Bajaj's ultra low-cost (ULC) car will be ready soon
Bajaj Auto will show small car prototype to its partner, Renault, during the course of this calendar, according to a report.
The report stated that this is keeping in line with the revised arrangement announced by Carlos Ghosn, CEO of Renault-Nissan, during his visit to India in November 2009.
The company was entrusted with the task of designing and manufacturing the ultra low-cost (ULC) car while Renault would market it, says report.
Rajiv Bajaj, Managing Director of Bajaj Auto has reportedly said that they are not hiding anything from Renault and are going exactly by what was discussed between Ghosn and them.
[Source:indiainfoline]
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