Renault-Nissan-Bajaj Trio Reached a Pact
We had heard lot about the Bajaj Lite and Renault’s small cars project. When the Bajaj-Renault agreement ran into rough weather, it seems that the car had gone into oblivion. Even the tri-party agreement between Renault, Nissan and Bajaj seemed to be headed nowhere.
But now the sun shine on the ambitious small car project is back. Bajaj-Nissan and Renault have formed a joined venture to develop the low cost car. The car will cost Rs 1 lakh and is likely to hit the road in 2011.
So far, the car is under development and so is the plant in Chennai where manufacturing of the car will take place. Renault-Nissan-Bajaj small car will soon be ready to compete Tata Nano.
Labels: Renault-Nissan-Bajaj agreement, Small Car
1 Comments:
Will this "ULC" see light...??
Its the time of Low cost cars and now comes here the Ultra Low Cost Car from the trio Bajaj-Nissan- Renault.
Lets hope they'll atleast finish the manufacturing unit by the end of "2011"
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