Sales of the bike would commence from March and the final pricing would be announced at that time.

"The Bajaj V shall usher a new era in commuter motorcycling. We believe the Indian customer buying a commuter motorcycle deserves something that is substantial, solid, and which moves with a sense of purpose," Bajaj Auto President (Motorcycle Business) Eric Vas told reporters here.

The V has been designed and built to be 'invincible and will change the experience of commuter biking' much like the Pulsars changed sports biking, he added.

Bajaj Auto Managing Director Rajiv Bajaj said: "We will start with a capacity of 20,000 units month and should demand exceed that, there is no problem in enhancing the capacity further."

On pricing of V, he said: "It would be between Rs 60,000 and Rs 70,000. Most probably it would be closer to Rs 60,000 than Rs 70,000. We will announce the pricing details at the time when we start deliveries in March."

Bajaj Auto purchased the Vikrant metal and processed it to be a part of V motorcycle.