
2,500 dollars, or 1,620 euro, will be the cost of the first real challenge from Renault and Nissan, who have demonstrated their willingness to create a low cost car for developing countries, and backed up by the experience of Dacia Logan.
The model, expected in 2011 with a production of about 400,000 units, will be offered under a new brand emerging from the Renault-Nissan 50-50 joint venture, and the collaboration of Bajaj. To reduce costs the project, dubbed ULC, will be manufactured in the Indian base at Chakan.
Via | World Car Fans
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