4:54 pm, May 13, 2008
CAR giants Renault and Nissan have linked up with Indian motorcycle manufacturer Bajaj Auto and plan to build a £1,270 car
The vehicle is set to compete with Tata Motor’s £1,250 Nano model – the world’s cheapest car when it hit the roads earlier this year. Tata has plans to bring the Nano (pictured) to the UK.
The move represents the latest effort to put the Third World on wheels by selling cars that cost about the same as a laptop computer, said the report in the Financial Times.
The new car – codenamed ULC (ultra-low-cost) – will be manufactured and sold in India, with the first models due to come on to the market in early 2011. Initial production of 400,000 units a year is planned.
The model may be exported later to other emerging markets using Renault-Nissan’s global sales network.
