At last, Renault-Bajaj alliance makes it a wonder, that the proposed low cost car would be the lower than other cars available in India. The car would hit the roads by 2012 and would be made by Bajaj with all around efficiency and fuel consistency, said the CEO of Renault. The car will be adorned with Nissan-Renault badge, as the design, manufacturing and sourcing will be looked after by Bajaj. The end product and the marketing will be taken care by Renault, under the agreement. The net focus is on fuel efficiency that the car is to be designed to run at 20km.lit.
The pricing is yet to be decided but will be the cheapest available in India- the entry price point for Renault. The current trend in the car industry about the pricing is Rs1.34lakh for Nano and Rs2.2 lakh for Maruti 800. With the expertise available from Bajaj, Renault foresees a potential for export venture of the proposed car. Further there will be import of cars besides making new models from Chennai plant. Nissan is in the Indian market with its Teana sedan and X-Trail SUV, both CBUs.
The move materialised in the wake of the visit of the Renault-Nissan chief. He met two of its partners Ashok Leyland and Bajaj officials to finalize the small car and commercial vehicles. He is yet to come out about his meeting the VC of M&M, another partner for marketing its Logan. He had discussions with some central ministers on the policy issues.