 334 units to 19 global markets ranging from Turkey, Russia to Indonesia and Peru, the company is ramping up output to meet demand.
Bajaj Auto is increasing production at its Waluj (Aurangabad) plant to meet the export demand of Qute in April and is thus expected to be over 500 units.
"Currently total exports for FY17 are estimated at 10,000 units as the higher safety, lower emissions, and unparalleled fuel economy of the Qute finds favor amongst two- and three-wheeler consumers who desire these benefits but cannot afford a car," said S Ravikumar, President Business Development and Assurance, Bajaj Auto.
On Wednesday Belgium-based crash test agency Euro Ncap slammed the four quadricycles it tested, including the Qute, giving it a single star rating for safety.
However, this rating was still higher than the zero star safety rating that some hatchbacks such as Ford Figo, Hyundai i10, Maruti Alto and Tata Nano were accorded by Global Ncap two years ago.