Renault has confirmed plans to produce a low cost car in order to compete with Tata Nano in those markets where there is a considerable demand for this type of vehicle, as French newspaper La Tribune had anticipated. However, a Renault spoke-person also denied rumors that the price of the car has already been set at 2,500 €. The new model will be initially introduced in India, where it will be positioned below its older cousin Nissan Micra (on sale in India at the equivalent of 5,900 €) with a price tag similar to the one of the Nano (2,000 € approximately).
To produce both cars, the Renault-Nissan group will partner with Indian company Bajaj (specialized in 2 and 3 wheel vehicles) in a move that will reduce the overall costs of the project. Head of Renault’s entry-level car division Gerarde Detourbet confirmed that his team is currently working on a small car that will be positioned below Renault Pulse and Nissan Micra, adding that it won’t be a super-cheap model. Apparently, the plan is to introduce a low-cost car that will be better equipped than the Nano. An all-electric version of the model is also in the cards.
via | Ansa
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