Bajaj and Renault Nissan have confirmed that the joint venture will roll out its ultra-cheap car in India by 2012. Bajaj Motors will be acting as a manufacturing partner that will be responsible for designed, development and manufacturing of the car and Renault-Nissan will handle the marketing, sales and service of the car. According to the recent statement from Rajiv Bajaj, MD, Bajaj Auto, the company will roll out the model from its Waluj plant near Aurangabad instead of its Chakan plant near Pune. “The company is investing Rs 500 crore in this project. It is confidential for Bajaj, Nissan and Renault and so, I will not speak much about it,” he said.
The total cost of the project is expected to be Rs. 2000 crores and Bajaj has been quite active in acquiring land for the purpose. So far it has already acquired 250 acres and has requested 100 acres more from the government for the project.
Rajiv Bajaj also stated that the company will also seriously look into the growing scooter segment and shall launch new Pulsar model next year.
