Carlos Ghosn, chief executive of Renault and Nissan, yesterday pledged that a car the group is planning to make with an Indian partner would be cheaper to produce than the Tata Nano, the world's cheapest car.
Mr Ghosn said the “ultra low-cost car”, which will be designed and built by Renault and Nissan's Indian partner, Bajaj Auto, would also trump the Nano and any other car in the market on fuel efficiency. It will be launched in 2012.
“The cost of this car will be lower than any other car made today in India,” Mr Ghosn said at the World Economic Forum meeting in New Delhi.
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