There will be no joint venture to produce and sell the much hyped Ultra Low Cost car by Bajaj-Renault-Nissan. Instead there will be a ‘simple Original Equipment Manufacturer arrangement’ between the Indian partner and the French-Japanese duo, says Bajaj Auto. The original plan was to form a JV where Bajaj Auto will hold 50 percent stake and the rest 50 percent will be shared equally between Renault and Nissan.
07 Jul 2010 | 3077 Views | By Autocar Pro News Desk
There will be no joint venture to produce and sell the much hyped Ultra Low Cost car by Bajaj-Renault-Nissan. Instead there will be a ‘simple Original Equipment Manufacturer arrangement’ between the Indian partner and the French-Japanese duo, says Bajaj Auto. The original plan was to form a JV where Bajaj ...
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