Renault Nissan alliance with the Indian Bajaj to produce a car 2,500 dollars

The alliance of carmakers Renault and Nissan Motor India's Bajaj Auto Finance Group have announced Monday the creation of a joint venture destiny "develop, produce and market" a car that will be sold from 2,500 dollars.

The joint venture will be owned 50% by Bajaj Auto, 25% by Renault and 25% by Nissan, the companies have precise in a common communicates.

Vehicle sales, named ULC code, "start in early 2011 India-the main-with potential for growth in other emerging markets in the world works," according to the statement said.

"The ULC will be produced in Chakan (Maharashtra) in India, a grassroot plant for this purpose", the initial planned capacity "will be 400,000 units per year," have added Renault-Nissan and Bajaj.

Bajaj Auto Ltd. is a very important Indian motorcycle manufacturer has two or three wheels. In January the Auto Show in New Delhi, the Indian manufacturer Bajaj had then presents a micro car called LITE Concept. The latter is intended as a direct rival to the Tata Nano car manufacturing the Indian, who had been much ink during its unveiling. This tiny LITE presented as a five-door is powered by an engine with only two cylinders and whose cylinder is 600 cc.

Speaking of cars offered at a very low price, many manufacturers are currently working on this type of cars, including General Motors and Toyota, whose rivalry is no longer a secret. Unfortunately, or fortunately, these cars are planned for commercialization reserved for emerging countries.