Though Bajaj has not yet revealed the prices for the RE 60, it is believed to be a ultra-low cost car and will compete with the Tata Nano, currently the cheapest car in the world. Bajaj has been working with Nissan Motor Co and Renault SA on a project to develop an ultra low-cost mini car. The Bajaj RE60 will be manufactured in Aurangabad. Its engine is a new water-cooled DTSi 4 (Digital Twin Spark Ignition) and able to accelerate to a maximum speed of 70km per hour. The small car can accommodate four peopl