Renault-Nissan Announce $2,500 ULC Budget Car, To Be Built in India
Cars

Renault-Nissan Announce $2,500 ULC Budget Car, To Be Built in India


The first company to challenge India’s Ratan Tata and his $2,500 Nano minicar will be the Renault – Nissan Alliance that announced today the formation of a joint-venture company with Indian carmaker “Bajaj Auto” to develop, produce and market a new budget-mobile with prices starting from 2500 USD or 1.620 EUR with the current exchange rates.

According to a common press release by the involved parties, the new joint-venture company will be 50% owned by Bajaj Auto, 25% by Renault and 25% by Nissan. The $2,500 car, code-named ULC, will be produced at an all-new plant to be constructed in Chakan (Maharashtra state) in India. Initial planned capacity will be 400,000 units per year with sales set to start in early 2011 in India, as a primary market, with growth potential in other emerging markets around the world.





- Datsun Relaunched As Dacia Of The East With New Go Supermini [w/videos]
Datsun is back some three decades after Nissan came to the decision that it would be to its best interest to kill the name in the early 1980s. Now, Datsun is starting afresh as the third Nissan Motor Company's brand after Nissan and Infiniti as a...

- Renault And Caterham Officially Join Forces To Resurrect Alpine Brand
It's no secret that Renault was looking for a partner to revive its Alpine sports car brand and now the French carmaker says it has found it in the Caterham Group. The two companies made the wedding official today during a press conference in Paris...

- Tata Considers Developing Engines With Jaguar And Land Rover
Tata Motors’ owner, Ratan Tata, confirmed today in the company’s annual report that the Indian carmaker is considering developing an engine in cooperation with its Jaguar Land Rover division. "To optimize the synergistic strengths...

- Locally Made Right-hand-drive Renault Duster To Launch In India
The Renault-Nissan Alliance is gradually expanding the availability of its Duster small SUV, originally branded as a Dacia, to more international markets. Following the recent presentation of the Renault Duster for the South American region at the Buenos...

- Proton To Enter Indian Market In 2009
Malaysian national carmaker Proton has announced its plans to enter the burgeoning Indian market that currently supports annual sales of about 1.5 million passenger vehicles. Initially, the Malaysian company will market three models, the Savvy, the Saga...



Cars








.