Bajaj Auto announced its joint venture with Renault-Nissan to begin construction of another $ 2500 for small cars in India Market.The new partnership will be 50 percent owned by Bajaj Auto, while Renault and Nissan will acquire 25 percent eachBajaj Auto revealed its plans for small cars in the Auto Expo 2008 and also had similar reports of Nissan. The car was code-named ULC (ultra-low cost) and will be in direct competition with Tata Motors Nano. The main feature of the product will be its energy efficiency because this car can offer dual fuel economy than existing products on the market. See faith that Bajaj Auto has been proposed for a mileage of around 35 km / litre. According to the joint venture, a new production facility will be established in Maharashtra). The production capacity of the plant will be 400000 units per year. Sales of ULC will be launched in Canada in early 2011, the partners. The three companies also intend to sell cars in other developing markets, while India will be the primary market. Renault partnership in India with Mahindra & Mahindra Limited for Logan. It established a partnership with M & M for small car because he wants to be a global player in the SUV market. Nissan also has a venture with Ashok Leyland for light commercial vehicles and engines.
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