Watch out Tata Nano! Another under 3000 USD car coming
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PARIS/PUNE/TOKYO (May 12, 2008) – Mr. Rajiv Bajaj, Managing Director of Bajaj and Mr.
Carlos Ghosn, President and CEO of Renault and President and CEO of Nissan, today
announced they will form a joint-venture company to develop, produce and market the car in India code-named ULC with a wholesale price range starting from 2500 USD.
The new joint-venture company will be 50% owned by Bajaj Auto, 25% by Renault and 25% by Nissan.
Continue to read: Watch out Tata Nano! Another under 3000 USD car coming
