New Delhi, Apr 10: Bajaj Auto on Saturday launched a new entry level bike, 'Platina' starting at Rs 34,000.

"The launch of 'Platina' will redefine current standards and will further strenghten Bajaj Auto's presence in the large 100-110 cc segment," Bajaj Auto Vice President Marketing Two Wheelers S Shridhar said.

The new 100 cc bike comes in two versions with the low-end bike priced at Rs 34,000(ex-showroom Delhi) while the high-end version with alloy wheels is tagged at Rs 36,000 (ex-showroom Delhi). .

The company expects to sell 70,000 to 75,000 units per month and around 25 lakh units of the Platina this fiscal, and gradually make it the largest selling bike in its portfolio. Bajaj Auto is also setting up a new plant in Uttaranchal where it hopes to produce additional 10 lakh units of the Platina.