Bajaj Auto
World’s cheapest vehicle by Renault-Nissan to arrive in 2012
Nissan-Renault has signed a deal with Indian-based Bajaj Auto to produce the world’s cheapest vehicle in India. With a market introduction scheduled in 2012, the new vehicle code-named ULC (Ultra Low Cost) will go head to head with the Tata Nano.
Furthermore, Renault-Nissan’s CEO Carlos Ghosn also revealed that the cost of the car would be lower than any vehicle made in India today, indicating that it will carry a price tag that is lower that Rs 1 lakh. That amount of money will get you the Nano.
The ULC will be initially sold in India and exports to other emerging markets will take place later on. Apparently the car will offer a fuel consumption figure that is better than 20 kilometers per liter. According to the partnership, Bajaj Auto will be responsible for the design, engineering as well as the manufacturing while Renault-Nissan will focus on marketing, branding and the sale of parts.
Both Renault-Nissan and Bajaj were working on the same project previously and the outcome of the partnership was supposed to be unveiled next year. Apparently there were some disagreements, but all have been resolved. What you see above is the Bajaj Lite concept that was presented last year.
