NEW DELHI: Two-wheeler major Bajaj Auto, which plans to develop a low-cost small car in partnership with Renault-Nissan, is expected to announce the final details of the project in a “few weeks”.
The small car project, which has been widely seen as an effort to rival Tata’s Rs one lakh Nano, was earlier pursued by only Bajaj Auto Ltd (BAL) and Renault and later joined by Nissan, in which the French firm has 44.4% stake. Asked by when a final decision on the project details was expected, BAL managing director Rajiv Bajaj said: “In a few weeks”.
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CHIBA, Japan : Nissan and Renault hope to start selling a car for about US$2,500 in India in around 2010 along with their local partner there, chief executive Carlos Ghosn said on Wednesday.
“We have already practically decided all the attributes of the car,” Ghosn told reporters at the Tokyo Motor Show.
“We have the full intention to do it - if it’s feasible. Hopefully this is going to be 2010 in India,” he said.
Ghosn, who heads both Japan’s Nissan Motor Co. and its French partner Renault, said he would visit Indian partner Bajaj Auto next week for talks on the car.
He said that it appeared possible to make a US$2,500 car for India, but the big question was whether it could be exported to other markets such as Europe, China, Brazil, Mexico or even the United States.
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