Bajaj RE60, is a glorified autorickshaw

200CC, 20BHP, Top Speed: 70Kmph .. 

 they do not call it a CAR, it's a four wheeler: Bajaj RE60!! 4 wheeler with a (3 wheeler) engine! After seeing pictures of the Bajaj RE60. instant thought was Oh look, Maruti Suzuki, there is an uglier car than the Ritz. can gift your wife/girlfriend when you want to break up with her. i mean this is what you get when Scorpio and WagonR decide to have a child. or just looks like a WagonR suffering from AIDS. reminds me the face of Uday Chopra The Tata Nano became a No No now the Bajaj RE60 what can I say a Modern Tuk Tuk 

It is now official that Bajaj Auto can only make autorickshaws, albeit in different sizes and price ranges Say hello to India's next autorikshaw Now you can buy a four wheeler Auto-Rickshaw for your home.. Looks promising at 40km/ltr but cannot replace rickshaws, not till it can flick through traffic with same agility as the three wheelers can. is not supposed to be a competition to Nano. It's a revamped rickshaw. 

The ultra low cost car, the Bajaj RE60, is a glorified autorickshaw. Hope for the noisy, polluting ricks to be phased out.. Hope the Bajaj RE60 is less polluting than their auto-rickshaws, which have clearly taken India's CO2 emission several percentage points up.

On serious note

The RE60 caters to the commercial passenger segment and is designed to gradually replace the autorickshaw as a mode of transport. And the Bajaj MD has a point, as the RE60, complete with four wheels and doors, is a much safer and convenient mode of transport compared to the three-wheeler autorickshaw. 

The four-wheeler will have a 200cc, water-cooled, fuel-injected DTSi engine that will put out roughly 20 PS of power but the light kerb weight of just 400 kgs gives the vehicle a power to weight ratio similar to A-segment cars in India. The engine is mounted at the rear of the four-wheeler and as a result boot space is limited to 44 litres.

On the inside, the RE60 makes no fuss about what it is. The base model comes with an integrated digital fare meter in the dashboard. The instrument cluster is on the center of the dashboard with the gear lever just underneath it. The indicator and headlamp stalks are in the correct place on both sides of the steering wheel, which like that of a traditional four wheeler is circular in shape. The RE60 is designed to seat four passengers including the driver. That’s two upfront and two at the back.

While the RE60 is designed to be a commercial passenger vehicle Rajiv Bajaj does not rule out the possibility of the vehicle entering various peripheral segments as is the case with its three wheelers. Bajaj recalled Delhi Chief Minister Shiela Dikshit’s reaction to the RE60’s design as saying, “The autorickshaws are an eyesore for tourists and visitors.” It is true that the RE60 does look better than the autorickshaw, however, the biggest advantage of the four-wheeler over three wheelers is the enhanced safety thanks to a better balance.

Bajaj RE60.

Different types of credit cards - A GUIDE

12 types of credit cards you must know of and when you become eligible to own one.

Convenient, quick, safe and trustworthy -- credit cards have become an inevitable part of our modern lifestyle. Knowing the type of credit card that suits the profile of the person concerned the best is important before selecting the card of choice.

With hoards of credit cards being issued by credit card companies, it becomes necessary for an individual to first know the various kinds of credit cards being offered by banks and financial institutions in India.

 

1. Regular credit cards

This is the most basic type of credit card. It has a low credit limit and the most basic status among various credit cards. Credit card companies can club various other reward programmes like travel rewards, cash back offers etc to enhance its value and appeal to customers.

2. Silver credit cards

Silver credit cards have higher eligibility criteria than regular credit cards. They bring more benefits to the card holder as well as have higher credit limits than regular credit cards. For example the ICICI Bank Sterling Silver credit cards require salaried individuals to have an income of Rs 96,000 per annum while self-employed people need to have Rs 1,00,000 per annum as income.

3. Gold credit cards

Gold credit cards have a higher status and credit limits over silver credit cards. Thus the eligibility criteria needed for these cards is also higher than other cards. For example ICICI Bank American Express Gold card has income requirement of Rs 1,20,000 per annum for salaried individuals and Rs 1,00,000 per annum for self-employed people.

4. Platinum or Titanium credit cards

These types of credit cards bring more benefits to credit card holders than regular, silver or gold credit cards. These credit cards generally have platinum or titanium hue and are issued to a select class of clients who have excellent financial background and good income levels. Platinum credit cards have personal concierge services, in addition to exclusive platinum benefits.

5. Signature credit cardsA league of its own, the Signature credit cards usually have no pre-set spending limits, personal concierge service, signature travel, lounge and membership benefits. Offered to a very elite group, these credit cards require an excellent financial status. On June 9, 2007 ICICI Bank came up with the Visa Signature card and became the first credit card issuer in India to launch a premium credit card. This credit card has a joining fee of Rs 25,000 and no annual fees.

6. Credit cards by invitation only

These cards form the most elite form of credit cards and are given to customers only by invitation. This means no one can apply for these credit cards. For example, the American Express Black Credit Card, popularly called the Centurion Card, is issued by invitation to the most exclusive and elite, to those who spend a certain minimum amount (which can run into crores of rupees).

These cards have huge annual fees and minimum spending levels. In fact these credit cards are so exclusive, that they have an aura of mystery surrounding them and are considered as status symbols.

7. Reward cards

There are credit cards which offer rewards for specific kinds of purchases. For example the Airline Reward credit cards offer rewards on air travel, cash back credit cards offer cash rewards on every credit card purchases, fuel reward credit cards offer rebates on petroleum and other fuel purchases from specified outlets and preferred partners.

Similarly hotel reward credit cards give rebates on hotel stay and related expenses and health rewards credit cards give benefits on medical expenses, health treatments and related activities. The rewards offered by credit card companies in alliance with various brands and stores, make them more attractive for the credit card holders.

8. Business credit cardsThese credit cards are issued to businessmen or corporate users which helps them in their business related activities and separates their business and personal expenses. For example the HDFC Bank Corporate Card comes with a unique 24x7 MIS availability online. The business credit cards are also a great way to promote your business.
The ICICI Bank Business Credit Card has an option for embossing of company name on the credit card.

9. Student credit cards

As the name implies these credit cards are especially designed for students and help them start their credit card journey. These credit cards bring lots of rewards especially suited for students, which help them save time, money and enjoy their student life. Student credit cards are a first step towards building credit history.A good credit history goes a long way in creating a relationship with banks helping you secure much needed loans and credit in the future.

10. Special feature credit cards

Credit cards can also be grouped on the basis of their features. For example based on their introductory interest rates, credit cards can be low introductory interest credit cards, or 0 (zero) intro interest credit cards. The 0 intro interest credit cards provide interest free credit (0 per cent) for a specified time period, which is called the introductory period. Similar is the case with credit cards that come without any annual fee what so ever and are called no annual fee credit cards.

11. Balance transfer credit cards

Credit card companies provide lucrative offers with 0 per cent introductory interest or low introductory interest charges on balance transfers. This allows credit card holders to transfer the outstanding balances on their existing credit cards to a credit card with low or 0 interest on balance transfers. This brings them a lot of savings in the interest rates. The balance transfer credit cards may charge a balance transfer fees for every such operation.

12. Affinity credit cards

This is a special type of credit card which has a special tie-up or relation with an organisation, store, institution or company. This credit card carries the logo of the affiliated organisation on the card design and brings special benefits and discounts on products from that company. In case the affiliated company is a charity or non-profit organisation, a part of the credit card expenses go into the affiliate organisation's account.

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