Nissan-Renault boss eyes 3,000 dollar car in India

Carlos Ghosn, head of Japan's Nissan Motor Corp. and France's Renault, said Wednesday the automakers were considering launching a low-cost 3,000-dollar car in India- one of the world's fastest growing automobile markets.

After a Nissan shareholders meeting in Yokohama, Ghosn told reporters that the companies are investigating at the level of the alliance the possibility of a 3,000 dollar car, a common work made by Renault and Nissan. Carlos Ghosn added that if this car will be built, it will be done in India because the plants are there and the environment in India will be very favourable to a frugal product definition, according to AFP.


Nissan - Maxima
In April Renault launched an Indian version of its low-cost Logan with local partner Mahindra and Mahindra in Nashik near Mumbai, with 50,000 cars to be built a year.

In November, Renault and Mahindra announced that they wold build a 902 million-dollar factory together in the southern city of Chennai, then in February Nissan joined the project.

Ghosn said that the race with Japanese rivals Toyota and Honda on affordable cars on the Indian market has started.


Subscribe to: RSS, Email

Comments