Last year,the company's CEO Carlos Ghosn had announced plans to to build a small, ultra-low-cost car in association with an Indian company. He had said that his company would gain from the Indian partner's skills in frugal product planning and frugal engineering since the objective is to make a low-cost car, and still make a profit.
The company is in talks with India's Bajaj Auto to explore the possibility of a tie- up with the motorbike major to build a car that will be priced at around $2,550.
Ghosn told Bloomberg TV in an interview at the World Economic Forum in Davos that the car is likely to be rolled out 18 months after the Nano's launch which is expected to take place in the third quarter of 2008.
Renault currently manufactures and markets the mid-size sedan Logan in joint venture with India's Mahindra and Mahindra group.
Source:-Machinist.in
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