Companies / India
Renault, Nissan And Bajaj Take On Tata
May 2008 | Project NewsIndian motorcycle manufacturer Bajaj Auto and the Renault-Nissan alliance have formalised a joint venture to produce a budget small car to rival Tata's Nano. Bajaj will own a 50% stake in the venture, which will produce 400,000 units per year, with the remaining stake shared equally between Renault and Nissan. Codenamed the ULC, the budget model will be on sale from 2011 at a price of around INR100,000 (US$2,500), similar to the
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