It is the race of producing inexpensive cars in India. You know that Tata Motors caused sensation earlier this year by introducing Tata Nano- the cheapest car in the world. Well, Tata Nano has not hit the market yet but it is expected to come to the market within a few months. Now, Renault-Nissan and Bajaj have a plan to bring a car for just $2,500.
AFP reported:
Renault-Nissan and India's Bajaj group said Monday they planned to make a 2,500-dollar car by early 2011, the second effort to make a cheap car for the South Asian nation's rapidly growing middle class.
The budget car, which would cost 100,000 rupees in India, is so far only known as "Codename ULC." The joint venture would be 50 percent owned by Bajaj Auto, 25 percent by Renault and 25 percent by Nissan, a statement said.
The only catch is that this car would come in 2011. Still 3 years left. Anyway, even if this car comes in the market in 2011 still, it will get many customers. So, let us see if Renault-Nissan and Bajaj can make the car by 2011.
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