Bajaj and Renault-Nissan alliance joined hands to produce a small car that would compete with Tata Nano in
He said, “We watch the headlines in
Rumor also spread out that Renault-Nissan would also get into a partnership with Ashok Leyland to manufacture another small car but Sproule said that at the moment their partnership with Ashok-Leyland is limited to producing commercial vehicles only.
Mr. Sproule said that his company always intended to have a partnership with OEM rather than getting into a joint venture. Bajaj’s technology, manufacturing capability and supply network would fuse with Renault-Nissan alliances expertise in marketing four-wheel vehicles.
Renault-Nissan teamed up with Bajaj Auto to get into the entry level market of
The officials of the two companies are now in “working phase of the project.” They have not yet decided on various issues such as the design, manufacturing and sales.
The two companies signed a MoU on July 8, 2010. The vehicle will be launched in the market by 2012 and would cost around Rs.1.17 lakh. Bajaj will develop and manufacture the car and Renault-Nissan will focus on branding, marketing and sales in