Bajaj's focus is on the domestic market for now. The company will start exporting only after a few months.
The current production capacity of "V" is 20,000 units and Bajaj will increase the number once the demand grows.
The metal of INS Vikrant has been used on the fuel tank of the bike.
12.31 pm: Rajiv Bajaj, Managing Director, on stage to launch new "V".
150cc DTSI engine
Bajaj "V" is powered by a single cylinder 149.5 4 stroke, SOHC 2 valve, Air cooled, DTS-i engine that can churn out power 11.8bhp of power @ 7500 and 13Nm of peak torque @ 5500.
Black and pearl white
Bajaj "V" features
Solid body, LED tail lamp and tall stance, pumped fuel tank, imposing front fascia, ergonomic handle bar, thick front forks, fatter and thicker tyres --18inch front and 16 inch rear tyres.
Built on Double cradle construction, Bajaj "V" has been styled to give it a neo-classical look. It gets 60watt headlamp, thunderous exhaust and bold and clean body lines along with premium textured seat, removable rear cowl, premium instrument panel.
12.20 pm: Sumeet Narang, Head of marketing takes over the stage from Vas to talk more about "V".
12.19 pm: INS Vikrant Bajaj video plays on the screen.
Bajaj "V" falls in the solid commuter segment.
With "V", Bajaj hopes to create a new segment in the commuter bike segment.
Bajaj "V" is the end result of the thought that a bike that can be ridden with pride.
Bajaj believes "V" is the proudest creation of the company till date.
Eric Vas, President (Motorcycle Business) of Bajaj Auto, on the stage to talk about the new "V" bike.
12.05 pm: Bajaj event begins.
11.48 am: Bajaj ''V'' launch event will kickstart in Delhi within a few minutes.
Decks have been cleared to welcome the much-awaited motorcycle range "V" from popular two-wheeler maker Bajaj. The Pune-based two-wheeler maker will pull the wraps off its new "V" motorcycles, made from the metal of the INS Vikrant, on 1 February.
Bajaj, which released the first teaser video of the all-new "V" -- also called "Valor" -- with the tag line that reads "Made with the invincible metal of INS Vikrant'", will unveil the new sub-brand at an event in New Delhi at 12.00 pm today.
INS Vikrant was commissioned in 1961 and was sent to the scrap yard in 2014. Reports say that Bajaj has collected enough metal from the scrapped aircraft carrier to produce the motorcycles for the next two years.
Although at this point of time technical specifications of the new "V" motorcycles are not known, rumours floating on the web suggest that the first motorcycle of this new brand would be a 150cc executive commuter bike. The company will sell the new range of motorcycles alongside the current Discover range. As for power, the 150cc "V" is likely to share the engine with Bajaj Discover, which currently churns out 14.3bhp of power and 12.75Nm of torque, paired to a 5-speed gearbox. From the teaser images, the bike seems to have adopted a retro look with a sporty rear.
Stay tuned for more details as we bring to you the updates from the launch of Bajaj "V".
Watch the journey of the country's most celebrated aircraft carrier INS Vikrant: