$2500 Renault Car

Date: 12 May 2008 Comments: 0

After Tata Motors shocked the auto world with a 2500 dollars car model, Renault announced a rival for Tata Nano in 2011.

The french group in partnership with the Indian car manufacturer Bajaj Auto, will found a new company that will produce a low cost car with a start price of 2500 dollars.

In the new company Bajaj Auto will have 50% and Renault and Nissan each 25%. The new car will have ULC as a code name, will 400.000 models produced each year, and will be sold in the beginning in India.

The factory where the new low-cost Renault will be assembled will be built until 2011 in Chakan, India.

Renault-tata

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