Tuesday, November 10, 2009

Bajaj Auto and Nissan-Renault to announce the details of their ultra low-cost car

Bajaj Auto and Nissan-Renault have resolved their differences and are set to announce the details of the proposed joint venture for making the ultra low-cost car on Tuesday. Nissan Renault CEO Carlos Ghosn met Bajaj Auto MD Rajiv Bajaj Monday evening to settle issues relating to branding and the basic concept of the car that were delaying the project.

With Rajiv Bajaj being the only partner Mr Ghosn met in this current visit to India, it seems likely that the $2,500 car will be Nissan-Renault’s flagship project in India. The two partners have decided to go to market together with the ultra low-cost car.

The Economic Times

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