Four wheeler from Bajaj, Renault-Nissan in 2012

Four wheeler from Bajaj and Renault-Nissan Alliance to be launched in 2012

New Delhi: Carlos Ghosn, Chairman and CEO, Renault-Nissan Alliance, today announced that the Renault-Nissan Alliance has decided to develop an innovative new four-wheel product in partnership with Bajaj Auto Ltd.

"The design, engineering, manufacturing and supply-base expertise to create this all-new product will be executed by Bajaj with the support of the Renault-Nissan Alliance. The marketing and distribution will be led by the Alliance, with the support of Bajaj," Carlos Ghosn said. The financial equity structure of the project will remain the same as before. The Renault-Nissan Alliance will be responsible for selecting the brand name of the car.

"We intend to bring this highly price-competitive and fuel-efficient product to the Indian market in 2012," he added.

He was speaking at the conclusion of the India Economic Summit in New Delhi.

"We not only see demand for this type of highly innovative product in the Indian market, but also in other emerging markets where creating affordable personal transportation is so critical," he said.

The car will be exported to Africa, South America and many other developing countries around India.

"My visit to India has reinforced my belief that this market will be increasingly important for the Renault-Nissan Alliance. I am confident we will continue to develop the right plans with the right partners to be successful in India," he concluded.


MACHINIST - Four wheeler from Bajaj and Renault-Nissan Alliance to be launched in 2012

Re: Four wheeler from Bajaj, Renault-Nissan in 201

The Renault-Nissan combine and its Indian partner Bajaj Auto Ltd will roll out an ultra low-cost car in 2012 that will cost less than Tata Motor’s Nano, the world’s cheapest car.

The proposed car — codenamed ULC — will also consume less fuel than any other four-wheeler on the Indian road, said Carlos Ghosn, president and chief executive of both the French and Japanese carmakers.
The success of the car is crucial to Renault-Nissan, which commands 10 per cent of the global market but accounts for only 1 per cent cars sold in India.

“This is a market that’s going to be one of the largest, and we want to make sure that whatever we do, we do it right,” Ghosn said.

He predicted the Indian market could grow more than four times to 6 million in 10 years.
The design, manufacturing and sourcing for the ULC would be done by Bajaj Auto, while marketing of the car in India and overseas would be handled by Renault-Nissan, Ghosn said.

Renault takes on Nano, promises ?cheapest car?- Hindustan Times

Re: Four wheeler from Bajaj, Renault-Nissan in 201

ohh nice

Re: Four wheeler from Bajaj, Renault-Nissan in 201

ok --------