The Renault-Nissan French and Japanese auto alliance said Monday it's forming a joint venture with Bajaj Auto Ltd. of India to develop, make and sell an inexpensive car there with a price starting at US$2,500.
The companies had been talking about such a plan amid efforts by many carmakers to woo India's burgeoning middle class with models priced around that level .
Nissan, which has been eager to move ahead with plans for a cheap car offering in India, said the car, code-named ULC, will be made at a new plant in Chakan in India, with annual production capacity of 400,000 vehicles.
Sales are scheduled to start in early 2011 in India, Nissan said. …
No comments:
Post a Comment