Bajaj Auto and Renault-Nissan ink a pact for car

The ongoing growth of cars in the Indian market and the other potential markets has initiated the two giants in the industry- Bajaj and Renault Nissan- to enter into an alliance. These two companies are already in a pact for a small car slated for launch in 2012. Of late, Bajaj has made a scintillating growth in its two wheeler segment particularly with Pulsar and Discover bikes. Bajaj has romped a steep 68.39% hike in its two wheeler sale by selling 2,82,808 units last month. In all the growth of auto industry in June 2010 was very firm and fantastic due to relieved financial constraints and extended money flow from the banks and other institutions. The Q1 of this FY saw the launch of 8 new models and 11 redesigned vehicles in the range of LCVs, two wheelers and other main segments.

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