Latest bit of buzz emerging from the Bajaj-Renault-Nissan ULC camp. The Ultra Low Cost developed by this tripartite alliance will reportedly sport a stunningly cheap price tag of INR 1.10 Lakh.
Mr.Carlos Ghosn made this statement publicly at Renault-Nissan’s Annual General Meeting on Friday, amidst a stunned audience and here’s what he had to say.
In India, Renault and Nissan are developing an ultra low cost vehicle with the Bajaj group, benefiting from its expertise in the light vehicles and the knowledge of the Indian market. We are aiming for a price of $2,500.
Adding fuel to the fire, Rajiv Bajaj also reaffirmed Mr Ghosn’s pricing views.
Coming from as influential a personality as Mr Ghosn, we have no reason to disbelieve this remarkable piece of development. But, we’re still struggling to comprehend how the Tripartite alliance of Bajaj-Renault-Nissan will manage to price the ULC at such a low end cost. This, even as Tata Motors clearly stated that the second batch of the Tata Nanos will be costlier than the first ones citing raw material and production price hikes.
Bajaj Auto's Launching a new small car price of Rs 60,000 excites you but calm down - its a Fake! That said, Bajaj does make a small quadricycle called the Qute which is exported to selected countries...
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