The Renault-Nissan Alliance and Bajaj Auto Ltd.. confirm shall develop a new vehicle

The new triumvirate is Renault, Nissan and Bajaj Indian brands have to offer by 2013 a small car whose mission is to address to the Tata Nano, the least expensive car in the world. Provided evedemment that the latter is still available at this moment.

Thus, the Indian motorcycle giant Bajaj Auto Ltd. will engage in the manufacture of cars on four wheels with the complicity of the Renault-Nissan Alliance.

Here is the statement issued by Renault-Nissan

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In November 2009, the Renault-Nissan Alliance and Bajaj Auto Ltd.. were announcing their intention to work together to develop an original vehicle has four wheels, intended to Indian market and other emerging markets.

Today the signing of a memorandum of understanding between the two partners is an important step of this project. This agreement is the result of discussions between the two partners on the product, manufacturing plan and distribution agreements.

In accordance with the announcement last November, the activities of design, development, manufacturing and supplier management, necessary to the creation of this new product will be driven by Bajaj with the support of the Alliance. Marketing and distribution will be to them as pilots by the Alliance with the support of Bajaj. No changes were made to the structure of cooperation initially defined by the two partners.

On the advantage of elements of the project will be communicated in a timely manner and according to the progress made.