The alliance has already pushed back the launch deadline twice over the last three years.
Rajiv Bajaj talks about his de-risking strategy, as well as his company's much-speculated relationship with Renault-Nissan
The Renault-Nissan combine is tying up with Bajaj to introduce low-cost cars in Israel, which will cost nearly half of what people are accustomed to paying here, a media report said. Renault-Nissan is presently working on developing low-cost cars for the price-intolerant Asian market, Ha'aretz reported.
In 2008, the companies had planned a tripartite joint venture entity that would build and sell a $3,000 (about Rs 1.4 lakh) competitor to Tata Motors' Nano, the world's cheapest car. Bajaj was to have a 50 per cent stake, with Renault and Nissan having 25 per cent each.
The small car market of India is booming like never before.
Japanese auto major Honda on Wednesday said it will focus on India and China for future growth as sales in developed markets like the United States and Europe continue to drag due to the global economic downturn.
It seems like after Tata Nano, Maruti Cervo and Bajaj-Renault-Nissan's ultra-low-cost car plans it's Toyota's turn to bring out a product for the entry level segment.
'Bajaj is proceeding as before to implement this project and any financial or other constraints that Renault-Nissan may have will have no bearing on the ability of Bajaj to implement this project,' Bajaj Auto Ltd Managing Director Rajiv Bajaj said in a statement. He, however, did not elaborate on what kind of financial constraints Renault-Nissan is facing while carrying out the project.
'It can be used to build three-wheelers, vans, too'
Singing a different tune than its foreign partners, Bajaj Auto on Friday said it will launch a four-wheeler commercial vehicle in mid-2012 from the ultra-low cost car (ULC) platform, which was originally planned to roll out a car with Franco-Japanese alliance Renault-Nissan.
Bajaj Auto Managing Director Rajiv Bajaj said the company has, in partnership with Renault-Nissan, developed India's most fuel efficient and least-polluting car engine.
The small car, initially supposed to hit the market by 2011, was delayed by a year due to differences between the partners over pricing and design.
The country's second largest two-wheeler maker Bajaj Auto Ltd (BAL) on Monday joined hands with Renault-Nissan to launch a small car in India by 2011 that will compete with Tata Motors' Nano on price point - Rs 1 lakh.
Bajaj Auto's new four-wheeled people-carrier might well create an entirely new category.
Prototype for ultra low-cost car not ready, says Renault; getting out five other vehicles is priority for next year.
The ultra low cost car (ULC), which will be competing with Tata Nano, aims to better the mileage of 23.6 km/lt, given by the world's cheapest car from the stable of Tata Motors.
The Datsun brand which belongs to Nissan has been recently revived to introduce value-for-money cars in emerging markets and the first two cars to wear this nameplate are expected by 2014.
"As per the agreement, the design, engineering, sourcing and manufacturing will be handled by Bajaj Auto while marketing and selling will be by Renault-Nissan Alliance."
Nissan also has a car-manufacturing tie-up with its global alliance partner Renault.
Tata Motors is hot on Renault's heels in a drive to produce and distribute the world's most affordable car in the fast-growing India market.
Ghosn's partnership with motorcycle and auto-rickshaw maker Bajaj Auto got most publicity.
Renault Kwid is a good entry-level car for Indian roads.
Auto majors face dip in exports due to credit squeeze in Lanka, Nepal
Hyundai Motor and Toyota Kirloskar Motor have announced the suspension of manufacturing operations at their respective plants amid coronavirus outbreak. On Sunday, various automakers like Maruti Suzuki India, Honda Cars, Mahindra & Mahindra and Fiat announced a temporary halt in manufacturing operations at their respective facilities.
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