You are here: Home » Companies » News
Business Standard

Renault-Nissan-Bajaj car prototype to be ready by next year

Press Trust of India  |  New Delhi 

French carmaker Renault today said the prototype of its utra low-cost car for the Indian market, being developed in partnership with Nissan and Bajaj, will be ready by early next year.

"All details related to the ultra low-cost car and its prototype will be ready by the end of this year or early next year," Renault India Country General Manager Marc Nassif told reporters on the sidelines of the Society of Indian Automobile Manufacturers (SIAM) summit here.

The Franco-Japanese alliance, Renault-Nissan is currently developing a ultra low-cost car with the Indian two -wheeler maker Bajaj, which is scheduled to hit the market by 2012 with an agreed price of $2,500.

When asked about the details of the project, Nassif said the partners will finalise the exact pricing, engine capacity and marketing strategy by next year.


The project had reportedly had faced some hurdles due to lack of consensus among partners on some issues. However, now the have agreed that Bajaj will be responsible for developing and manufacturing the car, while Renault-Nissan will manage branding and marketing.

The proposed car which was earlier scheduled to be launched before 2012, is likely to give hot chase to the Tata's Nano.

Dear Reader,


Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.
We, however, have a request.

As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.

Support quality journalism and subscribe to Business Standard.

Digital Editor

First Published: Thu, August 26 2010. 14:06 IST
RECOMMENDED FOR YOU
.