At a time when the automobile industry is gearing up for the Delhi Auto Expo, Bajaj Auto MD Rajiv Bajaj on Monday said it is too expensive to participate in the biennial show and wasteful to create expensive concepts. The company, which unveiled its new bike V on Monday, is skipping this year’s Auto Expo citing high costs. The expo, which will be held from February 5 to 9 at Greater Noida, is expected to witness 80 launches. “To participate in such events, it takes Rs 10-15 crore to make those concepts and the poor R&D Department is spending half its time creating these concepts. “There are some big car firms who have big money, they can do it. We are a small company. So such an amount is not affordable for us,” Bajaj said here. Elaborating his position, he said: “To show the same thing, V model, over there (at Auto Expo) it is Rs 5 crore, we have managed it here for Rs 5 lakh,” he said.