Carlos Ghosn, chief executive of Renault and Nissan, has said that he is confident of being able to develop a US$3,000 car in India with proposed partner Bajaj Auto Ltd.

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Reuters reported that the Renault-Nissan alliance has been studying production of a US$3,000 car to rival Tata Motors’ US$2,500 car in the Indian market, but Ghosn said no decision has been reached yet.


“We will go ahead with it if it’s possible,” Ghosn told a news conference at the Tokyo Motor Show.


“But we are confident, because somebody else is already doing it.” Ghosn added that the partners would aim to launch the car to market in 2010 so as not to fall too far behind Tata.


Ghosn said he was scheduled to visit Bajaj in India next Monday to discuss the project, adding that most features of the car had already been decided.


“It’s going to mainly be made by them, with our support,” he said.

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