Renault, Nissan hope to launch 3,000 usd car in 2010 in India - Ghosn |
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Wed, 24 Oct 2007 10:11
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CHIBA, Japan (Thomson Financial) - Renault SA and Japanese affiliate Nissan Motor Co. are hoping to launch their planned 3,000 usd low-cost car in India in 2010, according to Carlos Ghosn, CEO of the two groups.'If this car is feasible, which is still being studied, then we hope to launch it in 2010 in India,' Ghosn said during a news conference at the Tokyo car show.'The big question is: will we be able to export it?,' he added, citing the European, Chinese, Brazilian and Mexican markets.Ghosn also stated that the very low cost model would be produced by Bajaj, a local partner of both Renault and Nissan.The CEO is due to visit India on Monday to discuss the project.At last month's Frankfurt car show, Ghosn had said Renault is looking for ways to build a car that could sell for no more than 3,000 usd in order to tap mass markets in China, India and Brazil.Ghosn stressed then that the future model would be designed from scratch and would not be a a stripped-down version of its existing low-cost Logan car, which sells for around 5,000 usd.tfn.paris@thomson.comgt/slmCOPYRIGHTCopyright Thomson Financial News Limited 2007. All rights reserved.The copying, republication or redistribution of Thomson Financial News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Financial News.
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