Bajaj-Renault-Nissan alliance to launch ultra low cost car by 2012

Car Manufacturers Bajaj, Nissan and Renault will introduce a joint venture ultra-low cost car in India by year 2012. According to Renault, France based company, the car will be smaller than the existing Maruti Alto. In this joint venture Bajaj Auto will be handling manufacturing, sourcing, engineering and designing work while on the other hand Renault-Nissan alliance will be taking care of marketing and selling of the car in domestic as well as international market.